Ep #86 - Understanding the Healthcare of Ontario Pension Plan (HOOPP) for Incorporated Physicians - with Rachel Arbour Artwork

beyond MD with Dr. Yatin Chadha

beyond MD bridges the gap between medical training and financial literacy.

Led by mid-career Canadian radiologist, Yatin Chadha, beyond MD empowers practicing physicians, medical trainees, and other professionals to build confidence and clarity around money.

Episodes feature interviews with subject experts to help listeners gain knowledge around topics like professional corporations, investing, insurance, pensions, real estate, trusts, and estate planning.

Yatin also frequently interviews his own colleagues to shed light on valuable life and money lessons learned over time.

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beyond MD with Dr. Yatin Chadha

Ep #86 - Understanding the Healthcare of Ontario Pension Plan (HOOPP) for Incorporated Physicians - with Rachel Arbour

March 06, 2025 • Season 1 • Episode 86

Today we revisit pensions with an exploration of the Healthcare of Ontario Pension Plan (HOOPP) for incorporated Ontario physicians.

My guest is Rachel Arbour, who is the Head of Plan Benefits, Design and Policy at HOOPP.

Discussion points:

- HOOPP overview (2:28)

- What is a defined benefit pension? (4:13)

- How is the defined benefit calculated? (6:23)

- what to know about your best 5 years of earnings (9:35)

- Is there a ceiling to the defined benefit? (10:31)

- who is eligible to take part in HOOPP? (11:43)

- how are contributions calculated? (15:52)

- what about inflation adjustments? (23:13)

- fund investment returns (26:32)

- funded status (28:00)

- HOOPP's maturation over time (29:10)

- are special contributions possible with HOOPP? (31:47)

- pension administrative & investment costs (35:45)

- when can pension benefits begin? (38:15)

- pulling out from HOOPP (39:38)

- what happens to contributions in years of fluctuating income? (41:40)

- income splitting, spousal benefit options (44:55)

- estate planning (47:09)

- disability benefits (50:07)

This episode features Arya EHR - https://www.aryaehr.com/

**I endorse only products/services I personally use or would use. Any income generated offsets the costs of running this podcast :)

HOOPP:

https://hoopp.com/join-hoopp/physicians-joining-hoopp

https://hoopp.com/news-and-insights/research-and-analysis/white-papers

Yatin:

Email: beyondmdpodcast@gmail.com
LinkedIn: Yatin Chadha