2016-06-30-AMGH Employee Handbook

Pension
Our pension plan, HOOPP (Healthcare of Ontario Pension Plan), provides a Defined Benefit (DB)
plan which pays out a set pension amount every month based on a member’s length of service
and best 5 consecutive years of earnings.
HOOPP is fully funded at 114% and has 51.6 Billion in Net Assets making it a secure investment
for our staff.
See Your Future Now
When starting a new position, retirement is probably the last thing on your mind. But it’s exactly
the right time to start planting roots for your future. The benefits of HOOPP are that it offers
flexibility, portability and secure growth. And the sooner you join HOOPP, the more growth you
can expect.
Full-time staff are eligible on their start date; part-time staff are eligible to enroll in the January
following their first calendar year that they work 700 hours. We strongly encourage you to enroll in
the pension plan.
If you have any questions about your HOOPP pension, please contact Human Resources at
extension 5720 or Payroll at extension 5703. You can also access information online at
www.hoopp.com.
Statutory Holidays
The Statutory Holidays list will be posted in Docushare every Fall for the following year. The
hospital observes the following statutory holidays:
New Year’s Day Civic Holiday
Family Day
Labour Day
Good Friday
Thanksgiving Day
Easter Monday
Remembrance Day
Victoria Day
Christmas Day
Canada Day
Boxing Day
Vacation
Full-time:
Vacation is earned by hours worked; vacation is updated on each payday. If, for example, you are
entitled to four weeks vacation, you would earn 4.77 hours of vacation each payday. The
organization’s Overtime, Additional Hours and Banked Time Policy outlines the maximum hours
that an employee can have banked at any time.
Part-time:
Part-time staff are paid a percentage in lieu of vacation according to how many weeks they are
eligible for; part-time staff must take the number of weeks of vacation per year for which they are
eligible.
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