The Nursing Homes and Related Industries Pension Plan ("NHRIPP" or the "Plan") is a multi-employer target benefit pension plan which has been helping its members prepare for retirement for more than 30 years. The Plan has assets of more than $3 billion and is administered by a Board of Trustees appointed by the Service Employees International Union (“SEIU”), the Canadian Union of Public Employees (“CUPE”), Unifor and the Ontario Nurses’ Association (“ONA”).

More than 90,000 unionized, nursing and retirement home workers in Ontario, Alberta, and Prince Edward Island, including more than 17,000 pensioners, now participate in the NHRIPP. Greater than 530 employer locations – and growing – now offer the NHRIPP pension to their employees.

The pensions members receive from the NHRIPP are paid from contributions received from employees and their employers and the investment income earned on those contributions. The pensions of members are determined by the total contributions received on the member’s behalf and, if applicable, the member’s years of service with their first contributing employer before it started contributing to the Plan.

As a target-benefit pension plan, the NHRIPP was designed by pension professionals to provide a certain targeted level of benefits. However, because contributions to the NHRIPP are fixed by collective agreement, that level of benefits is not guaranteed. If the Plan develops a funding shortfall, benefit levels for all members, including pensioners, may be reduced. On the contrary, If the Plan develops a funding surplus, benefit levels for all members, including pensioners, may be increased. 

InBenefits has been hired by the Board of Trustees to administer the NHRIPP. If you have questions about the NHRIPP, please contact InBenefits.