All Pension Plan participants will be receiving Notices to Interested Parties for the Basic and Supplemental Pension Plans. These are routine notices that are mailed to Pension Plans participants every few years.
As qualified retirement plans, the Basic and Supplemental Pension Plans are required to file a determination of qualification with the IRS every few years. A qualified retirement plan is entitled to favorable tax treatment, meaning contributions made under the plan document are currently tax deductible and these contributions and related investment income will not be treated as income to participants until they receive a distribution from the plan.
The Board of Trustees of the DGA–Producer Pension Plans is pleased to announce the following changes to the Basic Pension Plan:
To help pay for the expanded benefit, the Board of Trustees adjusted the amount of the delayed Basic Plan benefit increase for future benefits from 12% per year to 9% per year.
If you live outside the United States, click here for more information about your benefits.
Created as a result of the Directors Guild of America's collective bargaining agreements with producer associations representing the motion picture, television and commercial production industries, the DGA-Producer Pension and Health Plans provide excellent benefits to participants.
The DGA-Producer Pension and Health Plans are separate entities from the DGA and are administered by a Board of Trustees made up of DGA representatives and Producers' representatives.