Friday, February 25, 2011

Factoids to Know ...

... particularly if you are in the IA/TAG and under the Motion Picture Industry Pension and Health Plan:

Providence agrees to take over motion picture hospital and nursing home

The Motion Picture and Television Fund said Wednesday that it had reached an agreement with hospital chain Providence Health & Services that would allow the fund to keep open the hospital and nursing home in Woodland Hills.

Under the proposed agreement ... Providence would sign a long-term lease agreement with the fund to manage the hospital and nursing home and assume financial responsibility for its operations. ...

This is good news for plan participants, since it broadens options rather than narrows them. (Some of you might remember there has been an ongoing battle over the closing of medical facilities at the Motion Picture and Country home out in the West San Fernando Valley. So this is welcome.) ...

One more upbeat fact: At yesterday's BA Meeting at the IA West Coast office, we were told that the Motion Picture Industry Health and Pension Plan has seen a significant uptick in cash flow and investment returns over the past few months.

Investment return has been running at 13%, and returns over the past twenty years now stand at 8.6%. This has helped narrow deficits incurred by the health plan.

3 comments:

Anonymous said...

Floyd--I don' think you "relocated north.". Stop stretching the truth. And the Comicon room was packed.

Anonymous said...

The degree to which a few of the animation internet police monitor and attack Floyd Norman would be funny if it wasn't so pathetic.

Hey dude, while you're trying to figure out how to properly post your anonymous attacks, why don't you consider spending more time minding your own career, and less time trying to tear down Floyd's ample accomplishments?

Steve Hulett said...

Whoever this person is, they have trouble commenting on the right thread.

Which leads me to believe they have trouble finding their way to the bathroom.

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