Motion Picture Industry Pension Plan

... is now mailing out pension reports to participants.

The pages participants get include individuals' current monthly annuities (otherwise known as "The Defined Benefit Plan," calculated to the end of 2010), the current total of The Individual Account Plan, and a new beneficiary form the Plan would like people to fill out ...

The Plan has something around $3-$4 billion in total assets. Since people often ask "How is the money invested?" here is the breakdown as of December 2010:

Defined Benefit Plan

U.S. Core Equity -- 3%

U.S. Growth Equity -- 7%

U.S. Value Equity -- 2.8%

Global Equity -- 16.1%

International Equity -- 4.9%

Emerging Market -- 4.5%

Fixed Income -- 32.2%

Alternative Investments -- 22.4%

Real Estate -- 7.1%

If you ask me, "What the hell is 'Alternative Investments'?" I'm happy to answer succinctly: I don't know.

The above is what the Plan provided participants, and it's too late at night for me to pick up the phone and start asking around. Here's the investment breakdown for the IAP:

Individual Account Plan

U.S. Core Equity -- 1.7%

U.S. Growth Equity -- 5.7%

U.S. Value Equity -- 4%

Global Equity -- 6.5%

International Equity -- 7.3%

Emerging Market -- 2.8%

Fixed Income -- 39.9%

Alternative Investments -- 27.2%

Real Estate == 4.9%

I also can't tell you the difference between "Global Equity" and "International Equity," except that the "Global" part maybe includes U.S. investments. (This is an educated guess on my part.)

You will also note that the investments for the Individual Account Plan are more conservative than the ones for the Defined Benefit Plan. Call the Motion Picture Industry Pension Plan, linked up there at the top, for further details.