Animation Guild veterans often ask us:
"So ... Will I ever get a pension? Will the pension plan even be around when I'm ready to hang it up? ...
For the fretful, here are some answers, courtesy of the Motion Picture Industry Pension Plan.
The Plan must report how well it is funded by using a measure called the "funded percentage. This percentage is determined by dividing the Plan's assets by its liabilities. ... [T]he higher the percentage, the better funded the plan.
Funded percentage (2011) -- 83.2%
Value of assets -- $3,088,722,000
Value of liabilities -- $3,714,500,000
Total Participants -- 71,742
Cash - 2%
Government bonds -- 17%
Corporate bonds -- 14%
Equities -- 17%
Real estate -- 6%
Interest bearing accounts -- 42%
Other -- 2%
What I've done here is truncate a longer document. (No point in having eyes glaze over.)
It's important to note that federal law requires retirement plans to be above 80% for the funding of liabilities to be in what's called "the green zone." The MPIPP has been in that zone for the past two years. (There are other, less desirable zones in the federal color chart. These usually spell T.R.O.U.B.L.E.)