From time to time, when I'm loping through a studio or gaping at the computer screen in my office, somebody comes up asks questions about the MPI Health Plan or MPI Pension Plan.
Like "How much pension am I going to get?" or "When do I qualify for a pension?" or "Is there enough money in the fund to pay my pension?"
Here are a few answers (and please go to the link above for way more details). Here are a few bullet points ...
The Individual Account part of the pension contains $3.745 billion.
The Defined Benefit Part of the pension (that the monthly annuity) contains $3.247 billion.
The Active Health Plan costs $12,000 per eligible per year.
Residuals paid to MPIPHP (supplemental markets and post sixties) -- $429 million.
To qualify for the Retiree Health Plan:
Age 62 with 15 Qualified Pension Years and 20,000 Contribution Hours (three years after age 40; 1 year after 2000)
Age 62 with 20 QUalified Pension Years and 20,000 Contribution Hours
Age 61 with 30 Qualified Pension Years and 55,000 Contribution Hours
Age 60 with 30 Qualified Pension Years and 60,000 Contribution Hours
We repeat this information from time to time because people tend to forget what pension and health benefits they've accumulated ... and some folks never absorb the information in the first place.
(Remember, there are two Motion Picture Industry pension plans, and three if you count the Animation Guild's 401(k) Plan).