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The Board of Directors of the Motion Picture Industry Individual Account Plan (“IAP”) approved a one-time hardship withdrawal of of an elected amount of need up to 20% of a Participant’s 2022 IAP account balance not to exceed a maximum dollar limit of $20,000.
- Pension & IAP
The Board of Directors of the Motion Picture Industry...
- Mpiphp
Mpiphp - Pension & IAP - MPIPHP
- The Road To Retirement
information you must provide to the Motion Picture Industry...
- Pension & IAP
- Defined Benefit Plan
- Individual Account Plan
- The Animation Guild 401(k) Plan
The Defined Benefit plan is an annuity plan where upon retirement you will be paid a monthly annuity based on how many hours and years you worked under a union contract. You are fully vested in this plan after five qualified years with at least 400 hours worked in each year.
The Individual Account plan is much like a traditional 401(k) plan in that upon retirement, you will have access to a pre-tax amount equaling the total contributions as well as any interest earned. You are vested in this plan after a qualified year with at least 400 hours worked.
The TAG 401(k) is is an optional plan that is fully funded by the member. It is a no match plan where a member can contribute 2% to 40% per paycheck, up to the annual maximum set by the IRS. There are a variety of index funds and managed accounts to choose from including PIMCO, Vanguard and T. Rowe Price. For more detailed information on the Guild ...
Eligible Participants who are vested in the Motion Picture Industry Individual Account Plan (IAP) as of the year ending December 2022 will be able to apply for a one-time special early withdrawal of up to 20% of their 2022 IAP account balance. This amount is not to exceed a maximum dollar limit of $20,000.
Aug 1, 2023 · The Motion Picture Industry Pension & Health Plans — which provides benefits to a significant number of union members in the entertainment business — is offering health insurance...
This guide is designed to help you navigate the retirement process while highlighting the decisions you must make about your benefits and information you must provide to the Motion Picture Industry Pension Plan (the "Pension Plan") and the Motion Picture Industry Individual Account Plan (the "IAP") (collectively, "MPI") before and after your ret...
