The AFTRA Retirement Fund receives contributions from industry employers on behalf of those who perform AFTRA-covered work. These contributions allow the Retirement Fund to offer the AFTRA Retirement Plan with pension benefits to performers who become vested.
Keeping this in consideration, how does the AFTRA pension work?
The Regular Pension is a monthly amount equal to the sum of the annual Prior Service Benefit plus the annual Current Service Benefit divided by 12. … The Minimum Pension amount is based on the Five-Year Certain Form of payment and will be reduced if another form of payment is elected.
Likewise, does the Screen Actors Guild have a pension plan?
Screen Actors Guild–Producers Pension Plan provides pension benefits for actors as well as Guild and Plan office employees. Benefits for each year of service are based on a percentage of compensation.
What are the benefits of SAG-aftra?
SAG-AFTRA members are entitled to a variety of benefits, including contracts/collective bargaining, eligibility for the SAG-AFTRA Health Plan, SAG-Producers Pension Plan, the AFTRA Retirement Fund, the iActor online casting database, and much more.
What does AFTRA stand for?
Definition. AFTRA. American Federation of Television & Radio Artists.
How much is a SAG-aftra pension?
| Maximum Pension | |
|---|---|
| Pension Credits as of the Annuity Starting Date | Maximum Monthly Benefit |
| 20 through 29 Pension Credits | $7,000 monthly maximum |
| 30 through 34 Pension Credits | $7,500 monthly maximum |
| 35 or more Pension Credits | $8,000 monthly maximum |
Do actors get pension?
The size of your pension will depend on how much you work. Often, actors will have pensions from all three unions, and with Social Security, it can be enough to live on, Fowkes said. … “Actors are becoming smarter about retirement than they were five years ago,” Fowkes said.
How do you qualify for a pension?
To be eligible for a pension benefit you usually need to work for an employer for a certain number of years (that number can vary). Your pension benefit usually increases as you accumulate additional years of employment with that employer.
What is SAG ID?
Answer. You can find your SAG-AFTRA ID on your union membership card, or you can email [email protected] and ask them to relay it to you.