On and after October 28, 1990, all contributions received by the Pension Plan (other than Unclaimed Vacation & Holiday Pay)
are Employer contributions. (Prior to October 28, 1990, 16.4¢/hour was deducted from Participant paychecks each pay period
and remitted to the Motion Picture Industry Pension Plan toward individual pensions.) The IAP is also 100% Employer-funded.
You may continue working as long as you like. Retirement under these Plans is voluntary. There is no mandatory retirement age.
However, if you were born on or after July 1, 1917, or are a 5% owner of the stock (or voting shares) of an Employer, your
pension payments will automatically begin by April 1 of the calendar year following the year in which you turn 70½ years of
age, even if you are still working (see Minimum Distribution Payments, Pension SPD). Even though you will be legally required
to start receiving pension payments, you will not be considered retired until you submit a completed retirement application
to the Pension Department.
Retirement applications from the Pension Department must be filed at least two full calendar months before your desired
retirement date. The month that you actually sign the form does not count as a Calendar month. The necessary two-month
period is considered the two calendar months immediately following the month you sign the form. When you are ready to
retire, simply call the West Coast Plan Office to make an appointment with a Retirement Counselor.
Contact either the West or East Coast Plan Offices for a copy of the Retiree Health SPD or download here. Retirement Counselors can help
you run different retirement scenarios to help you in your decisions.
Each year the Plans will send you a statement showing your monthly accrued benefit, and an out¬line of the Credited Hours
received on your behalf. This annual statement also shows your Individual Account Plan balance as of the end of the prior year.
If you are vested, you may call the West Coast Plan Office Pension Department, 855.275.4674, and request a Benefit Estimate
statement, which will show your potential monthly benefit from the Pension Plan under the options available at normal
retirement age. Please keep in mind that these are estimates of your benefits, and they will be verified upon retirement.
In order to vest in the Motion Picture Pension Plan (MPI) you must:
You must work 400 credited hours in a Computation Year to earn a Qualified Year, which is equal to a vested year.
In order to vest in the Pension Plan you must have earned 5 vested years.
Once you become vested, you cannot lose the benefits you have earned.
Individual Account Plan
In order to vest in the MPI Individual Account Plan (IAP) you must:
Have earned 400 Credited Hours in a single Computation Year, and
Have at least one Credited Hour on or after August 1, 2000.
If the Participant incurs a Break in Service before completing their one Credited Hour, they will not Vest until they earn 400 Credited Hours in a single Computation Year after December 25, 1999, and have at least one Credited Hour on or after August 1, 2000
Before Retirement: You may designate anyone you wish as your Beneficiary by completing a Designation of
Beneficiary Form for Pre-Retirement Death Benefits. (Click here for the form). However, if you are married, your
spouse or Qualified Domestic Partner must consent, in writing with his/her notarized signature, to the person you
select. You may designate more than one person as Beneficiary. You may also designate a trust or your estate as
Beneficiary. In all cases, you should be sure to provide information as to whom to contact and, if you name more than
one Beneficiary, how the benefits should be divided. If you have any questions or would like beneficiary designation
forms, please contact the Administrative Office.
After Retirement: The Retirement Benefit election tells MPI which Benefit Payment Option you have selected
and who you have designated as your beneficiary. This decision cannot be changed once you retire. If you elected
any of the Joint & Survivor Annuity Options (with or without Pop-up), you cannot change your Beneficiary (called a
Joint Annuitant), even if your Joint Annuitant dies or if you get divorced.
You may not withdraw pension contributions if you are vested. However, if you are not vested and have Employee
Contributions (including UV & HP plus any interest accrued) in the Pension Plan, you may withdraw these
contributions plus interest if you leave the Industry for a minimum of three months or if you have a Break in
Service. The withdrawal requires submission of a completed Withdrawal form to the Plan Office. Under certain
circumstances you may withdraw UV & HP even if you are vested. In any case, it is important to keep in mind that
you will forfeit your pension benefits if you withdraw your Employee Contributions.
You must furnish proof of your date of birth when you retire. If you are married, proof of your spouse’s date of
birth and marriage certificate must also be furnished. In addition, you must provide all divorce and/or death
certificates for all previous spouses, if applicable.
The Plans will notify you at your current address on record following a Break in Service.
(See Break in Service rules in your SPD.)
Please see Garnishment or Assignment of your Pension Benefits, page 7 of your SPD.
Pension Plan benefits must normally be taken in the form of an annuity. However, if the present
value of your monthly benefits is more than $5,000 but not more than $10,000, the entire value
may be taken as a single lump sum (with spousal consent, if you are married). If the present
value of your monthly benefits is $5,000 or less, the entire value will automatically be paid
to you in a single lump sum.
Individual Account Plan benefits may be selected in a lump sum or as an annuity. If your account
balance is $5,000 or less, it will automatically be paid in a lump sum.
Although there have been a number of pension increases for Retirees in the past, the Directors
are under no legal obligation to increase the retirement benefit of Pensioners and beneficiaries.
The calculations are based on your age at the selected retirement date. Your monthly pension benefit
will not change because you get older.
(See pages 28 and 34 of your Summary Plan Description)
Your pension check will be mailed to you at the end of each month for the following month. If you have
direct deposit, your pension payments will be electronically transferred to your bank account by the
first of each month. (See page 39 for Individual Account Plan benefit payment options in your SPD.)
Benefits are not paid retroactively. The only exception is a Disability Retirement Pension and when
appropriatemonthly benefits in the Individual Account Plan.
As an alternative to the U.S. Postal Service, you may wish to have your monthly pension payments directly
deposited to your bank account. The Plans use a method called an Electronic Fund Transfer. Simply call
the Plan Office for a Direct Deposit Authorization Form. Submit your completed form with a voided check
of the checking account desired. (If you directly deposit to a savings account, you will need a routing
number from your bank and your account number.) Processing your direct deposit takes approximately one
month. You’ll enjoy your direct deposit starting the following month.
The Plan Office is a separate entity from any Local or Studio. When you move, please remember to provide
the Plan Office with your change of address.
If you participated in Pension Funds prior to their merger into these Plans, certain additional special
rules apply to you. A notice was previously sent to you explaining these rules. Please call the Plan
Office if you have questions regarding these special rules. Please check the back pocket of your copy
of the Summary Plan Description for an Appendix containing additional rules pertaining to your group
of merger Participants.
You may work through the end of the month before the month in which you retire.
For the first two months commencing on the date you retire, you may not work for a
contributing employer under any job classification which requires contributions be made
to these Plans on your behalf. Thereafter you may work in the industry under certain
circumstances, although this may result in a forfeiture of your pension benefits.
(See Re-employment of Retired Participant in your
It is possible to gain additional credit under certain circumstances. Please see
pages 24 and 38 regarding Re-employment of Retired Participants in your
Summary Plan Description.
See page 30 for the Pension Plan, and page 39 for the IAP in your Summary Plan Description.
There may be, depending on the type of benefit chosen and the amount of benefits already paid. See Types of
Pension Payments on page 21 and Death Benefits After Retirement on page 30 in your SPD.
A family member or other person responsible for the active Participant’s affairs should promptly notify the
Pension Department at the West Coast Office by calling 855.275.4674
A family member or other person responsible for the retiree or beneficiary’s affairs should do the following:
Promptly notify the Pension Department at the West Coast Plan Office by calling 855.275.4674
If monthly benefits were being paid via direct deposit, the Plan will recover any overpayment (i.e., payments
made for any month after the retiree or beneficiary died)
If the benefits were being paid by check, you must return any checks received for any month after the retiree
or beneficiary died, to the Pension Department as soon as possible. Please do not send cash.
Have your legal representative contact the Plan Office in regard to filing a joinder and to obtain a copy of the Plans'
Qualified Domestic Relations Order Procedures and a sample Qualified Domestic Relations Order, which may be obtained
without charge. Contact the Pension Department, 855.275.4674
Please consult your tax advisor.
Each person who receives benefits is sent a 1099R before February 1 following the year of payment.