IATSE Revises Health Plan to Allow Emergency Withdrawals

Labor News, Industry News, Guild News

Reprinted from The Hollywood Reporter by Carolyn Giardina on March 26, 2020.

The Motion Picture Industry Pension and Health Plan — the plan used by all IATSE members including cinematographers, editors, production designers and sound professionals — has been temporarily revised to aid members as they navigate through the coronavirus crisis.

Notably, these changes include a waiver of next quarter’s premium co-pays for active participants and the ability to make a one-time emergency hardship withdrawal from Individual Account Plans.

Motion Picture Editors Guild (Local 700) national executive director Cathy Repola outlined these revisions in a message sent to members on Wednesday. But she also warned: “For those that need immediate relief, it is good to have this as an option. However, you will be withdrawing money that was contributed by your employers to afford you a significant retirement benefit. Please do not make this decision lightly.”

This one-time hardship withdrawal must be made between May 1 and July 31. …

THR 3/26

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About Jeffrey Burman 5298 Articles
Jeff Burman served on the Guild’s Board of Directors from 1992 to 2019. He is now retired. He can be reached at jeffrey.s.burman.57@gmail.com.

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