Get MPIPHP Motion Picture Industry Pension & Health Plans Form 3 2018-2024

After satisfying the initial eligibility requirement of 600 work hours in one six-month qualifying period or two consecutive qualifying periods, Participants must work at least 400 hours in subsequent qualifying periods to maintain health benefits during the corresponding eligibility period.

As an eligible Participant, you have an extensive package of benefits available to you. These benefits include comprehensive medical, prescription drug, vision, dental and life insurance, as well as a behavioral health and wellness program.

Questions? If you have any questions, please email MPI's Participant Services Center at service@mpiphp.org . If you prefer, you may send a fax to (818) 766-1229 or call toll-free (855)-ASK-4MPI / (855)-275-4674, from 8 a.m. to 5 p.m. PST, Monday through Friday.

Participants to the MPI Pension Plan participate in two Pension Plans funded by your employer. The longer you work under a union contract, the more contributions your pension will receive and the more benefits you will have. The two plans are the Defined Benefit Plan (DB) and the Individual Account Plan (IAP).

Pension plans require your employer to contribute money to your plan as you work. Once you retire, you earn the accrued pension money divided into monthly checks. In most cases, a formula determines the amount you receive. Some of the formula variables include your age, compensation and years of service to the company.

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.

To qualify for healthcare insurance coverage through the MPIPHP, you must first be credited with 600 hours of work within a 6-month qualifying period. Contributions are made on the basis of 60 hours of work per week.

Multipliers are sometimes known by other terms, such as “accrual rate” or “crediting rate” but they mean the same thing. A typical multiplier is 2%. So, if you work 30 years, and your final average salary is $75,000, then your pension would be 30 x 2% x $75,000 = $45,000 a year.

After satisfying the initial eligibility requirement of 600 work hours in one six-month qualifying period or two consecutive qualifying periods, Participants must work at least 400 hours in subsequent qualifying periods to maintain health benefits during the corresponding eligibility period.

As an eligible Participant, you have an extensive package of benefits available to you. These benefits include comprehensive medical, prescription drug, vision, dental and life insurance, as well as a behavioral health and wellness program.

Questions? If you have any questions, please email MPI's Participant Services Center at service@mpiphp.org . If you prefer, you may send a fax to (818) 766-1229 or call toll-free (855)-ASK-4MPI / (855)-275-4674, from 8 a.m. to 5 p.m. PST, Monday through Friday.

Participants to the MPI Pension Plan participate in two Pension Plans funded by your employer. The longer you work under a union contract, the more contributions your pension will receive and the more benefits you will have. The two plans are the Defined Benefit Plan (DB) and the Individual Account Plan (IAP).

Pension plans require your employer to contribute money to your plan as you work. Once you retire, you earn the accrued pension money divided into monthly checks. In most cases, a formula determines the amount you receive. Some of the formula variables include your age, compensation and years of service to the company.

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.

To qualify for healthcare insurance coverage through the MPIPHP, you must first be credited with 600 hours of work within a 6-month qualifying period. Contributions are made on the basis of 60 hours of work per week.

Multipliers are sometimes known by other terms, such as “accrual rate” or “crediting rate” but they mean the same thing. A typical multiplier is 2%. So, if you work 30 years, and your final average salary is $75,000, then your pension would be 30 x 2% x $75,000 = $45,000 a year.