The way an AFTRA Retirement participant accrues a pension was changed 10 to 15 years ago… From a percentage of EARNINGS to a percentage of the Employer Contribution.
In the last TV/Theatrical Agreement, a new thing happened.
This is where a percentage of a wage increase is moved over from going into the Member’s pocket, to becoming an increased employer contribution. That’s not unusual.
What IS unusual is. . . The increase in the AFTRA Retirement Contribution is now not realized by the individual participant. Their wage increase is invaded to increase the contribution, but the participant doesn't get the Retirement increase. It’s given straight to the Plan.
The SAG Pension Plan accrues differently.Read More