Sag producers pension plan

What is a SAG pension?

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.

How do you qualify for SAG?

Employment Under an Affiliated Performers’ Union

Performers may join SAG-AFTRA if the applicant is a paid-up member of an affiliated performers’ union such as ACTRA, AEA, AGMA or AGVA for a period of one year, and has worked and been paid for at least once as a principal performer in that union’s jurisdiction.

How much do you need to earn to qualify for SAG insurance?

You must earn at least $35,020 in Covered Earnings in your Base Earnings Period to receive Earned Eligibility for Plan I health coverage.

What are the benefits of joining SAG?

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.

Do actors get pensions?

Although the unions merged in 2012, the SAG and AFTRA pension/retirement plans remain separate, so even the recent years of hosting would be considered “AFTRA work” for pension purposes, despite the fact that the union is now SAG-AFTRA. … And pensions are payable starting at age 65 even to people who continue working.

How much does sag cost?

To join SAG, a performer must pay an initiation fee plus the first semi-annual basic dues. The national initiation fee rate is currently $3,000 (initiation fees may be lower in some areas). Annual base dues are $201.96. In addition, work dues are calculated at 1.575 percent of covered earnings up to $500,000..

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What is the SAG minimum pay?

New Media SAG Agreement – $700k – $1MM

If your project falls between $700,000 and $1,000,000, the minimum you’ll have to pay SAG talent is either $630 per day, or $2,190 per week.

How much do SAG extras get paid?

Session Payment

Commercial extras earn $45.80 an hour for the first eight hours that they work. Extras who must work more than eight hours are entitled to overtime pay. Extras receive time-and-a-half for the ninth and tenth hours that they work, and double-time for all hours they work after.

How does SAG health insurance work?

Under the SAG-AFTRA Health Plan, you automatically qualify for family coverage when you qualify for either Plan I or Plan II coverage. To cover your family, you only need to pay a slightly higher premium than you would pay for individual coverage.

How long can you be SAG eligible?

30 days

Can a SAG actor work for free?

SAG-AFTRA members cannot accept an acting role in any studio, independent, low-budget, pilot, experimental, non-profit, interactive, educational, student, or ANY production, unless that producer has signed a Contract or Letter of Agreement with SAG-AFTRA.

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