Union Pension Plans

Below find the pension plans both automatic and optional available to all members of The Animation Guild.

DEFINED
BENEFIT PLAN

INDIVIDUAL
ACCOUNT PLAN
(IAP)

TAG 401K PLAN

What is it?

A pension plan that will pay you a set monthly check
after retirement.

An account in which money is deposited, which builds up over time.

An optional savings plan allowing members to make tax-deferred savings contributions.

Who puts money into it?

The employer.

The employer.

You (participation is voluntary).

How much money goes into it?

$1.2665 for every
hour worked.

•6% of the weekly minimum rate, plus

•A portion of residuals and supplemental markets, plus

•Unclaimed vacation and holiday pay.

At the participant’s choice anywhere from 2% to 40% of your weekly check.

Contributions to 401(k)s have a cap set annually by the IRS. Participants over 50 can contribute additional amounts also capped annually by the IRS.

When will I be vested?

After five qualified years (at least four hundred hours per year). Since all our plans are multi-employer, the time spent at any union shop counts towards your vesting.

After one qualified year (at least four hundred hours).

Immediately.

What will I collect when I retire?

The “defined benefit” is based on the total number of qualified years and hours that you worked in the industry. The more years and hours you work, the higher your monthly check at the time you retire.

The IAP is paid as a single lump-sum payment or “roll-over” at the time of retirement. You get out what you put in, plus interest and a percentage of the “pot” (residuals, supplemental markets, etc.)

Participants enjoy substantial tax savings on a year-to-year basis. Payments are paid out at retirement, similar to the IAP (see left).

Who should I call for more information?

(818) 769-0007,
(310) 769-0007
or toll-free (888) 369-2007.

(818) 769-0007,
(310) 769-0007
or toll-free (888) 369-2007.

(818) 845-7500 (the union office); ask for
Marta Strohl-Rowand.

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