Covid-19 pandemic 2020

DGA Retirees To Receive Additional Monthly Check Due To Well-Funded Pension Plan

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Thousands of DGA retirees and their beneficiaries will be receiving a 13th pension check later this month on top of their regular monthly benefits.Trustees of the DGA-Producer Pension and Health Plans, who approved the additional payment, said it was made possible “because the DGA prioritized the long-term health of the pension plan in collective bargaining where it achieved hard-fought pension gains, and because of the Basic Plan’s strong investment returns that greatly exceeded projections.” The trustees noted that the Basic Plan remains well-funded and in the healthy “Green Zone,” as measured by the Pension Protection Act.“Surprisingly, and contrary to early and mid-year forecasts, the Plans’ investments ended 2020 very well, despite the

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