$4 Billion SAG Pension Plan “In Good Financial Health,” Officials Say
David Robb Labor EditorThe $4 billion SAG-Producers Pension Plan is “currently healthy and it is projected to remain healthy in the future,” Plan officials say, despite this year’s drop in employer contributions due to the coronavirus shutdown.Last year, more than 14,000 participants and their beneficiaries received nearly $285 million in benefits – more than three times the $124 million paid out in 2003. In 2019, employer contributions to the Plan came in at nearly $300 million – $15 million more than was paid out last year in benefits.“The plan is in good financial health,” Plan actuary Cary Franklin said during a recent webinar for SAG-AFTRA members.