SAG-Producers Pension Plan Benefits

Retirement

Retiring

  • At age 65, which is the Plan’s Normal Retirement Age, you may begin receiving your pension without a reduction in benefits.
  • If you retire before 65, your accrued monthly pension benefit will be reduced by .25% for each month you are younger than 65.

Return to work after retirement

  • Before age 65, if you return to work in the type of employment covered by the Plan, you must notify the Plan within 15 days following the end of the month in which your sessional earnings are equal to at least 7 days multiplied by the minimum day-player rate under the TV and Theatrical Agreement, rounded up to the next $100.
  • Before age 65, your pension will be suspended if your employment is covered by the Plan and your sessional earnings in a calendar month are equal to or exceed 7 days multiplied by the minimum day player rate under the TV and Theatrical Agreement, rounded up to the next $100.
  • Once you have stopped working, your pension will begin again in the same amount you were receiving prior to the suspension. At the end of the calendar year, your total earnings (including residuals) will be reviewed. If your total earnings are greater than the minimum amount required to earn a Pension Credit, you will receive an increase in your pension for these earnings, starting at age 65. If your total earnings are less than the minimum earnings requirement, any pension payments that were suspended will be returned to you.
  • After age 65, there are no employment restrictions.