SAG-Producers Pension Plan Benefits

Vested Pension

Vested pension (normal retirement age rule)

Age

Age 65 or older

Service and other

Normal retirement age and active

Basic benefit

Same as regular pension, except minimum $220 monthly benefit does not apply.

Forms of payment

  • Five-Year Certain
  • Ten-Year Certain Option
  • Joint and Survivor Pension (50%)
  • Joint and Survivor Option (75%) effective 1/1/2008
  • Joint and Survivor Option (100%)
  • Pop-Up Options
  • Partial Lump Sum Option

Reduction factors: All forms of payment except the Five-Year Certain are reduced. For more information, contact us.

Conditions that may result in loss of some or all benefits

Permanent break-in-service

Limited five-year vested pension

Age

Age 65 or older

Service and other

  1. Five pension credits without a permanent break-in-service; and
  2. Passing the activity test

Basic Benefit

Same as regular pension, except minimum $220 monthly benefit does not apply.

Forms of Payment

  • Five-Year Certain
  • Ten-Year Certain Option
  • Joint and Survivor Pension (50%)
  • Joint and Survivor Option (75%) effective 1/1/2008
  • Joint and Survivor Option (100%)
  • Pop-Up Options
  • Partial Lump Sum Option

Reduction factors: All forms of payment except the Five-Year Certain are reduced. For more information, contact us.

Conditions that may result in loss of some or all benefits

Permanent break-in-service