The WGA said today that it’s seeking increased streaming residuals and added protections for the guild’s benefit plans to prevent future pension cuts
, which started negotiations for a new film and TV contract Monday, said today that it’s seeking increased streaming residuals and added protections for the guild’s benefit plans to prevent future pension cuts. On Wednesday, the guild said that it’s alsoin its ongoing bargaining with management’s Alliance of Motion Picture & Television Producers.
The guild also sent members a video explaining how its pension plan works and how federal laws have put pressure on all multi-employer pension plans. The guild also noted that “In 1960, striking writers sacrificed in order to create the pension plan WGA members rely on today.” “Now, we need to secure additional funding from our employers in order to put our pension plan on strong enough financial footing to weather this market downturn and preserve pension benefits for future retirees. Currently, our employers contribute 8.5% of our compensation to the plan, which totals almost $150 million annually.
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