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5-1-2020 Individual Account Plan Hardship Withdrawal

One of the many plan changes by Motion Picture Industry Pension and Health Plans (MPIPHP) due to the COVID-19 pandemic, was to approve a one-time hardship withdrawal from your IAP.

The Trustees of the Plans have been working to lessen the impact on members. 

For some, this isn’t something they want to dip into, for others, it is a lifeline. 

But for everyone, it’s part of your retirement funding. 

This is not something you want to do lightly.

5-1-2020 Post-COVID-19 restarting of the entertainment industry.

 

International President Loeb has been in discussions with labor leaders from other unions, studio heads, theater owners, promoters, government officials, the IATSE General Executive Board and Department Directors, and many of you regarding the post-COVID-19 restarting of the entertainment industry. He called upon the IATSE Crafts Advancement Program (ICAP) to create a set of uniform guidance documents for our union on returning to work safely in the age of COVID-19.

4-28-2020 IAP withdrawal application deadline

  Just to remind everyone, this Friday May 1, 2020, applications will be made available for the one time IAP hardship withdrawal. 

Below you will find the parameters for applying. 

Individual Account Plan Hardship Withdrawal Participants who are vested in the Motion Picture Industry Individual Account (“IAP”) as of the year ended December 2019 may apply for a one-time only special early withdrawal of an elected amount of need of up to 20% of their 2018 IAP account balance but not to exceed a maximum dollar limit of $20,000.

4-22-2020 IATSE Priorities for Subsequent COVID-19 Relief Legislation

To help support the Entertainment Industry’s professional workers, the International Alliance of Theatrical Stage Employees (IATSE) are urging congress to prioritize certain items in subsequent COVID-19 relief packages. One of the first priorities on the IATSE’s list is to require the Occupational Safety and Health Administration to issue an Emergency Temporary Standard to protect those performing essential work in news and media- such as converting facilities into field hospitals – from occupation exposure to infectious diseases, including COVID-19.

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IATSE, Local 728

Studio Electrical Lighting Technicians

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Burbank, CA 91506

(818) 954-0728

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