Guilds’ Pensions Hit by Market Drop

Apr 1, 2009  •  Post A Comment

The three Hollywood guild pension plans may need to tighten eligibility and reduce benefits after significantly losing value in the market last year, Daily Variety reports. The Screen Actors Guild’s plan dropped 22.7% to $2.1 billion, while the Directors Guild of America saw its basic pension plan drop by 26.6% and the Writers Guild of America hasn’t disclosed its 2008, the trade paper said. The SAG plan said on its Website Tuesday that it will be cutting costs, without elaborating, Variety reports.
—Aimee Picchi

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