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After satisfying the initial eligibility requirement of 600 work hours in one six-month qualifying period or two consecutive qualifying periods, Participants must work at least 400 hours in subsequent qualifying periods to maintain health benefits during the corresponding eligibility period.

You can: take a pension annuity and receiving a monthly check; or, if your employer allows, take a lump-sum distribution, which you will need to invest and manage: lump sums can be rolled into an IRA, where you are taxed only on money you decide to take out.

I have a new dependent and need to add him/her to my coverage. You need to complete a new beneficiary/enrollment form. Mail this form to the Studio City Plan Office with a copy of the marriage/birth certificate (or hospital record), and we will add your dependent.

The Motion Picture Industry Individual Account Plan is a defined contribution plan that provides participants with either a lump sum payment or a monthly benefit. It is completely Employer-funded and the amount of a participant's benefit will be their account balance at the time of retirement.

Average MPi hourly pay ranges from approximately $12.00 per hour for Administration Manager to $28.00 per hour for Local Driver.

combined total of at least 600 hours in two consecutive Qualifying Periods. Your benefits will start at the beginning of the Eligibility Period that follows; after that, your eligibility will only be reviewed when your benefits are set to expire.

Multipliers are sometimes known by other terms, such as “accrual rate” or “crediting rate” but they mean the same thing. A typical multiplier is 2%. So, if you work 30 years, and your final average salary is $75,000, then your pension would be 30 x 2% x $75,000 = $45,000 a year.