From the Directors of the Producer-Writers Guild of America Pension Plan

To All Participants:

We are happy to provide you with this new booklet explaining your improved Pension Plan as in effect January 1, 2002. All changes since the last booklet was printed have been incorporated, including the description of the important benefit improvements for all eligible Participants through January 1, 2002, and all amendments through Amendment I.

We have tried to clearly explain the Plan, but it is a complicated document, mostly because the Plan operates under a large number of precise and detailed rules. Some of these rules are mandated by the federal government and some have grown up over the 40 years that the Plan has been in operation. They are intended to cover a wide variety of conditions which affect participants in a complex industry with many different working relationships.

In light of this, if the facts and circumstances of a particular situation occurred before January 1, 2002, the Plan’s provisions in effect at the time the situation occurred must be applied. Those provisions may be different from those described in this booklet. In addition, while we do not believe there are any inconsistencies between this summary and the actual Plan document, in the event of any such inconsistencies, the Plan document will govern.

If you have questions about the Plan and how any rule affects you or your beneficiaries, call, or better still, write to the Administrative Office for help.

Please bear in mind that, for your protection, only the full Board of Directors (acting as a Board or, in some cases, through its Committees) is authorized to interpret the Plan and make factual determinations concerning eligibility for benefits. Information you may receive from the Guild or individual producers, lawyers, agents, fellow writers, or others, should be regarded as well-meant but not official. Any information or opinion concerning your rights under the Plan, to be official, must be communicated to you, in writing, and signed on behalf of the full Board of Directors (or the appropriate Committee).

Be sure that the Administrative Office has your correct current mailing address and if you have not designated a beneficiary, please do so now.

We hope that you will find this booklet helpful and that you and your family will enjoy the protection of the Plan for many years to come.

Sincerely,
Board of Directors