Pension Fund History
The Producer-Writers Guild of America Pension Plan (Pension Plan) started on March 31, 1960 with an initial funding of $600,000. It has grown to over $2.1 billion in assets. Pension benefits were paid from the very beginning. The Pension Plan started with a formula factor of 10%. Today that factor is 48.3%, an increase of 383% over time. Initially there were seven Retirement Benefit Options; now twelve Options are available.
The philosophy of the Pension Plan is that the pension benefit paid to each Participant should correlate to the money he or she earned from employment covered by the WGA collective bargaining agreement(s). Today more than 3500 pensioners receive a monthly benefit. For over fifty years, the Plan has maintained its funding status to provide for future benefits.