EXCLUSIVE: Rosy projections that the underfunded Motion Picture Industry Pension Plan will be 100% funded by 2032 already have hit an early speed bump. That projection, made earlier this year by the Plan’s actuary, was based in part on the $3.8 billion retirement fund achieving a 7.5% return on investments – … Read entire story.
Source: Deadline
Cathy Repola, the national executive director of the Editors Guild, has fired back at IATSE president Matt Loeb, who earlier today accused her of having “violated federal labor law” by taking part in the union’s recent negotiations for a new film and TV contract. “I grew up in an IATSE … Read entire story.
Source: Deadline
In what could be a precursor to placing IATSE Editors Guild Local 700 into trusteeship, IATSE president Matthew Loeb has fired off a blistering letter (read it here) accusing Local 700 executive director Cathy Repola of violating federal labor law, of waging a “propaganda campaign” against ratification of the union’s new film … Read entire story.
Source: Deadline
Funding of the $3.8 billion pension plan covering members of IATSE’s West Coast studio locals has dipped closer to “critical status” for a fourth year in a row, but the plan’s long-term prognosis is good, according to Mike Kaplan, the plan’s actuary. As of January 1, 2017, the Motion Picture Industry … Read entire story.
Source: Deadline
Today’s tentative agreement on a new IATSE film and TV contract is being recommended for membership ratification by leaders of 12 of IATSE’s 13 Hollywood locals, including two of its three national locals – Cinematographers Guild Local 600 and Art Directors Guild Local 800. Only the Editors Guild Local 700 is opposed. In a communique … Read entire story.
Source: Deadline