The MPIPHP, which provides benefits to many union members in entertainment, is crediting certain participants with additional qualifying hours for health insurance and allowing them to make a single 'hardship withdrawal' from their retirement plans.
To qualify, workers must be enrolled in the Plan prior to their benefit period and pay health premiums. “MPIHP is in the process of identifying eligible Participants and implementing the credit/grant of hours,” IATSE Local 600 wrote in an email announcing the changes to members. “Participants who are eligible will receive a letter informing them of the hours that have been credited/granted.”
Moreover, MPI is allowing members to make a single “hardship withdrawal” from their defined contribution retirement plan starting September 1. Participants can withdraw up to 20 percent of their 2022 account balance, an amount that cannot exceed $20,000. The onetime withdrawal offer will expire on Dec. 31, 2023, Local 600 told its members.
The MPIPHP’s board is divided equally between representatives of the Alliance of Motion Picture and Television Producers — including AMPTP president Carol Lombardini and HBO’s evp
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