What is the Iatse annuity fund?

What is the Iatse annuity fund?

I.A.T.S.E. Annuity Fund encourages and assists participants by providing additional financial security at retirement. While there are provisions for withdrawal options they are secondary to the primary objective of retirement income.

Does IATSE have benefits?

The IATSE National Benefit Funds include the Pension, Annuity, Health & Welfare, and Vacation Funds. Employees and employers participate in one or more Funds, depending on the terms of their Collective Bargaining Agreement.

What is Iatse National health and Welfare Fund?

The IATSE National Benefit Funds are trust funds established by the IATSE through collective bargaining with various entertainment industry employers.

Does Iatse offer health insurance?

Each plan has a quarterly cost to participate. There are four levels of health care coverage as well as a medical reimbursement plan. IATSE 748 participates with the NBF Plan C. Within Plan C, there are plans C-1, C-2, C-3, C-4 which align with the Affordable Care Act Platinum, Gold, Silver, and Bronze plans.

What is annuity with example?

An annuity is a series of payments made at equal intervals. Examples of annuities are regular deposits to a savings account, monthly home mortgage payments, monthly insurance payments and pension payments. Annuities can be classified by the frequency of payment dates.

How many Iatse locals are there?

Within the US and Canada, there are more than 375 IATSE local unions among 13 geographical districts, whose members make up the rank and file of the IATSE. The IATSE local unions are organized to represent workers by geographic and craft jurisdiction.

How does an annuity work after death?

After an annuitant dies, insurance companies distribute any remaining payments to beneficiaries in a lump sum or stream of payments. It’s important to include a beneficiary in the annuity contract terms so that the accumulated assets are not surrendered to a financial institution if the owner dies.

What is an IATSE yellow card?

Yellow Card Shows are, simply, shows that carry an all-IATSE crew and are a union tour. The first shows to travel under this arrangement were covered under District 1 (Northwest USA), and a bond was posted with the International to guarantee transportation home and two weeks’ pay for suddenly closed shows.

Can IATSE members work non union?

Yes, you can work both union and non-union jobs while you are a member of IATSE. But you need to make sure to maintain the minimum number of hours per period from a union project.