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FAQ

The answers to frequently asked questions below are general in nature and do not modify the terms of their respective Plans. You should refer to the related Summary Plan Description for more specific information regarding each Fund's Plan.

Top Frequently Asked Questions

Why has the CAPP account forfeiture process changed?

Because Plan C runs on a quarterly basis, the Trustees decided that forfeitures should also be run quarterly instead of annually to better comport with the Plan.  We will look at the prior eight (8) coverage quarters, or 24 coverage months, (before statements for the prospective coverage quarter are generated) to determine if there was ‘activity’ in the CAPP account.  The definition of ‘activity’ is not changing; ‘activity’ means coverage in an active option (A, C1, C2, C3, or C4), submission of a covered claim for medical reimbursement, or an employer contribution to the Plan.  If there was ‘activity’ in any of the 8 prior coverage quarters then the account balance remains.  The absence of any one of the three types of activity will cause a forfeiture of the CAPP account balance to general Plan assets. 

When are benefit checks issued?

As soon as practicable after May 1st of each year.

Why has the active test for those on Medicare changed from one quarter of C3 single coverage to one quarter of C4 single coverage in employer contributions?

Under Medicare’s secondary payor rules a person who is enrolled in Medicare but continues to work (is no longer considered retired and is considered active, as defined by Medicare) and who has group coverage available to them may not use Medicare as their primary coverage and use the group coverage (such as Plan C-MRP) as secondary to Medicare.  (As explained below, you can waive Plan C coverage and stay on Medicare).  The Fund’s definition of ‘active’ for such participants is if they work and have employer contributions received in a contribution test quarter that equal or exceed the Plan’s lowest cost coverage.  Since C4 will be the lowest cost coverage as of January 1, 2015, the cost of C4 individual coverage will be used to determine who is active.  A participant who meets the active test must enroll in active coverage and freeze any retiree medical reimbursement monies they may have, or the Fund will enroll them in C4 coverage absent an active election for any other coverage option.  They will be given the right to waive their active Plan C account so they do not have to give up Medicare as their primary coverage for the prospective quarter but their retiree medical reimbursement account will continue to be frozen for the prospective coverage quarter since they met the active test.

Can I make salary deferred contributions (401k) to the Plan?

Yes, in some instances. You may make pre-tax contributions from your eligible earnings up to the maximum amount allowed by law provided the employer contribution made on your behalf, while in covered employment, is 3% or more of your wages. Please check with your Local Union or your Employer to make sure that you are eligible to make contributions. IRS limits on the amount you can contribute are in the Annuity Fund Summary Plan Description Booklet.  In addition, for those working in the Motion Picture Industry under applicable collective bargaining agreements, can make pre-tax salary deferrals as well.  

Why will the Fund Office discontinue issuing revised CAPP account statements?

With the launch of our new ‘real time’ website and its available mobile app, CAPP Account balance information is now more readily available, especially for those participants who are on the road.    CAPP balances, primarily for those enrolled in the Stand-Alone MRP option of Plan C, can change often, as claims for reimbursements are paid.  It is confusing to our participants to discern which balance on the various statements should be used to make prospective coverage quarter decisions.  By using our website, or our interactive phone response system, or our newly improved service center dedicated e-mail address, up to the minute information is at their fingertips.  Multiple statements via US mail can get delayed, lost, or ignored.  So, the Fund Office will issue a statement as it normally does and we strongly encourage you to to check on-line or with the Fund Office before they make a change or issue a co-payment based on their statement balance.  Using our on-line credit card payment system can help assure you that you are making a co-payment with your most updated balance

Is there a time limit within which the check must be cashed?

Yes. If you do not cash your check within 24 months, or if you haven’t given us your current address and we cannot locate you, checks issued and un-issued account balances will be forfeited.  We encourage you to have your check direct deposited to your bank so that it reaches you timely.  You can obtain the form on this website. 

Who is the Annuity Fund Plan Administrator?

The Annuity Fund is administered jointly by a 14 person Board of Trustees made up of an equal number of Union and Employer appointees. The Trustees are not compensated for the performance of their duties and have the full power and authority to administer the Plan, construe the terms and provisions and to establish all Plan rules and regulations. The Trustees employ an Executive Director to perform all day to day administrative functions of the Plan.

How do I sign up for salary deferred contributions?

Salary deferral forms are available from the Fund office or on this site. You must complete a form for each employer you work for and the Fund Office must receive its copy of the form before your contributions can be accepted.

When was the Annuity Fund established?

The IATSE National Annuity Fund was initially established on January 1, 1973.

Do I need to file an application for Vacation benefits?

No. Payments are automatically made each year to the last address on file at the Funds office. Do not assume if you changed your address with your Local Union or the International that the Fund Office has your current mailing address. It is important to notify us of any changes. Use this site to update your address, your beneficiary or complete a direct deposit form for fastest receipt.  


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