- With a plan funded ratio of 39.02% Trump may soon be voting like an ironworker.
- The plan terms call for benefits nowhere near what Trump is getting.
From the latest 5500 filing:
Plan Name: Screen Actors Guild – Producers Pension Plan
Total participants @ 12/31/15: 59,359 including:
- Retirees: 12,811
- Separated but entitled to benefits: 19,969
- Still working: 26,579
Asset Value (Market) @ 1/1/15: $3,214,904,514
Value of liabilities using RPA rate (3.51%) @ 1/1/15: $8,239,219,011 including:
- Retirees: $2,786,557,150
- Separated but entitled to benefits: $2,289,445,073
- Still working: $3,163,216,788
Funded ratio: 39.02%
Unfunded Liabilities as of 1/1/15: $5,024,314,497
Asset Value (Market) as of 12/31/15: $3,116,558,474
As for Trump’s $168,584 annual benefit, unless this is another exaggeration, even though we have no information on his salaries or pension credits or years of service, we do have this excerpt from the plan’s 5500 attachment:
That comes to $96,000 as the maximum possible annual benefit and you need 35 years of service to get that. The average SAG retiree gets a pension of $18,950 ($242,767,903 / 12,811) and presumably, for most of them, it did come from a second job.