MAGGIE'S CORNER
When Is a Year Not a Year?
by Maggie Ostroff
 Maggie Ostroff |
Give up? When it’s being figured out for your pension hours! We all know (or I hope we do) that a qualified year for those participating in the Motion Picture Industry Pension Plan is 400 hours of work. They do not have to be consecutive hours.
However, the year is not figured from January 1 through December 31. The Pension Plan year starts the Sunday before the last Thursday of the previous year, and ends on the Saturday before the last Thursday of December of the current year.
So the 2006 dates are from December 25, 2005 to December 23, 2006. The 2007 dates will be from December 24, 2006 to December 22, 2007. You have to figure your hours using those dates. Mark your calendars.
And, yes, I will remind you of this again next year!