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Health Fund

All articles tagged with #health fund

entertainment1 month ago•16 min saved

WGA Approves Four-Year Deal Amid Health-Coverage Changes

The Writers Guild of America ratified a four-year contract with major studios, agreeing to significant cuts in the writers’ health plan—including higher premiums, deductibles, and out-of-pocket maximums—and a rollback of the extended coverage points system. The health fund is being stabilized with about $321 million in contributions over four years. The deal preserves most staffing rules and increases in residuals, with AI talks continuing; SAG-AFTRA negotiations are expected to follow.

via Variety|

#amptp #contract #entertainment

entertainment1 month ago•19 min saved

WGA Seals Four-Year Pact With AMPTP, Averting Short-Term Disruption

Writers Guild of America members approved a four-year contract with the AMPTP by 90.38% amid a turnout lower than 2023. The deal includes a $321 million infusion to restore the Writers Guild Health Fund’s solvency, employer-contribution boosts, and gains in wages and residuals, plus limited AI safeguards, in exchange for some health-policy rollbacks and a longer term than the guild initially preferred. With SAG-AFTRA and the DGA still negotiating, and WGA staff continuing their strike, the industry remains in a charged negotiating climate.

via Deadline|

#amptp #contract #entertainment

entertainment1 month ago•19 min saved

WGA Deal Pumps $321M into Health Fund, Uplifts Residuals, and AI Talks

The Writers Guild of America struck a four-year agreement with AMPTP that injects $321 million into the health fund to shore up coverage amid rising costs, boosts streaming residuals (with a higher 75% “success bonus” for top shows), raises minimum rates, and adds an AI-usage framework while preserving most staffing terms; writers will face higher premiums, deductibles, and out-of-pocket costs, a reform of extended coverage, a new Centivo option, and a higher earnings threshold for coverage, with ratification votes running April 16–24.

via Variety|

#amptp #artificial-intelligence #entertainment

business5 months ago•7 min saved

Audit Highlights Urgent Need to Address City Employee Health Fund Insolvency

An audit reveals that New York City's Employee Health Insurance Stabilization Fund is billions of dollars in debt and recommends dissolving it, citing misuse of funds and insolvency, with ongoing disputes between city officials and unions over its management and purpose.

via THE CITY - NYC News|

#audit #business #city