WHO WE ARE
The following brief descriptions of the SDC-League Pension & Health Funds are provided for general information purposes only. Participants should refer to the Funds’ Plan documents and Summary Plan Descriptions for more complete descriptions.
The SDC-League Pension and Health Funds are multi-employer Trust Funds, legally separate entities from each other and from the Stage Directors and Choreographers Society (“the Union”). The Funds are managed by a joint Board of Trustees, comprised of seven Trustees from SDC (appointed by SDC’s Executive Board) and seven Trustees from Management (representing Broadway and Tours, Off-Broadway, and Regional theatre producers). With the advice of the Fund’s actuary and consultant, and the guidance of the Fund’s co-counsel and accountants, the Trustees have the responsibility for ensuring the fiscal soundness of the Fund, as well as providing the best possible benefits to you, the Participants. The Funds’ investments are maintained by separate custodians and managed by independent investment managers who have discretion and authority to effect transactions for the benefit of the Plan within the investment guidelines established by the Trustees.
SDC-LEAGUE HEALTH PLAN
The SDC-League Health Plan is a multi-employer Plan that is maintained and operated according to collective bargaining agreements between contributing employers and SDC, subject to the provisions of the Employee Retirement Income Security Act of 1974 (ERISA). You are eligible to participate in the Health Plan if you are employed under one or more SDC contracts and sufficient employer contributions are made to the SDC-League Health Fund on your behalf.
SDC-LEAGUE PENSION PLAN
The SDC-League Pension Plan is also a multi-employer Plan that is maintained and operated according to collective bargaining agreements between contributing employers and SDC, subject to the provisions of the Employee Retirement Income Security Act of 1974 (ERISA). The Plan provides participants with five or more years of service (certain restrictions apply) an annual lifetime pension benefit beginning at normal retirement age (65). The amount of the pension depends primarily on the amount of employer contributions that were made on your behalf over the years, as well as when the work was done.