I’m happy to report that after six weeks of bargaining, SAG and AFTRA reached a tentative agreement with producers for our TV/Theatrical & Exhibit A contracts. On December 4, the joint SAG and AFTRA national boards will meet to review the agreement in detail and determine if it should be recommended to members for their approval. As I will tell board members then, I strongly believe this deal should be ratified.
The agreement not only includes wage gains across the contract, but will also provide an urgently needed and unprecedented increase in employer contributions to our pension and health plans. If the deal is approved, the amount producers pay into our P&H plans under the contract will jump by 10 percent, providing the largest dollar-value increase in 50 years. This increase will significantly strengthen our plans now and will continue to benefit actors and their families for decades.