Effective July 1, 2025, pension contributions for employers signatory to the Network Agreement for programs other than News, Sports, Operations, Local and Documentary (i.e., Network Entertainment) will increase by 0.25%. This increase brings the Pension Plans’ employer contribution rate to 8.75% of compensation.
Effective July 1, 2025, changes to the allocation of the new 8.75% employer pension contribution rate between the Basic and Supplemental Plans are as follows:
- For the Basic Plan: 8.75% of compensation up to the first $20,000 (increased from 8.5%), and 6.55% of compensation between $20,000 and up to and including $150,000 (increased from 6.3%); and
For the Supplemental Plan: 2.2% of all compensation in excess of $20,000 up to and including $150,000 (unchanged) and 8.75% of compensation above $150,000 (increased from 8.5%).
For more information on these changes, refer to the March 2025 Pension Plans Summary Plan Description and its updates.
Reminder: The information in this newsletter is provided for your convenience and does not modify the terms of the Pension Plans and the Health Plan. In the event of a conflict between those official Pension Plans and Health Plan documents and this newsletter, the terms of the official plan documents will control.
