For those, uh, in our audience who, who heard Ken Ziffren speak to Beverly Hills Bar not too long ago, uh, h-he flagged that this issue was coming, and obviously when you're talking about Ken, it's not a question of whether or not he was right or wrong, it's just a question of how right he was, right? So [laughs] Dan, what is your take on what's going on with the health plan rehabilitation, and what are the key takeaways for our audience here?

Yeah.

So, um, you know, it's been widely reported that the WGA plans experienced significant losses in the past couple of years.

Uh, they had reported losses of over $100 million, and this deal, at least based on what, um, has been put out there, is going... is projected to, uh, infuse about th- over $320 million into the WGA health plans.

Now, the provisions of the agreement, and what's really important to producers, uh, is that this is gonna happen two ways.

One, it's going to increase the rate of contributions, and two, it's going to increase the cap on contributions, right? So I'm just gonna get into a little bit of details, and then we'll be able to move forward, right? So it used to be, uh, a number of years ago, people would give a rule of thumb.

They would say, "Whatever you're paying to the writer, you're budgeting an additional 20% for pension health contributions." So you pay $100,000 to the writer, you're gonna pay an additional $20,000 to the pension health plans.

Why don't you define what this is for folks and tell us what the key takeaways are here?