Hollywood workers cut $45 million from their pension plans during strike | Exclusive
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As the Hollywood strikes continue into their fifth month, nearly 3,000 Hollywood workers have collectively withdrawn $44.6 million from their film industry pension plan savings to make ends meet, according to three people with knowledge of the matter.
According to data obtained by TheWrap, the Motion Picture Industry Pension and Health Plan’s hardship withdrawal program (often referred to as MPI) received 1,449 applications on its first day and a total of 2,953 applications through September 7, a number that insiders say is nearly double that much like during the pandemic.
