De Minimis

Under the terms of the new Collective Bargaining Agreement, the de minimis amount (the dollar amount under which no check is issued) has increased from ten dollars ($10.00) to fifty dollars ($50.00) for musicians who do not elect to “Go Paperless” (receiving communications from the Secondary Markets Fund electronically rather than via regular mail and receiving their distributions via direct deposit).

For those participants who have elected to “Go Paperless”, the de minimis amount will remain at ten dollars ($10.00).

The new terms are effective July 1, 2013.

We strongly suggest you sign up to “Go Paperless.” 

Thanks for your cooperation and best wishes for a prosperous and healthy year.

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