Welcome to the American Federation of Musicians and Employers' Pension Fund
This website contains comprehensive information for Participants, Locals and Employers. This website reflects the commitment of the AFM-EPF to provide you with the highest level of service.
CURRENT ANNOUNCEMENTS - This section provides up-to-date announcements and notices. Click on the following links for current information about the Fund. The Fund Office has no additional information to provide about these current announcements; you should check this section of the website for updates.
Plan to be submitted to IRS for favorable determination letter
Most participants in the Fund have received (or will receive in the next few days) a document entitled Notice to Interested Parties. You can view the notice here.
We wanted to assure participants that this is a routine notice and no cause for concern.
Tax-qualified plans such as our plan periodically apply to the IRS for the IRS’s determination that the plan remains tax-qualified under the Internal Revenue Code. The IRS does not require plans to apply for a favorable determination letter, but almost all plans do so nonetheless. This is one important step in ensuring that our plan maintains its tax-exempt status and provides important tax advantages to its participants and employers.
Plans that wish to file an application must do so at the specified times permitted by the IRS (for the Fund, the last application was filed at the end of May 2010) and must give participants notice that an application will be filed. You received this notice because the Fund's next filing is due, and will be completed, in early February 2015. As noted above, this is good news for participants and no cause for concern.
Multiemployer Pension Reform Amendment of 2014 (MEPRA)
Congress recently passed new pension legislation, called the Multiemployer Pension Reform Amendment of 2014 (MEPRA). Much of the legislation includes technical modifications to the existing law (the Pension Protection Act). However, a new provision allows "Critical and Declining " plans only to suspend certain benefits already earned by participants, including those receiving pensions. You should know that the AFM-Employers’ Pension Fund is not considered to be a “Critical and Declining” plan as it is projected to remain solvent throughout the entire 33-year period for which the Fund’s actuaries provide projections.
Pensioners and Beneficiaries Please Note:
Changes to the Federal Withholding Tax Tables will be reflected in the January 1, 2015 benefit payment. Additionally, effective on the same date the following states will change their tax table: Arkansas, California, Kansas, Kentucky, Maine, and the Commonwealth of Puerto Rico.
You may see an increase or decrease in the amount of your after-tax benefit payment for these reasons. We suggest that you consult your tax advisor to determine if a change to your Federal and/or State withholding status and/or number of deductions is needed. If so, the Federal and State withholding forms are located in the Applications & Forms section of this website.
IMPORTANT INFORMATION - PLEASE READ
Required Notices - July 25, 2014
As required by law, the following items will be mailed to Participants, Beneficiaries, Employers, AFM and AFM Locals on July 25, 2014:
- Cover Letter
- Notice of Critical Status for Plan Year Ending March 31, 2015 - The Plan was certified in critical status. It describes the legal reason for that certification and discusses the implications of it.
Annual Funding Notice for Plan Year Ending March 31, 2014 - All defined benefit plans (including the Plan) are required to provide you with this annual notice, regardless of their funded status. Please be aware that parts of this notice reflect the finances of the Plan as of April 1, 2013 rather than March 31, 2014
Notice to Participants and Beneficiaries Regarding Funding Relief - This document advises you that the Plan's Board of Trustees elected to take advantage of special rules that provide a longer period for the Plan to take into account the unprecedented investment losses in the Plan year ending March 31, 2009. The notice also discusses the implications of that election.
Register on our website through the "Participant Portal" (located in the lower left hand corner of the home page). You will be able to access some personal information on file at the American Federation of Musicians & Employers' Pension Fund.
American Federation of Musicians and
Employers' Pension Fund
14 Penn Plaza - 12th Floor
PO Box 2673
New York, NY 10117-0262
(800) 833-8065 Ext. 1311