The MPRA Process and Timeline for Benefit Reductions

September 19, 2019

As we informed participants in May, the Trustees and the Fund's advisors are preparing an application to the U.S. Treasury Department to reduce benefits under the Multiemployer Pension Reform Act (MPRA). These benefit reductions are necessary to prevent the AFM-EPF from running out of money to pay benefits in the future. By putting the Fund on stronger financial footing, we are helping to ensure that the Fund will be around to pay benefits to current and future retirees for decades to come.

Read More

U.S. House of Representatives Passes Butch Lewis Act

July 25, 2019

Yesterday evening, the U.S. House of Representatives passed the Rehabilitation for Multiemployer Pensions Act, also known as the "Butch Lewis Act." This bill would provide low-interest government loans to struggling multiemployer pension funds, including the AFM-EPF. If necessary, these loans can be coupled with additional financial assistance from the Pension Benefit Guaranty Corporation. The bill would provide sufficient money for these funds to pay benefits to current retirees and beneficiaries for life, while allowing the funds to grow back to stronger financial footing.

Read More

U.S. House of Representatives to Vote on Butch Lewis Act

July 23, 2019

The House of Representatives is scheduled to vote on the Rehabilitation for Multiemployer Pensions Act, also known as the "Butch Lewis Act," this Wednesday, July 24. If the House passes this legislation, it will next need to be considered by the Senate.

Read More

House Ways and Means Committee Approves Butch Lewis Act

July 10, 2019

Today, the House Ways and Means Committee voted to approve HR 397, the "Rehabilitation for Multiemployer Pensions Act" - the House's version of the "Butch Lewis Act." This bill would provide low-interest government loans to struggling multiemployer plans, including the AFM-EPF. These loans would provide enough money for a multiemployer fund to pay current retirees and beneficiaries their benefits for life, which would allow the fund to grow back to stronger financial footing. The Trustees maintain their strong support for this bill and encourage participants to tell their Members of Congress to get behind it as well.

Read More

House Ways and Means Committee to Vote on Butch Lewis Act

July 8, 2019

The House Ways and Means Committee announced today that it will consider and vote on the Rehabilitation for Multiemployer Pensions Act, also known as the "Butch Lewis Act," on Wednesday, July 10 at 10:00 a.m. ET. This "markup" of the Act will be streamed live on the Committee's YouTube page.

Read More


1/9
Page 1 of 9First   Previous   [1]  2  3  4  5  6  7  8  9  Next   Last   




American Federation of Musicians and Employers' Pension Fund