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.

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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.

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A Call to Act Responsibly

July 5, 2019

Yet another round of misinformation has been sent to some AFM-EPF participants by the group "Musicians for Pension Security" (MPS). We are focused on preserving our Pension Fund for current and future generations of musicians, but these attacks are part of a concerted effort to undermine participant support for the coming benefit changes that are necessary to achieve this goal. They serve only to confuse and alarm participants, while obscuring the actual challenges facing our Fund and the actual solutions that we must pursue. So we find ourselves once again in the position of setting the record straight.

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Investment Performance / The Role of Multiemployer Pension Fund Trustees

June 30, 2019

Some AFM-EPF participants recently received a communication from an outside organization that contains out-of-date and misleading information about the Fund's recent investment performance. It also discusses a resolution that was proposed and overwhelmingly defeated at the AFM Convention earlier this month.

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Butch Lewis Act approved by House Education and Labor Committee

June 13, 2019

On Tuesday, the House Education and Labor Committee approved HR 397, the "Rehabilitation for Multiemployer Pensions Act." Also known as 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.

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American Federation of Musicians and Employers' Pension Fund