Trustees Require Increase in Employer Contributions Under Rehabilitation Plan
June 28, 2018
The Trustees recently informed employers, AFM Locals and Player Conferences that the AFM-EPF is requiring a 10% increase in the rate of contributions that employers pay to the Fund as part of a Rehabilitation Plan Update. This increase will be effective generally for contracts expiring on or after August 1, 2018.
The Role and Structure of the Board of Trustees
June 18, 2018
Under federal law, a multiemployer pension fund is administered by an equal number of union and employer trustees. The union?typically the chief officer?appoints the union trustees and the employers appoint the employer trustees.
Joint Select Committee Holds Employer Hearing
June 14, 2018
The Joint Select Committee on the Solvency of Multiemployer Pension Plans held its third hearing on Wednesday, June 13 to hear employer perspectives on the national multiemployer pension crisis. The following witnesses testified:
- Mr. Chris Langan, Vice President of Finance, UPS
- Ms. Aliya Wong, Executive Director of Retirement Policy, U.S. Chamber of Commerce
- Ms. Mary Moorkamp, Chief Legal and External Affairs Officer, Schnuck Markets
- Mr. Burke Blackman, President, Egger Steel Company
Make Your Voice Heard in Congress
June 7, 2018
The AFM-EPF has launched a new webpage to connect participants with their Members of Congress and the Joint Select Committee on the Solvency of Multiemployer Pension Plans.
May 31, 2018
Soon after we informed participants on May 24 that the American Federation of Musicians and Employers' Pension Fund (AFM-EPF) will remain in "critical" status this fiscal year, the organization Musicians for Pension Security (MPS) released a message to Fund participants. We would like to correct the record on a few points.