Pension Relief Bill Advances in Congress
February 26, 2021
Today, the U.S. House of Representatives is expected to vote on the COVID-19 relief package, which includes the Butch Lewis Emergency Pension Plan Relief Act of 2021.
ACT NOW: Tell Congress and The White House to Pass Pension Relief Legislation!
February 12, 2021
New legislation is now moving through Congress that would provide relief to struggling multiemployer pension plans, including the AFM-EPF. The Butch Lewis Emergency Pension Plan Relief Act of 2021 would provide us and these other plans with the funding needed to pay earned benefits for the next 30 years. By providing urgently needed funding, the aim of this legislation is to help financially struggling multiemployer plans avoid insolvency and put themselves on more solid financial footing for the next several decades.
Treasury Department Opens Public Comment Period for AFM-EPF MPRA Application
January 22, 2021
House Democrats Introduce Emergency Pension Plan Relief Act.
On January 21, the U.S. Treasury Department posted the AFM-EPF's second application to prevent insolvency by reducing benefits through the Multiemployer Pension Reform Act (MPRA).
AFM-EPF Submits Second MPRA Application to U.S. Treasury Department
January 7, 2021
On December 30, 2020, the AFM-EPF submitted a second application to the U.S. Treasury Department to reduce benefits under the Multiemployer Pension Reform Act (MPRA) in order to prevent the Plan from becoming insolvent. Now that the application has been submitted, we are providing important information directly to our participants about how each would be affected by the proposed benefit reductions if the application is approved by Treasury.
2020 Ends Without a Solution to the Multiemployer Pension Crisis
December 27, 2020
On Monday, December 21, Congress passed year-end legislation that included funding for the federal government and COVID-19 economic relief. Unfortunately, despite some last-minute negotiating between Republicans and Democrats, support for struggling multiemployer pension plans was not included in this legislation.