MPRA Benefit Reductions Explained: Re-retirement and Re-determination Benefits Are Changing

June 2, 2020

The purpose of this Pension Fund Notes newsletter is to explain benefit changes that were previously announced by the Trustees - this is not an announcement of additional changes.
(This Pension Fund Note was updated in January 2021. To read the updated version, click here.)

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Retiree Representative Submits Comments to U.S. Treasury Department

May 29, 2020

Today, Retiree Representative Brad Eggen and his advisory Equitable Factors Panel shared comments they submitted to the U.S. Treasury Department addressing the AFM-EPFs application to preserve the solvency of our Pension Plan by reducing benefits under the Multiemployer Pension Reform Act (MPRA).

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Congress May Consider Multiemployer Pension Relief in Next COVID-19 Response

April 24, 2020

Today, the President signed an interim COVID-19 relief bill, and negotiations are underway on the contents of a new, larger economic relief bill to be considered in the coming weeks.

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Why Do Those Who Retired Early Have Bigger Cuts?

March 30, 2020

The short answer: Those who retired before June 1, 2010 (and before age 65) are currently receiving a richer benefit for the contributions they earned before 2004 than those who retired later.
(This Pension Fund Note was updated in January 2021. To read the updated version, click here.)

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Lawsuit Settlement Ends an Undermining Distraction for the AFM-EPF.

March 29, 2020

Plaintiffs fail to prove claims, Board of Trustees remains unchanged. On Wednesday, March 25, we informed participants that a settlement had been reached to end litigation against certain current and former AFM-EPF Trustees. This is good news. For more than two years, patently false claims have besmirched our Pension Plan while the Trustees have been doing everything possible to steer it toward financial stability.

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