Tag Archives: Pension Fund

Act now to protect our AFM Pension

Our AFM-EPF pension plan is one of over 100 multiemployer union pensions in critical status because of aging demographics, declining participation, and reduced contributions. But now, if we all stand together in unison as AFM members, we can change that.

The AFM and its U.S. player conferences (ICSOM, RMA, ROPA and TMA) have put together a handy toolkit for all members to take action to support the Reconciliation Package and ensure our pension and retirement remain secure. Time is of the essence as pension reform is the closest it has ever been in years to becoming a reality. Lobbying takes a focused and organized effort. There are tens of thousands of pension participants and AFM members around the U.S. We can make this happen! Continue reading

Local 47 Board Urges AFM-EPF Trustees to Consider All Participants’ Input

On July 18, 2019, AFM Local 47 John Acosta on behalf of the entire Executive Board sent the following letter to AFM & Employers’ Pension Fund Trustees stressing the importance of considering the input of all musicians who are stakeholders, particularly those currently working and contributing to the Fund.

Dear AFM-EPF Trustees:

We write to you today with urgency as you deliberate and decide on cuts to the future benefits of thousands of participants and present and future retirees. We have no doubt that the decisions that lay before you weigh deeply on the collective conscious of the Board of Trustees, and we are certain that the obligations of your charge will prioritize the fastidious consideration of the impact these decisions will have on the lives of generations of musicians for many, many years to come. Continue reading

Protecting our Pension Fund – be heard!

A message from RMALA:

Concerned about the future of our Pension Fund? You’re not alone. The question is — what can you as an individual do?

There is a U.S. Congress Joint Select Committee looking for a solution for pension funds like ours. We are not alone, and neither are you.

Our Pension Fund has created a page that gives you the tools to be heard.

Continue reading