CURRENT ANNOUNCEMENTS - This section provides up-to-date announcements and notices. Click on the following links for current information about the Fund. The Fund Office has no additional information to provide about these current announcements; you should check this section of the website for updates.
REHABILITATION PLAN - The Pension Protection Act of 2006 requires the funding "zone status" for defined benefit multiemployer plans including the American Federation of Musicians and Employers' Pension Fund (the "Plan") to be certified each year by the plan's actuary. On April 15, 2010 the actuary for the Plan certified the Plan to be in "critical status" (also known as the "red zone") for the Plan year beginning April 1, 2010. This notice can be viewed at Notice of Critical Status.pdf. The significance of entering critical status is that the Plan's Board of Trustees (the "Board") is required by law to adopt a "rehabilitation plan" designed to improve the Plan's financial health and to allow it to emerge from critical status.
On April 15, 2010 the Board adopted a rehabilitation plan (the "Rehabilitation Plan") consistent with this requirement. You can review the "Rehabilitation Plan" by going to REHABplan.pdf. Common questions and answers related to the "Rehabilitation Plan" are available to review by going to Q-A.pdf.
Important Notice of Benefit Changes EFFECTIVE June 1, 2010 - This notice describes the reductions in benefits that are part of the Rehabilitation Plan and provides examples of their potential impact. The notice also describes two benefit changes that are not part of the Rehabilitation Plan: changes to one of the re-retirement benefit calculation methods and freezing the Internal Revenue Service ("IRS") annual compensation and annual benefit limitations at their current levels. A supplemental notice mailed on May 28, 2010 outlines information regarding Participant/Beneficiary Rights and Remedies and can be accessed by going to supplementalnotice5-28-10.pdf.
December 30, 2009 Mailing to Employers and Local Unions
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Limiting the ability of bargaining parties to reduce contribution rates
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Notification of potential withdrawal liability for employers that withdraw 4/1/2009 to 3/31/2010
Announcement of Benefit Changes Effective January 1, 2010 with relevant questions and answers
Register on our website through the "Participant Portal" (located in the lower left hand corner of the home page). You will be able to access some personal information on file at the American Federation of Musicians & Employers' Pension Fund.
