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Reduction in the Rate of Future Benefit Accruals

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Employers  > Policies & Procedures  > Reduction in the Rate of Future Benefit Accruals

Reduction in the Rate of Future Benefit Accruals (Jan. 1, 2004)


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Reduction in the Rate of Future Benefit Accruals

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The Board of Trustees of the American Federation of Musicians and Employers' Pension Fund recently adopted new procedures in cases where Collective Bargaining Agreements are modified in a manner that affects the rate at which Participants earn or "accrue" future benefits under the Fund.  These procedures are described in further detail in this notice.

  
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