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.
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.)
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.
US. Treasury Department Reopens MPRA Application Comment Period through April 20
March 20, 2020
The U.S. Treasury Department has reopened the public comment period for the AFM-EPF's MPRA application. The comment period will remain open through Monday, April 20, 2020.
AFM-EPF Postpones Planned "MPRA Participant Forums"
March 10, 2020
The AFM-EPF Trustees have been planning a series of MPRA Participant Forums to answer questions from participants and beneficiaries about the Plan's application to the U.S. Treasury Department to reduce benefits under the Multiemployer Pension Reform Act. The Trustees were at the point of finalizing these forums, which were being scheduled to take place in Los Angeles on March 30, New York City on April 6 and Nashville on April 13.