Joint Select Committee Hears Directly from Pension Participants
July 14, 2018
The Joint Select Committee on the Solvency of Multiemployer Pension Plans held its fourth hearing in Columbus, Ohio on Friday, July 13. This field hearing, entitled, "Understanding What's at Stake for Current Workers and Retirees," featured testimony from participants and small businesses whose multiemployer pension funds are in "critical and declining" status.
Gail Kruvand Joins AFM-EPF Board of Trustees
July 13, 2018
The AFM-EPF Board of Trustees is pleased to announce that Gail Kruvand has joined the Board as a Union Trustee. Gail replaces departing Trustee Phil Yao, who leaves his position after nearly 15 years of service on the Board. The Trustees thank Phil for his dedication and hard work on behalf of AFM-EPF participants and extend a warm welcome to Gail.
Joint Select Committee to Hold Field Hearing in Ohio
July 8, 2018
The Joint Select Committee on the Solvency of Multiemployer Pension Plans has announced that its next hearing will be held outside of Washington, D.C. The "field hearing" will take place on Friday, July 13 at 2:00 p.m. ET
Trustees Require Increase in Employer Contributions Under Rehabilitation Plan
June 28, 2018
The Trustees recently informed employers, AFM Locals and Player Conferences that the AFM-EPF is requiring a 10% increase in the rate of contributions that employers pay to the Fund as part of a Rehabilitation Plan Update. This increase will be effective generally for contracts expiring on or after August 1, 2018.
The Role and Structure of the Board of Trustees
June 18, 2018
Under federal law, a multiemployer pension fund is administered by an equal number of union and employer trustees. The union?typically the chief officer?appoints the union trustees and the employers appoint the employer trustees.