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AFM "Benefit Suspension"



 
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yourbrass
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Joined: 12 Jun 2011
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Location: Pacifica, CA, USA

PostPosted: Wed Jun 12, 2019 7:24 am    Post subject: AFM "Benefit Suspension" Reply with quote

I'm posting this here because I don't see any other place it could go in the forums.

It's a Billboard article concerning the sinking AFM pension fund and the board's plans to reduce many members' pensions next year. I received a letter from a man identifying himself as the "Retiree Representative" for union musicians. It's the first I had heard of this, although I knew that the fund has been under federal supervision because it's in decline and, like many other pension funds, not sustainable for the long term.

https://www.billboard.com/articles/business/8513465/afm-union-musicians-pension-benefit-reduction-fund-insolvency
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plankowner110
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Joined: 12 Jun 2003
Posts: 3394

PostPosted: Wed Jun 19, 2019 7:58 pm    Post subject: Reply with quote

I am an AFM retiree and have been notified often by the pension fund administrators about the status of the Fund in recent years.
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