The American Federation of Musicians and Employers’ Pension Fund again has applied to the U.S. Treasury Department for permission to reduce benefits for nearly half of its 51,521 participants. The Plan is currently in “critical and declining” status, and is projected to run out of money to pay benefits within 20 years. Under the Multiemployer […]
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Friday 8 January 2021
Musicians Union’s Pension Fund Again Seeks OK From Treasury Dept. To Cut Benefits To Prevent Insolvency Within 20 Years
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