Today the Board of Trustees of the American Federation of Musicians and Employers’ Pension Fund announced that the Pension Benefit Guaranty Corporation has approved the AFM-EPF application for Special Financial Assistance. Funds are expected to be received on or about August 12, 2024.

This Special Financial Assistance under the American Rescue Plan Act of 2021 is designed to give the AFM-EPF and other eligible plans the additional funding they need so that they are projected to be able to pay benefits and administrative expenses through the Plan year ending 2051 without reductions to participants’ benefits.

“As both AFM Local 47 President and a Trustee on the Pension Fund, I am thrilled that we have this wonderful news to share,” says President Stephanie O’Keefe. 

For more information about Special Financial Assistance, please visit the AFM-EPF website here.