Now is the right time to become an American Federation of Musicians member. From ragtime to rap, from the early phonograph to today's digital recordings, the AFM has been there for its members. And now there are more benefits available to AFM members than ever before, including a multi-million dollar pension fund, excellent contract protection, instrument and travelers insurance, work referral programs and access to licensed booking agents to keep you working.
As an AFM member, you are part of a membership of more than 80,000 musicians. Experience has proven that collective activity on behalf of individuals with similar interests is the most effective way to achieve a goal. The AFM can negotiate agreements and administer contracts, procure valuable benefits and achieve legislative goals. A single musician has no such power.
The AFM has a proud history of managing change rather than being victimized by it. We find strength in adversity, and when the going gets tough, we get creative - all on your behalf.
Like the industry, the AFM is also changing and evolving, and its policies and programs will move in new directions dictated by its members. As a member, you will determine these directions through your interest and involvement. Your membership card will be your key to participation in governing your union, keeping it responsive to your needs and enabling it to serve you better. To become a member now, visit www.afm.org/join.
June 2, 2015IM -
On May 6, the musicians of the Cincinnati Symphony Orchestra ratified a new five-year agreement during an endowment drive that has achieved a $26 million increase in the past year. The contract provides 1.5% salary gains in each season, in addition to the restoration of 14 of 23 permanent musician vacancies. A one-time income supplement of 12% to all current tenure track musicians creates a compensation package of 3% over the life of the deal.
This is a major step forward for an orchestra that saw a drop in endowment value from $92.7 million during 2000 to $56 million during the financial upheaval of 2008. Musician concessions in 2009 and a contract extension in 2011, along with new and prudent board financial practices, provided a path to this agreement. The original goal of $20 million for the endowment was exceeded by $6 million, establishing full funding of the salary increases and restored vacancies, plus a future reduction in annual endowment draw from 5% to 4.5%.
As the institution faces the challenges of a $125 million renovation of Music Hall during 2016-17, the new labor agreement provides financial stability and eliminates the last of a structural deficit by the 125th anniversary season of the Cincinnati Symphony Orchestra in 2020.