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retiree representative

AFM Pension Fund: The Retiree Representative and Equitable Factors Panel

The American Federation of Musicians and Employers’ Pension Fund (Fund) has faced financial difficulties since the global 2007-2008 recession. Similar to dozens of other pension plans, the Fund is now underfunded and will be unable to pay benefits at the level projected in the pre-recession financial market. The Fund’s history of financial struggles is available here. The Fund is in the process of evaluating various options to reduce a portion of participants’ benefits in order to remain financially solvent.

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