Page 46 - அமெரிக்கன் கூட்டமைப்பு ஆஃப் இசைக்கலைஞர்கள் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Musician’s Pension Opts for ARPA Over MPRA Trustees are wagering that relief under the most recent COVID-19 stimulus bill will provide a better option than a reduction in benefits. The American Federation of Musicians and Employers’ Pension Fund (AFM-EPF) is betting that the pension relief provisions in the recently passed $1.9 trillion American Rescue Plan Act (ARPA) will provide a better outcome for its participants than a benefits reduction under the Multiemployer Pension Reform Act (MPRA). The fund, which has approximately 50,000 members and is in “critical and declining” status, had originally applied to the US Treasury Department to reduce earned benefits under the MPRA in January 2020. However, the fund’s application was rejected by the Treasury, which said the mortality rate assumptions and the new entrant assumptions under the proposal were “not reasonable under the standards in the regulations.”

United statesEmployer pension fundTreasury departmentUs treasury departmentAmerican federation of musiciansPension benefit guaranty corporationAmerican federation of musician employers pension fundAmerican federationAmerican rescue plan actMultiemployer pension reform actEmployers pension fundPension reform actAmerican federation of musicians employers pension fundAfm epfஒன்றுபட்டது மாநிலங்களில்முதலாளி ஓய்வூதியம் நிதி