AFM-EPF Announces that “Critical and Declining” Status Likely for 2019
A Message from the President
Dear Members,
On February 24, notification was emailed to AFM-EPF participants that actuaries project a strong likelihood that the Fund will enter “critical and declining” status after being in critical status since 2010. You may refer to the text of the full notification, which is posted on afm-epf.org. I recommend that you visit the Funds Website and check out the “Staying Informed” tab for more detailed explanation, but I wanted to provide as clear an explanation as possible.
The Fund is facing the challenges it faces today due to a loss it took in the Crash of 2008 in combination with several other factors. These are some of those factors: (1) the loss in the downturn, (2) a commitment of paying benefits which outweigh contributions coming in, (3) a decreased number of participants for whom contributions are being made
Read more