Protect Our Pensions Now
Good news! On January 12, Congress introduced bipartisan legislation that would ensure multi-employer pension plans remain solvent and continue providing retirees and working people the retirement benefits they have earned
The Rehabilitation for Multiemployer Pensions Act, also known as the Butch Lewis Act, would ensure that all promised benefits are paid by creating a new office within the U.S. Treasury Department called the Pension Rehabilitation Administration (PRA). The PRA would issue bonds backed by the U.S. Treasury to finance loans to distressed pension plans so they can remain solvent and continue providing retirement security for retirees and workers for decades to come.
The AFM has been in direct communication with many members of Congress about the need for this legislation—but members of Congress need to hear from musicians in their communities about how they are impacted by the multiemployer pension crisis.
When musicians stand together and fight—we win. Tell your member of Congress today!