Pension Update: Critical & Declining Status Projected – What to Expect
As of March 31, the AFM-EPF’s fiscal year of 2018-19 has come to an end. In February, we were notified that actuaries project a strong likelihood that the Fund will enter “critical and declining” status after being in critical status since 2010. You may find the text of the full notification, which is posted on afm-epf.org.
Over the next two months, the Fund’s actuaries will collect and analyze the year-end data and prepare actuarial projections to determine whether our Fund will remain in “critical” status or move into “critical and declining” status for the new fiscal year.
I recommend that you visit the Fund’s Website and check out the “Staying Informed” tab for more detailed explanation, but I wanted to provide as clear an explanation here as possible.
Read more