The MPRA Process and Timeline
from Pension Fund Notes
September 19, 2019
As we informed participants in May, the Trustees and the Fund’s advisors are preparing an application to the U.S. Treasury Department to reduce benefits under the Multiemployer Pension Reform Act (MPRA). These benefit reductions are necessary to prevent the AFM-EPF from running out of money to pay benefits in the future. By putting the Fund on stronger financial footing, we are helping to ensure that the Fund will be around to pay benefits to current and future retirees for decades to come.
For the full Pension Fund Notes article, click here.