#LookMoreClosely

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This blog focuses on complex issues, adding data to give you a fuller picture.

A Closer Look at AFM-EPF Performance

There has been an attack narrative going on for some time now that the AFM-EPF performs “dead last” over the last 10 years compared to its peer group at a return rate of 3.2%. The fact is, that performance number is taken from selected performance reports and includes in the average the disastrous year ending 3/31/09 when the fund lost $560 million on the market, representing 29% of its value. The average loss for funds in the financial crisis was 25%, so the AFM-EPF did 4% w

A CLOSER LOOK AT OUR PENSION AND AFTRA’S PENSION

There has been a lot of chatter that the AFM-Employers Pension Fund (EPF) performs “far worse” than its “peers.” The American Federation of Television and Radio Artists (AFTRA) Retirement Fund has been cited as a “peer” that “bounced back” after the 2008 meltdown while AFM-EPF didn’t. We’ve heard the AFM-EPF spends “far more” than AFTRA and “performs far worse.” Let’s take a closer look at these claims Here’s the quick and dirty: -AFTRA has 7,000 to 10,000 fewer participants

WHY THE NCCMP HELPED CRAFT MPRA

There has been a lot of half-reported information and innuendo about the AFM pension fund for the last year and a half. We examine a half-truth here: “Our trustees work with the NCCMP which is working to cut our benefits.” Since 1974 the National Coordinating Committee for Multiemployer Plans (NCCMP) is the only organization that advocates and lobbies exclusively for multiemployer plans. Recently, the NCCMP has come under fire from some quarters for its role in crafting the 2