| November 21, 2006 |
Maureen Kilkelly, Executive Director of the American Federation of Musicians and Employers Pension Fund (AFM-EP Fund), announced this past week that revised 2005 Annual Covered Earnings Reports are in the mail. |
Revised 2005 Annual Covered Earnings Reports are being sent to all musicians whose prior statements did not include complete data relating to payrolls processed by Entertainment Partners, Talent Partners and the Music Performance Fund. This revision now includes “complete” data for covered engagements which were sent to the Fund in and after the last calendar quarter of 2005. |
| If you are due to receive a revised report it should include all prior covered earnings data as well as additional information (previously omitted), on behalf of the above referenced employers. These revised statements should address most, if not all questions which many of you have voiced regarding 2005 employment and pension contributions. |
| As always, RMA encourages all members to carefully examine and reconcile their employment records with their pension statement. Thanks in major part to participants who carefully review their statements; the Pension Fund was made aware of these omissions at the earliest possible time. We appreciate everyone’s help and patience in resolving this matter. |
The Pension Fund is hard at work all year long on behalf of participants ─ gathering and processing contributions, initiating retirement benefits, servicing retirees and countless other tasks. I am sure you all join me in expressing great appreciation to Ms. Kilkelly and her staff for the super effort they made in revising these reports in a very timely manner. |
| Best Regards, |
| Phillip Ayling |
| President RMA International |
