Reminder of Pension Percentage increase beginning April 1, 2011
All engagements and musical services performed on or after April 1, 2011 are subject to the second stage of required percentage increase as per the AFM-EPF Supplemental Agreement.
– For all those who used to get a 10% pension contribution before June 1, 2010, the rate went up to 10.4% for all work taking place between June 1, 2010 and March 31, 2011.
– Those same people will begin to get a 10.9% contribution for all work performed on or after April 1, 2011.
Page two of the LS-1 contract lists every possible original pension rate and its two stages of rate increases. I have pasted in (with technical glitches, sorry) that chart as part of this letter.
Please note that Local 1000 members voted many years ago to keep 8% pension as a minimum contribution rate. You may select any of the rates from this chart (here or in LS-1 contract) 8.32% and higher. The left-hand column is only for use for work completed up until March 31, 2011.
Please contact the Local 1000 office with any questions about these procedures.