LP profile · Pension fund
American Federation of Musicians and Employers' Pension Fund And Subsidiary
American Federation of Musicians and Employers' Pension Fund And Subsidiary is a pension fund headquartered in United States (North America). Ranked #189 in the 2026 Dealroom Power Law LP Ranking by realised power-law score across its venture commitments.
Historical Background
- The American Federation of Musicians and Employers' Pension Fund (AFM-EPF) was established in 1959 to provide pension benefits for musicians.
- The fund has its roots in the Music Performance Trust Fund (MPTF), which was created in the 1940s. A portion of the MPTF was later reapportioned to form the AFM-EPF in the 1950s.
Source of Capital
- The AFM-EPF is a trust fund that provides pension benefits to its members.
- Its capital is derived from contributions made by employers on behalf of musicians for their performances.
Major Events
- The fund's application for Special Financial Assistance through the American Rescue Plan Act (ARPA) was approved, securing its financial stability.
- As a result, the AFM-EPF received a $1.5 billion infusion to ensure the payment of pension benefits for its nearly 50,000 members.
Allocation Strategy
- No information available.
Sources
- http://afm-epf.org
- https://www.afm.org/125-years-afm-history/
- https://www.soa.org/globalassets/assets/files/resources/research-report/2020/2018-musician-pension-plan-stats.pdf
- https://operawire.com/u-s-senate-announces-historic-1-5-billion-for-american-federation-of-musicians-union-restoring-pensions-for-nearly-50000-members/
- https://www.afm.org/2024/07/major-victory-for-afm-epf/