Previous application to Treasury Department had been rejected over mortality, new entrant rate assumptions.
The American Federation of Musicians and Employers’ Pension Fund (AFM-EPF) is hoping the second time is the charm and has reapplied to the US Treasury Department for a reduction in benefits under the Multiemployer Pension Reform Act (MPRA) to help stave off impending insolvency.
In August, the Treasury Department denied the fund’s application for a reduction in benefits, saying that the mortality rate and new entrant assumptions it used were “not reasonable under the standards in the regulations.” The department said the mortality assumption used in the recovery plan was based on a standard table that was used “without adequate justification or a demonstration of the manner in which the table properly reflects the mortality experience of the fund.”
the political wonkiness and steve is that we ve grown to love and speck from him. and somehow he made us all understand. remember when he took on chained cpi. obama has actually put on paper proposals for entitlement reform. he put on paper in the run to the sequester this whole thing called chained cpi. a benefits reduction for social security. oh, okay. steve will have more on that in the president s broughter plan tomorrow. but there s got to be a sexier name than chained cpi. we want you to renail it for us. one person said it is another version of cpr that helps keep the economy alive. and when ari posted the question on twitter, jose conseco, yes, that jose canseco said we should rename it seniorcide. good report he work, ari.
work in the guest spot. the independent senator bernie sanders is his cycle debut. we played the clip from the leader pelosi. she also though made a little news today saying that she would be open to this idea of a benefits reduction in social security. chain cpi is what it is called. part of a grand bargain. president obama has been pursuing this grand bargain. the idea of replacing the sequester. fair or not, it seems like the leaders of your party are sort of putting all these discussions on a binary track. where the decision will be either we stick with the sequester or we have the grand bargain. i guess i m curious from your perspective, if those are your two choices, which would you prefer? they re not my two choices and i just came from the committee meeting. i will be returning to the budget committee meeting.
that we need a grand bargain, that s a whole other discussion whether we really do need a grand bargain. if we accept that idea, obama has actually put on paper proposals for entitlement reform. he put on paper in the run up to sequester this whole thing called cpi. it is a benefits reduction to social security. when you look back to 2011 with the whole debt sealing drama, they were talking about raising the medicare eligibility age. what is it that republicans are for him to say that he hasn t said yet or put on paper that he hasn t put on paper yet? those changes are not nearly as far as things that are included in the ryan budget. which will be unveiled tomorrow. that would include things that would change the way this medicare has dwelt folks 55 and un. are they looking for, i mean, if the bottom line for republicans is the privatization, basically the privatization, the voucherization of medicare,