The ANA-4A’s Joint Policy Committee (JPC) has successfully reached agreement with the American Federation of Musicians (AFofM) for a formal extension to the 2009-2012 Commercial Announcements Agreement.
The term of the extension agreement is from October 17, 2012 through December 31, 2013. The union ratification process will take place shortly and ratification is expected.
Effective January 1, 2013:
Contributions to the AFofM Pension Plan shall increase by one percent (1%) from 13.08% to 14.08% for new music tracks recorded on or after January 1, 2013.
Attached is a copy of the fully executed Memorandum of Understanding.