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TVARS board to consider elimination of run-off elections

Later this week, prior to the upcoming TVARS board election in a couple months, the TVARS board is scheduled to discuss eliminating run-off elections by adopting instant run-off, or ranked voting.  Why is it that the TVARS board always seems willing to discuss changes to reduce the interaction between board members and the employees and retirees who are counting on them to protect their pensions?  I believe that there needs to be more interaction - not less.

I believe current TVARS board members who were on the board at the time the following occurred still owe TVA employees and retirees answers to these questions:
  • Why leave TVA employees and retirees vulnerable to further COLA benefit reductions, and make it more difficult for their lawsuit to achieve a fair settlement, by refusing to second the motion I made to clarify that the COLAs are vested benefits?
  • Why refuse to second my motion to have open meetings where TVA employees and retirees could observe?
  • Why vote to maintain TVARS' poor financial condition and recommend TVA contribute only $285 million in 2014, thereby enabling the shifting of blame for the system's poor financial condition to the TVARS board, as well as the intensification of the pressure to further reduce benefits?
I invite TVARS board members to provide TVA employees and retirees answers to these questions, and to ask me any questions they would like, by utilizing the comment section below.  I will e-mail the entire TVARS board the link to this blog post.

Comments

  1. Leonard J. Muzyn, Jr., CFAJune 14, 2014 at 12:03 PM

    I just e-mailed the TVARS board members the link to this blog. This being Saturday, I would not expect any of them to read it until Monday.

    ReplyDelete

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