[Watchdogs] Tuesday Article by Claudia Grisales

[Andra Jacoby]

I agree. We'll see how long the old ones stay now that their perks are 
disappearing. Saw that they revised the resolution to keep the PEC paid 
medicare benefits. Got news for them all. This is the same thing as all 
medical and dental that retirees get. Same money going out. What this is 
is a supplemental insurance to go along with medicare - just like you 
would buy yourself (if you were decent and not having "someone" else pay 
for it) Wonder if the spouses are included in this medicare insurance?

I wonder if anyone at the meeting asked about Fuelberg & Burnett's non 
show at the DC hearing? Waxman should compel them to attend so it will 
be on record that they are taking the fifth so that people can see they 
are scared of saying something wrong.

Andra



Clyde Doyal wrote:
> They should have cut it 95%.  The only true reform for PEC is to take the
> money equation out of board members pockets.  As long as self interest is
> the motivating factor for board members there will never be true reform.   
>
> -----Original Message-----
> From: watchdogs-bounces at pec4u.org [mailto:watchdogs-bounces at pec4u.org] On
> Behalf Of Andra Jacoby
> Sent: Tuesday, July 22, 2008 6:53 AM
> To: PEC Watchdogs
> Subject: [Watchdogs] Tuesday Article by Claudia Grisales
>
>
>   Co-op board agrees to cut its pay more than 40 percent
>
>
>     Pedernales directors would still earn triple the national median.
>
> By Claudia Grisales <mailto:cgrisales at statesman.com>
> AMERICAN-STATESMAN STAFF
> Tuesday, July 22, 2008
>
> JOHNSON CITY - More than a year after questions about excessive 
> compensation triggered a tumultuous time for the Pedernales Electric 
> Cooperative, the utility's old and new regimes joined forces Monday to 
> finally approve a long-awaited cut in board members' pay.
>
> The co-op's board, which includes a minority of newcomers, voted to cut 
> its own average annual compensation and benefits more than 40 percent, 
> to $29,000. That includes an end to board members' health insurance.
>
>
>
> http://www.statesman.com/news/content/news/stories/local/07/22/0722pec.html
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