Showing posts with label IRA. Show all posts
Showing posts with label IRA. Show all posts

Wednesday, June 29, 2011

A Change in TAC ... tics?

There were three new faces on the Taxi Advisory Council on Monday who are likely to mean a change in direction. Until now, the TAC has pretty much been an owner's council. But the addition of Rua Graffis, Tara Housman and Tone Lee seems certain to challenge that dynamic.


Ms Graffis (Left) is a leader of the United Taxicab Workers (UTW) and has spent over thirty years fighting for driver's rights. She replaces non-medallion holder not on the list, Timothy Ajaegbu, who regularly missed council meetings.





Mrs. Housman (Middle photo) is a medallion holder who also takes a driver's point of view. As she pointed out at the meeting, medallion holders can also be drivers. She replaces Laurie Graham who routinely gave Yellow Cab a second vote.


Tone Lee is a leader among the drivers at the airport. He replaces Dmitry Nazarov who was a lease driver at Luxor Cab and has bought his own medallion. Nazarov, who was supposed to be representing drivers on the list, voted with President John Lazar of Luxor Cab absolutely every time.


All three of the new councilors have regularly attended and spoken at TAC meetings so that they are already up to speed. 


When you add another recent addition, Richard Hybels (owner of Metro Cab who is well-known as a maverick that sometimes sides with drivers) to the mix, the council promises to be much more evenly balanced than it has been in the past.


Council Business


The council voted to have Chair Chris Sweis and Vice Chair Barry Korengold continue in their positions for another six months.


Driver's Fund


The main subject for discussion was, what to do with the drivers fund?


This was the first time that the council has seriously discussed the issue and it was primarily a brainstorming session. The councilors generally agreed that the sum of money (currently $1,462,500) was too small to pay for medical or retirement benefits. Some ideas put forward for the fund's use were:

  • Scholarships for the children of drivers.
  • Catastrophic insurance.
  • Benefits for injured or traumatized drivers who needed time off from work.
Councilor Barry Korengold introduced a plan to use a 25 cent drop fee to build the fund more quickly but the drivers could not use their share unless they were vested for 5 years.

Christopher Fulkerson liked the idea in general but thought that the fund should be invested in an IRA that drivers could access whenever they wanted.


Tone Lee wanted to set up a lottery that would pay $100 to fifty drivers every two weeks on the provision that they showed up at TAC to collect it.

In the end, the council voted for a motion make by TAC member and general manager of Desoto Cab, Athan Rebelos, to make certain that the funds would be managed by the beneficiaries (i.e. the cab drivers) and not the MTA.