| PRESIDENT: Richard A. Brooks. Twenty-five years with Pan Am; A&P licensed mechanic; sixteen years Senior Steward with Transportation Workers Union, Local #504. Helped found and serves as President of AFPAE Inc. since its inception in 1991. |
 R. Brooks |
| VICE PRESIDENT: Leonard Beaumont. Thirty-five years with Pan Am as A&P licensed mechanic; fifteen years Senior Steward; two years as Executive Vice President of Local #504-Transport Workers Union. Serving as Executive VP of AFPAE Inc. since its inception. |
L. Beuamont
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MISSION: Restore lost pension benefits for 23,000 former Pan Am employees who lost 34 percent of their benefits when the Pension Benefit Guaranty Corp. (PBGC) terminated all Pan Am World Airways pension plans in 1991. AFPAE intends to bring about changes in the ERISA law to guarantee the same rights and benefits to the one million pensioners who have had their plans terminated by the PBGC as those enjoyed by participants in other defined-benefits plans.
We are raising funds for our Legal Defense Fund, having received over $100,000 primarily from our members, $120,000 from the Transport Workers Union, and $20,000 from the International Brotherhood of Teamsters.
We have initiated two lawsuits against PBGC, one already partially successful and precedent setting, and both ongoing. We intend to raise another $300,000 to continue and prevail in regaining benefits taken from our retirees by PBGC.
REPRESENTING: 45,000 former Pan Am employees and surviving spouses and helping other pensioners, who have also been harmed by PBGC’s termination policies, regain their full pension benefits.
CURRENT ISSUES: The PBGC refuses to issue critical IDL documents determining benefits due retirees. The IDL take on average ten years for issuance, with no right of appeal until the documents are issued! In spite of the PBGC’s own rules, retirees were charged significant interest on pension payments that the agency itself improperly calculated! The agency deducts 10 percent of pensions monthly for alleged overpayments and does not inform the retiree or stop recoupment once the full amount is repaid.
DUES: $15 yearly and a request for $125 donation to the
