Employee Thrift Advisory Council

[Show-me]

Were is ETAC and FRTIB, and how much money have you lost because of the 2 IFT rule. Time to get pissed off and let them know. Tell your friends and work, tell the SEC, tell the news.

 

[Braveheart]

Roster​

ETAC Members (Revised 2/21/2008)

American Federation of Government Employees
Jacqueline Simon
Director of Public Policy
80 F Street, N.W.
Washington, DC 20001

National Federation of Federal Employees
Richard N. Brown**
President​

805 15th Street, NW

Suite 500
Washington, DC 20005

National Treasury Employees Union
Colleen M. Kelley
President
1750 H Street, N.W.
Washington, DC 20006

National Association of Government Employees
David J. Holway
President
159 Burgin Parkway
Quincy, MA 02169-4213

American Postal Workers Union
Myke Reid
Legislative Director
1300 L Street, N.W.
Washington, DC 20005

National Association of Letter Carriers
James W. Sauber*
Chief of Staff
100 Indiana Ave., N.W.​

Washington, DC 20001-2144
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National Rural Letter Carriers' Association
Clifford D. Dailing
Secretary-Treasurer
1630 Duke Street
Alexandria, VA 22314-3499

National Association of Postmasters of the
United States
Oscar Dale Goff, Jr
President
8 Herbert Street
Alexandria, VA 22305-2600

National League of Postmasters of the
United States
Charles Mapa
President
5904 Richmond Highway, Suite 500​

Alexandria, VA 22303

National Association of Postal Supervisors
Louis M. Atkins
Executive Vice
President
1727 King Street
Alexandria, VA 22314-2753

Federally Employed Women, Inc.
Sharon Roydes
7715 White Dove Drive​

Indianapolis, IN 46256

National Association of
Retired Federal Employees
Dick Ostergren
National Treasurer
606 North Washington Street​

Alexandria, VA 22314-7760

Federal Managers Association
Darryl Perkinson
President
1641 Prince Street​

Alexandria, VA 22314

Senior Executives Association
Richard L. Strombotne
P.O. Box 83519​

Gaithersburg MD 20883-3519

Uniformed Services
Adrienne Fraser-Darling
Senior Military Assistant
(Personnel and Readiness)
Office of the Assistant Secretary
of Defense
4000 Defense Pentagon
Washington DC 20301-4000

*Chairman​

**Vice Chairman

http://www.tsp.gov/features/etaclist.pdf


Microsoft Word - etaclist _2_.docRoster ETAC Members (Revised 2/21/2008) Organization American Federation ...
http://www.tsp.gov/features/etaclist.pdf
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[Show-me]

It is posted and buried in page hidden in a bunch of links.

 

[Braveheart]

Showme:

I don't know who you are talking to, but you should tell them to put the ETAC contact information on this page:


http://www.tsp.gov/curinfo/contact.html

And with it, the phone numbers and e-mail addresses of each ETAC member.

That is where it belongs.

Not buried in a place where people can't find it.

Note: I just looked and I can't find it either on the TSP site.

Federal Law States It Must Be Posted Therefore The FRTIB Is In Direct Violation of Law And This Was No Mistake. Everything they do is calculated !!!!! FOIA Request is all that is needed.

 

[TSPinWV]

I found it here: http://www.tsp.gov/features/etaclist.pdf

There is no direct link that I could find. :notrust: I typed "ETAC" in the search box in the top left corner of the TSP home page. The last result link will take you to the PDF file.

 

[James48843]

Showme:

I don't know who you are talking to, but you should tell them to put the ETAC contact information on this page:


http://www.tsp.gov/curinfo/contact.html

And with it, the phone numbers and e-mail addresses of each ETAC member.

That is where it belongs.

Not buried in a place where people can't find it.

Note: I just looked and I can't find it either on the TSP site.

 

[Show-me]

Yea, all there pages are like that. I found it and sent a e-mail back saying that it was buried and not user friendly.

I found it in a "Employee Thrift Advisory Council" hyperlink. Well hidden and no email addresses, just snail mail.

 

[Fivetears]

For some odd reason, I find I need to copy and paste the link directly into my MSIE browser, and hit enter, for it to work. It's like the TSP site has a "Redirect to Home" script running otherwise. Odd.

 

[Fivetears]

By the above link, it should be on this page:
http://www.tsp.gov/features/index.html
but I don't see the etaclist.pdf file there.

 

[Show-me]

Now I am being told it is on the website. Can someone tell me where? I got this link.

http://www.tsp.gov/features/etaclist.pdf

 

[Show-me]

Boy ETAC is on the ball. I ask a year ago to have a contact list posted on the tsp.gov website so that people would know they are there for them. NOTHING!

 

[Show-me]

Lets start pushing back. Here is a simple way to fax and it is free. Write something, anything in word then copy and paste it in the comments block. You will get a email confirming your fax. Click the URL and voilà off goes the fax.

http://faxzero.com/

ADDRESSES: Comments may be sent to Thomas K. Emswiler, General Counsel,
Federal Retirement Thrift Investment Board, 1250 H Street, NW.,
Washington, DC 20005. The Agency's Fax number is (202) 942-1676.

FOR FURTHER INFORMATION CONTACT: Tracey Ray on (202) 942-1665.

Contact you Congressional Offices and get the word out. The FRTIB is pulling a fast on trying to get this through over the Holidays while everyone is in vacation mode.

FIGHT PEOPLE FIGHT!

 

[James48843]

Anybody who is a member of the Federation of Federal Employees, please call your Union president and tell him what you think: He is YOUR Union President, and he is saying that none of his members are telling him that they want the freedom to move their own money where they think it's best for them. If you are a Federation of Federal Employees member, call YOUR president:

Richard Brown:

Richard Brown, President
805 15th Street, NW Suite 500
Washington, DC 20005
email: RBrown@NFFE.org
202-216-4420 (main) · 202-898-1861 (fax)

 

[whitemingo]

Maybe this is Mr. Brown's true colors showing through. What ever union he represents should take this into consideration during the next election.

 

[Wolverine]

Looks like the Union President Richard Brown is rubbing Uglies with the TSP Board. ya think?

 

[James48843]

Richard Brown, President of a Union, National Federation of Federal Employees


"...Brown noted that frequent traders already have banded together online to oppose limits on trading. He pointed to a Web site that council members were directed to that includes a petition signed by more than 2,000 TSP participants opposing the new restrictions.

"That shows that they act collectively, at least by their own hand," Brown said. "It's a concerted effort from those upset who are sending us this Web site.".."

Does anyone else besides me find it rather ironic... that a Union President... is complaining about employees acting "collectively"?????

To petition for a redress of grievnaces???

A right under the U.S. Constitution???
"Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the government for a redress of grievances."

And it's a UNION PRESIDENT who is questioning collective activity?

 

[Wolverine]

This little bit here is where I would like to see a good lawsuit happen...................................

In the interim, however, council members gave TSP officials the go-ahead to send letters to 3,000 frequent traders, requiring them to stop their activity or face being restricted to requesting interfund transfers via mail until the automated curbs take effect.

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To enforce/threaten these 3,000 people under the current way the TSP operates, before anything acutally is changed to a new system is totally a blatant, authoritarian power trip by the TSP.

Let the Lawsuits fly I say........

 

[DrFaustus]

Just found this...

http://www.govexec.com/dailyfed/1207/121907b2.htm

So it looks like the letters are going to go out.

 

[wv-girl]

Wrote this in the comments section. Everyone write something.

Here are the comments I posted.

"The proposal is a result of a recent analysis by TSP officials on the impact of trading activity on fund management and transaction expenses. Officials studied the fund with the highest costs, the International fund, and found that in September and October, the average daily trade was $224 million, far above the daily trades of $49 million in 2006 and $27 million in 2005. The TSP found that the majority of the higher trading volume was due to fewer than 3,000 participants who engaged in frequent trading."


I find it hard to believe that 3,000 participants could have such a hugh cost impact on the tsp considering there are millions of Federal Employees that make up the collective group. Are you suggesting these 3,000 frequent traders hold vast sums of monies compared to the buy and hold participants? Exactly how much does it cost for the re-balancing of the L-funds, which by your own reports, participation has grown rapidly over the past 3 years. It appears that your arguments only include pieces of the puzzle instead of looking at the whole picture. Please provide proof of your "recent analysis" of the added expenses(instead of one line per year comparisons) and explain exactly how fund management and transaction cost are incurred before blaming it on the 3,000 frequent traders. I find it reprehensible and irresponsible that after spending millions of our dollars to upgrade to the current computer system that the board would just throw it away.

 

[Show-me]

Just found this...

http://www.govexec.com/dailyfed/1207/121907b2.htm

Wrote this in the comments section. Everyone write something.

"We felt the two trades a month allows flexibility for everyone and the ability for everyone to go into the G Fund if they get scared," Ray said. "A percentage fee is certainly an option, but we felt that would hurt the nonfrequent traders."

"Nonfrequent traders" would not trade that often or be charged a fee if we go to 2 free trades and a fee for anything beyond that.

Why is it costing TSP so much to execute trades while the brokerage houses do it so much cheaper? Who is making the extra money on the trades? Barclay?

Come on this is the second largest plan in the WORLD and we don't have some "power" to get cheaper trades. Time to renegotiate our contract with Barclay, update the TSP system, and remove the FRTIB to include Mr. Long, Ms. Ray, and possibly the so called advocates on the ETAC.

Were is the ETAC contact list? Were is web access to them? What is their phone number? Who do I call and can they make a difference?

Why are political appointees on the FRTIB and what did they do to get there? Were is the oversight by Congress and the DOL? Why do the FRTIB sight industry standards that are two trades or less a month but ignore the GAO-05-38 report advising better "Customer Service Practices Adopted by Private Sector Plan Managers"?

Something stinks to high heaven and it ain't the "3000 frequent traders".