What YOU can do to fight back - IFT limit

[Show-me]

I am finding it worded as a Employee Thrift Advisory Council also.

 

[Show-me]

3000 Tspartans,

Send this to your elected officials to identify the Employee Thrift Advisory Board and post the results here or send them to me. I just sent a note to my EO's to get some action going. KISS

I am a TSP participant and a Federal employee and need to identify the members of the Employee Thrift Advisory Board. Will you help me? There is no web site or much information on the web. They are a 14 member board with no information on who they are or how to contact them. Please help.
Thank you.

 

[ekatteng]

Tom, I suggest to centralize all our comunication and efforts here...

It’s interesting the way their (TSP) arguments go around in circles…

From Jim's article:

First…
Most people who try to play the markets are reactive, Miles said.
For example, many sold off their international stock fund investments in the wake of world crises such as Israel’s invasion last year of Lebanon or large sell-offs at foreign stock markets.
That’s a mistake, Miles said. By fleeing from a market experiencing turbulence, investors will miss out on the inevitable “bounce back.”

Then…
Limiting transfers to twice a month is more flexible than most mutual fund groups allow, Ray said. The board included one exception into the trading restrictions: Investors will be able to shift money into the lower-risk, lower-reward G Fund at any time. This is intended to give investors an option if they have already used their two monthly transfers and become frightened about market activity.

If they are going to protect us from ourselves, they better take care of this one too.

Do they or don’t they want people selling weakness?

 

[ekatteng]

The board president is the one who appoint those members... we really do not have an independent voice... we need the National Association of Federal Retires and the Union Coalition of the Federal Employees to help us on the fight just like they doing the NSPS payment for performance system... I am also for as many legal class actions as possible once we start receiving letter of restriction in December...

Can anyone help identify the other individuals on the council?

And their phone numbers?

Not just the organization involved, but the actual names of the individual people,

and their phone numbers.



Thank in advance for your detective work.

Hint: start with this: Google Employee Thrift Advisory Board

There are 14 members.

We've got the phone numbers of two of the 14.

We need the names and phone numbers of the other 12.

YOU- get active. Help in the search.

Help be a "TSPTALK DETECTIVE".

Then post the info here.

thanks

 

[James48843]

Thanks.


Here is the information about two members of the Employee Thrift Advisory Board.

The chairman is Sauber, and vice-chairman is Brown.

The ETAC is a 14-member group, consisting of union and management representatives, that advises the FRTIB on matters related to the TSP. Gregory Long, Executive Director of FRTIB, was quoted as saying they (FRTIB) would need to discuss the proposed IFT restrictions with ETAC before it was finalized.

Therefore, I think we really need to flood these two gentlemen with our calls and faxes.

Richard Brown, President

National Federation of Federal Employees

805 15Th Street , NW Suite 500 ,
Washington, DC 20005
USA
Website: www.nffe.org
Phone: (202) 216-4420
Fax: (202) 898-1861


James Sauber
National Association of Letter Carriers
100 Indiana Avenue NW
Washington, DC 20001-2144
USA

Website: www.nalc.org
Phone: (202) 393-4695
+++
I called both numbers, and both offices were closed, but I managed to clock my way through their phone mail systems and leave a message on their voicemails.

I encourage EVERYONE to also do the same. Phone them up, then leave a message on the voice mail. And, next week, call again.

THIS IS A FULL COURT PRESS- DO YOUR PART. COMMUNICATE YOUR DISPLEASURE WITH THESE DRACONIAN RESTRICTIONS.

Can anyone help identify the other individuals on the council?

And their phone numbers?

Not just the organization involved, but the actual names of the individual people,

and their phone numbers.



Thank in advance for your detective work.

Hint: start with this: Google Employee Thrift Advisory Board

There are 14 members.

We've got the phone numbers of two of the 14.

We need the names and phone numbers of the other 12.

YOU- get active. Help in the search.

Help be a "TSPTALK DETECTIVE".

Then post the info here.

thanks

 

[tsptalk]

It’s interesting the way their (TSP) arguments go around in circles…

From Jim's article:

First…
Most people who try to play the markets are reactive, Miles said.
For example, many sold off their international stock fund investments in the wake of world crises such as Israel’s invasion last year of Lebanon or large sell-offs at foreign stock markets.
That’s a mistake, Miles said. By fleeing from a market experiencing turbulence, investors will miss out on the inevitable “bounce back.”

Then…
Limiting transfers to twice a month is more flexible than most mutual fund groups allow, Ray said. The board included one exception into the trading restrictions: Investors will be able to shift money into the lower-risk, lower-reward G Fund at any time. This is intended to give investors an option if they have already used their two monthly transfers and become frightened about market activity.

If they are going to protect us from ourselves, they better take care of this one too.

Do they or don’t they want people selling weakness?

 

[Wasaki]

If you sue the TSP Board, aren't you in effect suing the federal government?

If true, that would mean damages are paid by taxpayers. I don't like the sound of that.

Think of it like this: of all the taxpayer money that is frivolously spent, with this at least there is taxpayer money being spent for a cause you support and will be affected by.

 

[nnuut]

If you sue the TSP Board, aren't you in effect suing the federal government?

If true, that would mean damages are paid by taxpayers. I don't like the sound of that.

It's OK Mike you have PLENTY of Money!!:laugh: Sue the bast$$ds!!:nuts:

 

[Mike]

If you sue the TSP Board, aren't you in effect suing the federal government?

If true, that would mean damages are paid by taxpayers. I don't like the sound of that.

 

[Barney]

I'm wondering whether TSP might reconsider their position if it became evident that they could be facing a slew of these pesky private lawsuits scattered throughout all 11 circuits of the federal courts.

This would be a text book class action law suit.

 

[fedgolfer]

Thanks Paladin. I'd love to sue those SOBs on the Board too. Although they're not stealing like the Enron execs... they are meddling with the free will of honest government and military employees, along with money that is not rightfully theirs, nor within the rules of the CFR.

At the very least, those mighty 3000 should be grandfathered in and allowed unlimited trades... and $10,000,000 each for pain and suffering.

This is madness... THIS.... IS..... SPARTA!!!

 

[Talltimber]

Now Paladin, a lawsuit would be unseemly during an election year. Please be kind to our benevolent leaders, $350 eh? Let's see who signs the 3,000 letters, that should leave a mark.

 

[cpchri1]

"(b) Limit. There is no limit on the number of contribution allocations or interfund transfer requests that may be made by a participant. [70 FR 32208, June 1, 2005]" I went and looked that up. Here is the link:
http://a257.g.akamaitech.net/7/257/2422/01jan20051800/edocket.access.gpo.gov/2005/pdf/05-10870.pdf

One thing is this is the Federal Retirement Thrift Investment Board Final Rule. The Board cannot legally and arbitarily change a rule unless they follow the rule making process which require public comment through the Federal Register. I would point this out in any correspondance sent to congressional staff.

 

[qibovin]

5. Contact lobbying organizations that might be sympathetic to "the cause." Some I can think of are AARP, Military Officer Assoc. of America (MOAA), Assoc. of the US Army (AUSA), etc.

 

[GUCHI]

what kills me is that i have been a tsper since the beginning. and i held in the G fund for years, until i learned a little on my own. i just found tsptalk about 2 years ago and thought this is exactly what govt employees needed. we never ever had any guidance on what where or how to manage our accounts. tsptalk was a blessing. and now they want to step up to the plate and tell us how to manage our accounts. where were they 20 years ago ?????? i'm sure many feel like i do, i just wanted to remind folks how things were. thanks to all on tsptalk.

 

[Buffalo_Nickle]

Thanks Barney..# 1885

 

[James48843]

We're showing more that 90% opposed to restricting where people can move their money.

Do they not understand how this curtails the freedom of the individual?


Weigh in! Go Vote!

 

[Show-me]

I call the Thriftline to start and the answer I got from the "customer service" gal was "Market timing is illegal" to which I professed that "Most investor market time, the guys you see on TV at the different stock exchanges time several times a day. How can that be illegal?" All I got was silence.

Then I spoke to the supervisor and she was just a clueless, but she did tell me that the "Board is considering other options". She claimed that Mutual Funds limit there folks to two trade and charge for any over that.

She finally recommended I contact the "Board", which I will do tomorrow.

 

[James48843]

Second: We're starting a website and an organization devoted to protecting the interests of TSP Shareholders.

The website will be a clearing house of information, education for share holders, and eventually a tool to help lobby for TSP shareholder rights. There are now 3.8 MILLION of us, and we don't have a single entity yet to protect OUR interests. Only a Thrift Board that thinks they can think for us, and a weak council of members that have no direct lobbying capability. We need to add horsepower to the mix.

We will be asking for support for that TSP Share Holder's Organization website when it gets up and running.

Charter members are needed- I'd like to ask everyone to PM me and help with a small donation soon to help get the site up and running. I'm only talking on the order of a couple bucks each- to pay for the website initially. If you can help, great. if not, that's ok too. We'll need to mobilize support on the ground as well with phone call people and Washington people who can walk over and talk to people as well. For all of this, we'll need each person's help and commitment to make a difference.

YOU can make a difference.

Stay tuned. We're fighting back.

 

[12%ayear]

I'm working on it.

Check back tomorrow- we've got some things in the works.

Great!! Keep up the good work James. Someone has to lead the thread into the pathway for freeTSPtrade.