Thread: I fund for April 08

For everyone's general information.

I sent a interfund transfer via snail mail on Thursday from my local post office here in SC. It still has not hit the tsp system. It looks like a minimum of at least 4 business days to arrive and post. I was hoping to get out of the I fund before earnings started to hit, no such luck.

My next test will be to overnight it so it arrives before 11 a.m. Then see how long it takes to post.

Anybody else have any luck with snail mail yet ?

Originally Posted by anidoc

Did you send it certified mail with return receipt so you know what date/time it actually was delivered? That is ESSENTIAL for proving loss and harm if it takes an additional 5 days for processing once they receive it.

I purchased delivery confirmation so I know when they get it.

Anidoc, I think they have us all by the **** or **** for the ladies. I don't see any action against them coming. I have signed the petition, and have had my friends sign also. I think the best we can hope for with anythig against the FRTB is 3 transfers per month. It will be very hard to prove and put together anything to get them to re-emburse? (spelling isn't my thing) us for delays or not being able to market time or anything.

Do you know what I mean ?

What do you think ?

Originally Posted by anidoc

I think that even if these limits are put into effect that they will be rescinded if we keep the pressure on mainly because their numbers are bogus and they haven't proven their case that there is a problem, or that limits are the most effective way to fix that perceived problem. I also think that the 500 BRAVE ONES (snail mailers) should file a class action suit because there is no legal basis for the restrictions that have been forced upon them. The interim rule is flawed in many ways. And last but not least the 500 WILL PREVAIL and be reimbursed their losses with interests. They just have to go for it. It is not legal to penalize someone for following existing law and not heeding a threat to impose restrictions if you don't follow a proposed law that isn't on the books yet. The interim rule does NOT supercede existing law, as the existing law has not been rescinded, repealed, or changed YET. FRTIB is wrong.

Years ago people were reimbursed for being in the wrong retirement plan (CSRS vs FERS). There's also been some reimbursements for late postings. However, I'm not sure if OPM, TSP, or the responsible agencies had to reimburse in the first case, or if the agencies or TSP had to reimburse for the late postings.

Count me in on any action, I sent mine last night via Priority Mail with Delivery Confirmation, should arrive within 1 or 2 days (Georgia to Alabama)...I cannot even move to G on-line, NOTHING!!! A total bunch of BS, I have signed the petition as has my wife...Let me know what else we can do...Thanks, EA

Originally Posted by MR_BOOOOM

For everyone's general information.

I sent a interfund transfer via snail mail on Thursday from my local post office here in SC. It still has not hit the tsp system. It looks like a minimum of at least 4 business days to arrive and post. I was hoping to get out of the I fund before earnings started to hit, no such luck.

My next test will be to overnight it so it arrives before 11 a.m. Then see how long it takes to post.

Anybody else have any luck with snail mail yet ?

I agree with the overnight, that is also my next step after i see how long it takes once the Priority Mail is received....Mr_BOOOOM, have you checked the Delivery Confirmation to see if it has been delivered yet??? (Remember these go to a PO Box, could someone in Birmingham drop it at the Post Office at 9 Am and have it in the system by Noon?!?!?!?!?!? I doubt it...)...

EA

Originally Posted by MR_BOOOOM

I purchased delivery confirmation so I know when they get it.

Anidoc, I think they have us all by the **** or **** for the ladies. I don't see any action against them coming. I have signed the petition, and have had my friends sign also. I think the best we can hope for with anythig against the FRTB is 3 transfers per month. It will be very hard to prove and put together anything to get them to re-emburse? (spelling isn't my thing) us for delays or not being able to market time or anything.

Do you know what I mean ?

What do you think ?

I think there is the very real possibility that some well connected TSP'ers will have daily access whilst the rest of the majority us do not.

Originally Posted by anidoc

I think that even if these limits are put into effect that they will be rescinded if we keep the pressure on mainly because their numbers are bogus and they haven't proven their case that there is a problem, or that limits are the most effective way to fix that perceived problem. I also think that the 500 BRAVE ONES (snail mailers) should file a class action suit because there is no legal basis for the restrictions that have been forced upon them. The interim rule is flawed in many ways. And last but not least the 500 WILL PREVAIL and be reimbursed their losses with interests. They just have to go for it. It is not legal to penalize someone for following existing law and not heeding a threat to impose restrictions if you don't follow a proposed law that isn't on the books yet. The interim rule does NOT supercede existing law, as the existing law has not been rescinded, repealed, or changed YET. FRTIB is wrong.

Years ago people were reimbursed for being in the wrong retirement plan (CSRS vs FERS). There's also been some reimbursements for late postings. However, I'm not sure if OPM, TSP, or the responsible agencies had to reimburse in the first case, or if the agencies or TSP had to reimburse for the late postings.

http://www.mondaq.com/article.asp?articleid=57714

http://www.abanet.org/publiced/previ...Respondent.pdf

EAFE estimate down $0.27
plus FV for Tuesday (previous) of $0.00 = $0.27

Originally Posted by nsurf9

TO ALL

I can effect IFT by internet and/or phone (2 per month) as a result of my request (in another thread in IFT limits) to Long, et. al.

Chris, a supervisor at TSP, confirmed that the "IFT by mail sanction" had been lifted on me because of my request. I also had a different TSP employee effect a IFT funds to "F" and then confirm the IFT. I later had TSP cancel the trade to save my 2 IFTs. The abatement may have been because I stated that, although I did not receive the warning letter not to trade, I was nonetheless sanctioned and did receive the certified letter. Also, possibly because I only had 4 trades during Jan, Feb, 2008.

I found this out today 4/8/08, at 11:30am, as a result my call to TSP to let them know how much money I had lost in potential gains, since April 1, as a result of its sanction.

Note, I tell the supervisor that because no such information appears on the TSP site that I would post what, in effect, I am posting now.

Obviously, my advice is to fax in your request, site low trades, if applicable. And, state that you didn't get the warning letter (if applicable) or that you didn't understand the criteria.

You may want to test with a IFT anyway.

Good Luck - see you back on the tracking board.

nsurf9

Check out nsurf9's account talk. Good info.

EAFE down $0.26
plus FV for Tuesday (previous) of $0.00 = $0.26

http://tspshareholder.org

Lets go folks time is money and this time it is your money on the line. You want to keep your rights then say NO MORE ABUSE OF THIS SYSTEM BY THE FRTIB LET YOUR VOICE BE HEARD !!!!!!!!!


3942 Have Signed Petition Lets Go For 4000 - ONLY ONE MORE DAY !!!!!!!!!!!!!!

EAFE down $0.26
plus FV for Tuesday (previous) of $0.00 = $0.26
minus mystery money or round down of $0.01= -$0.27

FV for Wednesday (previous)= $0.00