Thread: What YOU can do to fight back - IFT limit

1. Call this phone number and register your displeasure with their move to limit IFT's to only two per month. Tell them it is a bad idea, and there are better ways to deal with the problem of missing their FV call and having it cost money. Tell them you JUST SAY NO.

When you dial in to the main switchboard, you MAY get bumped into voice mail to leave a message. Please be kind in the message you leave, but be firm.

Then, send also a FAX. Any local KINKOs or STAPLES store, or a MAILBOX ETC has a fax machine if you can't do it from hom.

The main phone number at TSP Thrift Board is:

Tel: 202-942-1630

FAX: 202-942-1676




Light up their phone lines!

http://www.webslingerz.com/jhoffman/congress-email.html

Thanks.


Also - 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 e-mails!

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 today, 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.

There are dozens of things TSP could do BESIDES invoking these types of restrictions, that would solve the issue they are talking about. Their proposed "solution" does not solve the issue. Read more here and learn the facts for yourself, and then TAKE ACTION. We need to all work TOGETHER!

Originally Posted by James48843

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.

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.

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.

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!

Thanks Barney..# 1885

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.

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.

"(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/7/257/2...f/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.