Employee Thrift Advisory Council
Fifteen members of the Council that we can speak to about TSP related issues, if you can find out who they are.
I asked 40 people at work all with more time in service that me. Do you know who the Employee Thrift Advisory Council is or what they do?
No one heard of them!
We need to let the Employee Thrift Advisory Council (ETAC) know that they are not accessible to us, the participants or TSP. They have no Web site and there is no link or information on the www.tsp.gov Web site.
I feel this is a important point to make with them and the Board.
I would like for us all to send a email to the members of the Council and tell them:
As Thrift Savings Plan participants, I would like to have better access via the Web with a link on www.tsp.gov to all members of the Employee Thrift Advisory Council. As of now there are no known Web access other than a obscure source called the Federal Advisory Committees Database.
Re: Employee Thrift Advisory Council
Quote:
Originally Posted by
Show-me
Fifteen members of the Council that we can speak to about TSP related issues, if you can find out who they are.
I asked 40 people at work all with more time in service that me. Do you know who the Employee Thrift Advisory Council is or what they do?
No one heard of them!
We need to let the Employee Thrift Advisory Council (ETAC) know that they are not accessible to us, the participants or TSP. They have no Web site and there is no link or information on the www.tsp.gov Web site.
I feel this is a important point to make with them and the Board.
I would like for us all to send a email to the members of the Council and tell them:
As Thrift Savings Plan participants, I would like to have better access via the Web with a link on www.tsp.gov to all members of the Employee Thrift Advisory Council. As of now there are no known Web access other than a obscure source called the Federal Advisory Committees Database.
I agree, Show-Me. We had a heck of a time even figuring out who all the members of ETAC even were, and how to contact them. That's not right. I will e-mail several of them tomorrow with the message that they need to be more accessible. so that TSP members can easily contact them when we have concerns or input about TSP matters.
Re: Employee Thrift Advisory Council
The people I spoke to at my work looked at me like I was stupid or something. Most have 15 plus years and said that they never heard of ETAC or even that they had a advocate working for them.
If we accomplish nothing more let's get the Council more accessible to us the participants. Please.
Re: Employee Thrift Advisory Council
National Association of Postal Supervisors
Louis Atkins, Executive Vice President
1727 King Street, Suite 400
Alexandria, VA 22314-2753
Phone (703) 836-9660
Fax (703) 836-9665
National Treasury Employee Union
Collen Kelley, National President
1750 H Street, N.W.
Washington, D.C. 20007
(202) 572-5500
Uniformed Services use:
The Department of Defense
Attn: Colonel Adrienne Fraser-Darling, USMC
1400 Defense Pentagon
Washington, DC 20310-1400
Note: No solid address yet, but this is close. I will work on it some more.
National Association of Letter Carriers, AFL-CIO
James Sauber, Research Director and
Employee Thrift Advisory Council Chairman
100 Indiana Avenue, NW
Washington, DC 20001-2144
mailto:JSauber@NALC.org
(202) 393-4695 or (800) 424-5186 for NALC Retirement Dept.
American Postal Workers Union, AFL-CIO
Myke Reid, Director Legislative Dept.
1300 L Street NW
Washington, DC 20005
(202) 842-4210
NARFE National Headquarters
Richard Ostergren
606 N. Washington ST.
Alexandria, VA 22314
Phone: (703) 838-7760 Fax (703) 838-7785
National Association of Government Employees
John Albanese
159 Burgin Parkway
Quincy, MA 02169
617-376-0220
toll free: 866-412-7762
Fax
Executive Office: 617-472-7566
Legal Department: 617-376-0285
Membership Department: 617-376-0469
Communications Department: 617-984-5695
American Federation of Government Employees, AFL-CIO
Susan Thomas
80 F Street, NW
Washington, DC 20001
(202) 737-8700
comments@afge.org
National League of Postmasters
Charles W. Mapa, President
5904 Richmond Hwy, Suite 500
Alexandria, VA 22303-1864
O: (703) 329-4550
F: (703) 329-0466
E-Mail: cmapa@postmasters.org
Federal Managers Association
Darryl Perkinson, President
1641 Prince St.
Alexandria, VA
22314-2818
Phone: (703) 683-8700
Fax: (703) 683-8707
E-Mail: DarrylFMA@cox.net
National Rural Letter Carriers’ Association
Clifford Dailing, Secretary-Treasurer
1630 Duke Street
Alexandria, VA 22314-3467
703-684-5545
National Association of Postmasters of the United States
Dale Goff, President
8 Herbert Street
Alexandria, VA 22305-2600
Voice: 703-683-9027
Fax: 703-683-6820
General e-mail: napusinfo@napus.org
Note: It has the contact name listed as Oscar Goff, but Dale Goff is the President.
Senior Executives Association
Richard Strombotne
820 First Street N.E.
Suite 700
Washington, DC 20002
(202) 927-7000
National Federation of Federal Employees
Richard Brown, President and
Employee Thrift Advisory Council Vice Chairman
805 15th Street, NW Suite 500
Washington, DC 20005
202-216-4420 (main) · 202-898-1861 (fax)
mailto:RBrown@NFFE.org
Federally Employed Women
Sharon Roydes, Treasurer
1666 K Street, N.W. Suite 440
Washington, DC 20006
Phone: (202) 898-0994
Email: roydes@sbcglobal.net
Re: Employee Thrift Advisory Council
I spoke to, left messages, and received messages from a number of the Council members, Jim Sauber the Chair included. They all agreed that a better way to contact the ETAC members was defiantly needed and they would act on it at the December 19 meeting.
Re: Employee Thrift Advisory Council
Re: Employee Thrift Advisory Council
Re: Employee Thrift Advisory Council
Here are the minutes of the last ETAC meeting, held last summer. It was a bear to find them, but I finally did.
On https://www.fido.gov
You can find all kinds of things on fido.gov
Here is the ETAC minutes,
https://www.fido.gov/facadatabase/do...-15-30-24).pdf
And here is a transcript of a Thirft Board meeting itself:
https://www.fido.gov/facadatabase/do...-16-28-11).pdf
Re: Employee Thrift Advisory Council
The meeting of the ETAC took place at 10:00 am this morning. It was attended by multiple members of the press, in addition to the members themselves. I heard it lasted for over two hours, but I have not been able to hear exactly what took place.
Start watching the federal news sources, and let's see if we can pick up any data.
Re: Employee Thrift Advisory Council
Quote:
Originally Posted by
James48843
The meeting of the ETAC took place at 10:00 am this morning. It was attended by multiple members of the press, in addition to the members themselves. I heard it lasted for over two hours, but I have not been able to hear exactly what took place.
Start watching the federal news sources, and let's see if we can pick up any data.
http://www.washingtonpost.com/wp-dyn...nation/special
Kingstowne, Va.: So, do tell about the TSP meeting. I thought I recalled a discussion about this a month or so ago in this forum. There were some good ideas about not limiting the number of trades but instead allowing a few per period free, but charging the individuals exceeding that number.
Stephen Barr: The TSP executive director and key aides met with the TSP's Employee Thrift Advisory Committee, whose members are drawn from federal and postal unions and management asssociations.
The TSP staff outlined its views on the damage being done to the plan by frequent traders, who are engaging in large dollar trades several times a month, a practice that drives up trading costs in each fund. The staff has proposed limiting TSP members to two trades a month, with a waiver to flee to the G Fund if the member feels he or she has made an investment mistake with the second trade.
The union representatives were basically split on what to do, and did not make a formal recommendation to the TSP staff. Lots of questions about possible alternatives, etc.
I plan to write on this topic for the Thursday column, so look for details there.
Re: Employee Thrift Advisory Council
Sounds like the ideas we'd bounced around here were voiced. One thing bothered me:
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."
Such a "them against us" feeling.
...and this:
But Tracey Ray, chief investment officer of the TSP, said that under such a plan, a small fee of $8 or $9 wouldn't begin to offset trading costs. Instead, some participants might have to be charged thousands of dollars in fees, depending on the amount and size of their trades.
What in the world is he talking about? Is he talking about charging a fee directly related to the amount of money we move????
I don't know, doesn't sound good, but the unions did put some good ideas out there.
We'll see.
Gail
Re: Employee Thrift Advisory Council