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

  1. #25

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    Exclamation FRTIB and ETAC

    FRTIB phone 202-942-1660

    I called the above number and the receptionist said the Dave Toro handles external affairs and he will call me back. I will update after I hear something.

    We may need to do a mass calling on this number to get their attention.

    Stand by.
    Socrates: "Democracy, which is a charming form of government, full of variety and disorder, and dispensing a sort of equality to equals and unequaled alike."

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  3. #26

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    Default Re: What YOU can do to fight back - IFT limit

    I made a buddy of mine aware of this who works for Congress on the Hill. I'll see if i can get him fired up about it so maybe he can mention it to some big wigs. I will be writing some letters here soon too when I get a chance later in the week. All this information is great, keep up the good work!
    Proverbs 27:12 - A sensible man watches for problems ahead and prepares to meet them. The simpleton never looks, and suffers the consequences.

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  5. #27

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    Default Re: What YOU can do to fight back - IFT limit

    Federal Retirement Thrift Investment Board
    Board Members
    Andrew M. Saul, of New York (Chairman). Since 1986, Mr. Saul has been a General Partner in Saul Partners, L.P., New York City. In addition, he served as Chairman of the board for Caché, Inc., from 1993 to 2000. Previously, he was an Executive Vice President, 1968-80, and then President, 1980-85, for Brooks Fashion Stores, Inc. From 1985-86, he was President of BR Investors. Mr. Saul is a trustee for the Metropolitan Museum of Art, Sarah Neuman Nursing Home, Westchester, New York, and the United Jewish Appeal Federation, New York City. He is also Commissioner, Metropolitan Transportation Authority, New York City, and is on the Board of Overseers for Wharton School of Finance, University of Pennsylvania. Mr. Saul received his B.S. (1968) from Wharton School of Finance. He was born in New York City in 1946, and currently resides in the New York area with his wife, Denise. They have two daughters.

    THOMAS A. FINK, of Alaska. Mr. Fink has been semi-retired since mid-1994 after having served six years as Mayor of Anchorage. He has primarily been a life insurance salesman since 1958. Mr. Fink also spent eight years in the State Legislature, including two as speaker. He was born in Peoria, Illinois, in 1928 and has a B.S. from Bradley University (1950), a J.D. from the University of Illinois Law School (1952), and a CLU from the American College of Life Underwriters (1963). He wrote a weekly column on issues of the day in a local paper between 1975 and 2001. Mr. Fink has lived in Anchorage with his wife, Pat, since 1952. They have 11 grown children.

    Gordon J. Whiting, of New York. Mr. Whiting is a Managing Director of Angelo, Gordon & Co., a leading investment management firm specializing in non-traditional assets, which he joined in 2004. Previously, he was an Executive Director of W. P. Carey & Co. LLC (NYSE: WPC), which he joined in 1993. He was also the President of Corporate Associates 14, Incorporated, one of it's publicly-held, non-traded real estate investment trusts that invest in commercial and industrial properties. Prior to that Mr. Whiting founded an import/export company based in Hong Kong. Mr. Whiting serves on the Cornell University Council and the Board of United Neighbors of East Midtown, Inc., is the Treasurer of the Camp Fire Conservation Fund, Inc., and is an Eagle Scout. He received a B.S. in Business Management and Marketing from Cornell University and an M.B.A. from the Columbia University with a concentration in Finance. He was born in Bronxville, New York, in 1965, and currently resides in Manhattan with his wife, Cornelia.

    Alejandro M. Sanchez, of Florida. Mr. Sanchez is the Chief Executive Officer of the Florida Bankers Association (FBA). He serves as one of the fiduciaries for the FBA pension plan. He has served on the boards of several non-profit organizations in Florida. He currently serves on the Board of Florida Tax Watch, and is a member of the Florida Bar. He served almost five years in the United States Air Force from 1976-81. Mr. Sanchez graduated from Troy State University (B.S., 1981) and the University of Iowa (J.D., 1983). Mr. Sanchez practiced law with the law firm of Sinclair Louis in Miami from 1984-1986, served as Inspector General and General Counsel for the Florida Department of Commerce from 1987-1988, and was Senior Corporate Counsel for GTE Information Services in Tampa from 1989-1993. He joined the FBA in 1993 and was named CEO in 1998. He was born in Havana, Cuba, on January 12, 1958, and currently resides in Florida with his wife, Mercedes, and their two children.

    TERRENCE A. DUFFY, of Illinois. Mr. Duffy was elected Chairman of the Board of Chicago Mercantile Holdings Inc. (CME Holdings) and Chairman of the Board of Chicago Mercantile Exchange Inc. (CME) in April 2002. He was Vice Chairman of the Board of CME Holdings, Inc. from its formation in August 2001 and of the Board of CME from 1998 to April 2002. He has been President of TDA Trading, Inc. since 1981. He has been a CME member since 1981 and a Board member since 1995. As the company’s Vice Chairman, Duffy served on the executive, compensation, nominating, strategic planning, and regulatory oversight committees. In 2002, he was appointed by President Bush to serve on a National Saver Summit on Retirement Savings. In 2004, Mr. Duffy was appointed to the Board of Directors of World Business Chicago, the Board of Regents for Mercy Home for Boys and Girls, and the Advisory Council for the Graham School of Management of Saint Xavier University. He is also a member of the Economic Club of Chicago, the Executives’ Club of Chicago, and the Chicago Committee of the Chicago Council on Foreign Relations. Mr. Duffy attended the University of Wisconsin-Whitewater, studying business administration. He was recognized as one of the top 100 Irish Business Leaders by Irish America Magazine in 2003 and 2004. A Chicago native, Mr. Duffy and his wife have two children.

    Executive Director
    GREGORY T. LONG, of Washington, D.C. Greg is the Executive Director of the FRTIB, the Federal Agency that administers the Thrift Savings Plan (TSP). In this role, Greg serves as the Chief Executive Officer and managing fiduciary of the TSP. The TSP services 3.7 million current and former Federal employees and Uniformed Service members with over $200 billion in assets, making it the largest defined contribution plan in the world. Prior to his appointment as Executive Director, Greg was the FRTIB’s Director of Product Development, where he was responsible for the Agency’s strategic planning functions and its development of new services and products that promote beneficial savings behavior. Additionally, Greg managed all research efforts to understand the attitudes and investment behavior of TSP participants.
    Before joining the FRTIB, Greg spent seven years with CitiStreet, where he served as the Director of Marketing for the American Bar Association Retirement Funds. In that position, he oversaw all marketing, sales, and product development activity for a program that provides 401(k) services to over 4,000 law firms nationwide. Prior to CitiStreet, Greg spent six years with Putnam Investments, most recently as the Regional 401(k) Director in the southeast U.S. Greg was born in Boston in 1967 and is a graduate of St. Anselm College in Manchester, NH. He plans to live in the Washington, D.C., area with his wife, Laura, and their son.
    A distribution of monkeys throwing darts to choose their allocations would likely have produced a higher performer ...-Desperado ... My Account & My Account Talk


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  7. #28

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    Default Re: What YOU can do to fight back - IFT limit

    http://www.tsp.gov/features/chapter01.html#sub3

    They can all be reached at

    Address: Federal Retirement Thrift Investment Board
    1250 H Street, NW
    Washington, DC 20005-3952



    Staff will probably forward them all communication.
    A distribution of monkeys throwing darts to choose their allocations would likely have produced a higher performer ...-Desperado ... My Account & My Account Talk

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  9. #29

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    Default Re: What YOU can do to fight back - IFT limit

    Or you can call 202-942-1660 to get FRTIB direct.

    I'm still waiting on my call back from FRTIB about who the 15 members are on the Employee Thrift Advisory Counsel.
    Socrates: "Democracy, which is a charming form of government, full of variety and disorder, and dispensing a sort of equality to equals and unequaled alike."

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  11. #30

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    Exclamation Employee Thrift Advisory Council Contacts and stuff. Make it work.

    Results!!!

    List of members. Call them, write them, email them!

    https://www.fido.gov/facadatabase/form_members.asp

    Home page.

    https://www.fido.gov/facadatabase/CommitteeMenu.asp
    Socrates: "Democracy, which is a charming form of government, full of variety and disorder, and dispensing a sort of equality to equals and unequaled alike."

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  13. #31

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    Exclamation Re: What YOU can do to fight back - IFT limit

    I will add that Dave Toro at FRTIB was very helpful. Thanks Dave!

    Also, he informed me that there is a period before proposed changes are made permanent that you are allowed to voice your concern. We need to speak up quickly. I will try to find the time line.
    Socrates: "Democracy, which is a charming form of government, full of variety and disorder, and dispensing a sort of equality to equals and unequaled alike."

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  15. #32

    Default Re: What YOU can do to fight back - IFT limit

    Today is Nov. 28 at 1:30 mountain time. I called Rick Brown's office. His secretary said my call was only the second call received concerning the issue of limiting IFT. If we want this thing to work, we ALL have to take action. Otherwise, we'll all get what we don't want.

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  17. #33

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    Default Re: What YOU can do to fight back - IFT limit

    OK the links do not work. Here is where you need to go.

    https://www.fido.gov/facadatabase/public.asp

    Click "Committees Search"

    In the field "Search for Committee by Name or Number" type "Employee Thrift Advisory Council" then click members.

    Apparently I can not paste links to the actual pages. Sorry.
    Socrates: "Democracy, which is a charming form of government, full of variety and disorder, and dispensing a sort of equality to equals and unequaled alike."

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  19. #34

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    Default Re: What YOU can do to fight back - IFT limit

    I did not see a way to contact them. If you find a contact number or address and you post it?
    A distribution of monkeys throwing darts to choose their allocations would likely have produced a higher performer ...-Desperado ... My Account & My Account Talk

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  21. #35

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    Default Re: What YOU can do to fight back - IFT limit

    I'm working on it and will get back to ya when I have them all.

    As far as the time line goes there is not one set in motion as of now, but it is HIGHLY recommended that letters be sent to the FRTIB before the changes take place. We need to send letters to the 15 members of the ETAC too. I WILL find the contact info. on them, but first I have to pick my son up from school. See ya.

    Mr. Andrew M. Saul
    Federal Retirement Thrift Investment Board
    1250 H Street, NW
    Washington, DC 20005-3952
    Socrates: "Democracy, which is a charming form of government, full of variety and disorder, and dispensing a sort of equality to equals and unequaled alike."

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  23. #36

    Default Re: What YOU can do to fight back - IFT limit

    Quote Originally Posted by FundSurfer View Post
    I did not see a way to contact them. If you find a contact number or address and you post it?
    Guys........just scroll back a page or two on this thread and you will find a lot of the info. you are looking for! This is something I posted there a few days ago. It gives contact info. for the chairman and vice-chairman of the ETAC. If you have time to contact all 15 members of ETAC, great.....but at least contact these two gentlemen and let them know how you feel. I have sent snail-mail letters to both of them, and also e-mailed Brown:
    __________________________________________________ ____________

    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 15-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


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