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

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
100 Indiana Avenue, NW
Washington, DC 20001-2144
(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
805 15th Street, NW Suite 500
Washington, DC 20005

202-216-4420 (main) · 202-898-1861 (fax)

Federally Employed Women
Sharon Roydes, Treasurer
1666 K Street, N.W. Suite 440
Washington, DC 20006

Phone: (202) 898-0994
Email: roydes@sbcglobal.net

Thank you for the full list.

FOLKS- These are the 14 people who can stan up to the Thrift Board, and tell them to change their minds.


I want you to print out that list- and carry it in your wallet.

Each day until the Thrift Board changes its mind, I want you to call at least two people on that list of 14 people.

And the message I want you to tell them is: This is a wrong action. It's our money, not the Thrift Boards money. What they are trying to impose is wrong, and you want this person to work on your behalf to fix the wrong that over 80% of the voters in the federal employee poll believe is wrong. It is wrong to limit trades. It is a Fair Value problem, not a trading problem, an even if they did slam the door on your ability to manage your own account, the costs still will continue- this isn't the solution.

Send that message every day to just two people on that list.

Again. And again. And again.

Thanks

Originally Posted by crhuss

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.

Only one other person has called Rick Brown, a member of the body that stands between us and the change?


Rick Brown is the presidnet of the advisory council:

National Federation of Federal Employees
Richard Brown, President
805 15th Street, NW Suite 500
Washington, DC 20005

202-216-4420 (main)


I called over the weekend, and left a message by punching my way through to his voicemail. And now he's only gotten two phone calls?


ARISE TSPers, ARISE! CALL HIM!!!


While you are dailing-

Have you called your Congressman yet?

As crhuss points out- Congress listens when people are calling, and right now people are not calling.

Don't rely on someone else to do it for you. YOU need to pick up the phone and call your congressman.
Do it at lunch today.
Do it tomorrow.
Just do it.

I agree with James that phone calls to as many ETAC members as possible are most effective, but if you can't or won't call, AT LEAST e-mail the chairman (James Sauber) and the vice-chairman (Richard Brown) of ETAC and let them know how you feel!!. It is CRITICAL that these gentlemen hear from us! Ask them to reply to your e-mail and let you know whether they will help fight these outrageous restrictions on our rights or not....and if not, why not??. And if you don't hear back from them within a few days, e-mail them again! Everyone can do this, it just takes a few minutes.

There are many sample letters and other good posts in this thread that can be plagerized for the content of your e-mails, if that saves time for you.

Richard Brown, President, NFFE
RBrown@NFFE.org

James Sauber, Research Director, NALC
JSauber@NALC.org

As much as I do not like this policy change, I fully agree with it. We can't have it both ways. TSP has by far the lowest fees of any 401k! 6 bp is an amazingly low fund fee. Most TSP funds fees are less than half of even Vanguard, and Vanguard is quite strict concerning trading activity. You can't expect to have a fund fee of 6 basis points, and allow unlimited trading. Each of you look at your account balance, mutiple it by 6bp, and see how little in fees you are charged. TSP must either increase fees or decrease costs (curb the trading activity). Like it or not, the vast majority of TSP investors do not actively trade their accounts, and only periodically reallocate. And any poll in this regard will be biased, as those who don't trade have little incentive to participate in the poll. Why should they be required to pay higher fees to subsidize our activity? Therefore, the only answer that makes sense to me is for TSP to institute a "pay to play". If you want to actively trade, you must pay a commission type fee for trades above their threshold. If the TSP board feels this is too much hassle, we are out of luck. Instead of active trading we will be relegated to tactical asset allocation discussions.

yeskevin,

I certainly respect your opinion, but a vast majority of TSP investors are not getting their matching funds or even holding a diverse allocation.

They, the TSP board, had to change the rules and make the L fund a default spot to get TSP investors "in" the market. Saving them from themselves once again.

There are other options instead of limiting IFT to two a month.

Well again, the point is the same. In your example those participants do not trade (naively sit in G). Therefore, TSP is able to cover their costs on those accounts. Contrast that with active traders with expenses far exceeding management fees on the account. Me, I entered trades on 15 days in November. There is no way a 6 bp fee is enough to cover the costs I generated. I feel I must deal with facts as they are, not the way I want them to be. If my active trading costs exceed the management fees, is it reasonable to expect TSP to allow me to continue? I would like the answer to be yes. However, I know the world does not operate for my benefit.

The point of my initial post was to point out we need alternative solutions when we contact the decision makers rather than clamoring for status quo. I feel 6bp fund fees and unlimited trading was way too much of a good thing. In my view, expecting that policy to remain is unrealistic.

Originally Posted by James48843

I called over the weekend, and left a message by punching my way through to his voicemail. And now he's only gotten two phone calls?

I did the same thing. Left a voice message.

Originally Posted by yeskevin

Well again, the point is the same. In your example those participants do not trade (naively sit in G). Therefore, TSP is able to cover their costs on those accounts. Contrast that with active traders with expenses far exceeding management fees on the account. Me, I entered trades on 15 days in November. There is no way a 6 bp fee is enough to cover the costs I generated. I feel I must deal with facts as they are, not the way I want them to be. If my active trading costs exceed the management fees, is it reasonable to expect TSP to allow me to continue? I would like the answer to be yes. However, I know the world does not operate for my benefit.

The point of my initial post was to point out we need alternative solutions when we contact the decision makers rather than clamoring for status quo. I feel 6bp fund fees and unlimited trading was way too much of a good thing. In my view, expecting that policy to remain is unrealistic.

Exactly, we need a alternative solution. I appreciate your comments. Thank you!

Originally Posted by James48843

Only one other person has called Rick Brown, a member of the body that stands between us and the change?


Rick Brown is the presidnet of the advisory council:

National Federation of Federal Employees
Richard Brown, President
805 15th Street, NW Suite 500
Washington, DC 20005

202-216-4420 (main)


I called over the weekend, and left a message by punching my way through to his voicemail. And now he's only gotten two phone calls?


ARISE TSPers, ARISE! CALL HIM!!!


While you are dailing-

Have you called your Congressman yet?

As crhuss points out- Congress listens when people are calling, and right now people are not calling.

Don't rely on someone else to do it for you. YOU need to pick up the phone and call your congressman.
Do it at lunch today.
Do it tomorrow.
Just do it.

bump

Just called both. Everyone make the call.


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