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Thread: Employee Thrift Advisory Council

  1. #1

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    Arrow 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.
    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. #2

    Default Re: Employee Thrift Advisory Council

    Quote Originally Posted by Show-me View Post
    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.

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  5. #3

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    Arrow 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.
    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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  7. #4

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    Arrow 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
    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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  9. #5

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    Default 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.
    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. #6

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    Default Re: Employee Thrift Advisory Council

    Keep calling!
    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. #7

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    Default Re: Employee Thrift Advisory Council

    Meeting today!
    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. #8

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    Default 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

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  17. #9

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    Default 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.


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  19. #10

    Default Re: Employee Thrift Advisory Council

    Quote Originally Posted by James48843 View Post
    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.

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  21. #11

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    Default 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

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  23. #12

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    Default Re: Employee Thrift Advisory Council

    CURRENT ALLOCATION = 100% S
    Fear is the greatest buy signal ever seen in the stock markets - Birchtree

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