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April 26, 2017
 


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Updated: Apr. 26 (12:03)

James R. Hoffa Memorial College Student Essay
Teamsters Local Union No. 677
When Wall Street Writes the Rules for Retirement
Teamsters local 570
Sanders, Dems Introduce $15 Minimum Wage Bill
Teamsters Local 355
April 15, 2017 Front Page
Kansas City Labor Beacon Newspaper
Teamsters 419 #Fairness Information Demonstration
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Charlotte Area Local Return Ballot Instruction
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Moe Biller


 

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APWU Officers Oath of Office

I, having been duly elected to the office in the ____ of the APWU, AFL-CIO do solemnly pledge to uphold the Constitution and Bylaws of the APWU AFL-CIO, and the (state'Local). I further pledge to perform the duties of my office to the best of my ability. I promise that at the conclusion of my term in office, I will turn over to my successor all books, papers, records and documents that are the property of the APWU. Last, but not least, I promise to purchase only union made aticles whenever available. Failure to perform any of the above will mark me as an indivisual devoid of honor and destitute of integrety.
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Thrift Savings
Updated On: Aug 17, 2010

 TSP and Retirement

TSP Calculator

TSP How it Works

TSP and Back Pay 

TSP and Military Leave

TSP Overview 2009

TSP Roll Over

How To Retrieve Your TSP PIN Number

 

A. You may retrieve your TSP PIN number at the TSP website below.
    Choose Account Access. Click Here To Access the TSP Site

B. You may also call the TSP ThriftLine at: 1-504-255-8777 press 2
     Just enter your social security number and follow the instructions.

TSPtalk.com - link on TSP

TSP TICKER

FUND G F C S I
Aug 1, 2008 close$12.55$12.09$14.39$18.12$21.05
Daily Change:$0.00$0.01($0.08)($0.01)($0.22)
This Month (%)0.010.06-0.56-0.05-1.04
 
FUND L 2040 L 2030 L 2020 L 2010 L Income
Aug 1, 2008 close$16.41$15.92$15.50$15.00$13.37
Daily Change:($0.08)($0.07)($0.06)($0.03)($0.01)
This Month (%)-0.48-0.42-0.36-0.19-0.11
 

 

Thrift Savings Plan

The Thrift Savings Plan (TSP) is an essential component of the three-tiered Federal Employees Retirement System (FERS): A FERS annuity, and Social Security and TSP payments that provide retirement income. TSP investments are also an income source for many retirees who receive Civil Service Retirement System

By participating in the TSP, postal and other federal workers have an opportunity to save part of their pre-tax income for retirement - and receive matching contributions from the Postal Service. You can decide how much of your pay to put in your TSP account, which fund to invest it in, and how you want to receive your money when you retire.

Additional information about the features and benefits of the TSP has is available from your personnel office or from the OPM or TSP web sites.

 

Thrift Saving Information

TSP Information for Postal Employees

Thrift Savings Plan Information for Postal Employees
Source: USPS ELM - Section 590
How To Retrieve Your TSP PIN: TSP PIN Info

The Thrift Savings Plan (TSP) is a retirement savings and investment plan for federal employees. It was authorized by Congress in the Federal Employees' Retirement System Act of 1986. The plan is administered by an independent government agency, the Federal Retirement Thrift Investment Board, whose sole purpose is to operate the plan for the benefit of the participants. Policies and regulations of the board are controlling in the event of conflict with the information contained in this subchapter.

TSP has established a TSP Web Site at http://www.tsp.gov to provide employees with general information, forms, and publications. Two telephone response systems are available for general information as well as personal account information. The TSP ThriftLine at (504) 255-8777 is an automated voice response system, and the Text Telephone at (504) 255-5113 is designed for hearing impaired employees. The TSPBK08, Summary of the Thrift Savings Plan for Federal Employees, and other TSP materials are available at local personnel services offices and on the web site.

TSP OPEN SEASON
Open season is the period during which employees may make an election with respect to the TSP.

a. There are two open seasons each year.
b. Each open season lasts for 2 and 1/2 months with the election period being the last month of the open season.
c. Open seasons are from May 15 through July 31 and from November 15 through January 31.

During open season an eligible employee may submit an election to:

a. Begin contributions.
b. Change the dollar amount or percentage of current contributions.
c. Reallocate current contributions to different investment funds.
d. Terminate contributions.
 

TSP CONTRIBUTIONS
All contributions to the TSP are based on basic pay. Basic pay includes higher level pay but does not include cost-of-living adjustments (COLA, TCOLA), overtime pay, night differential, military pay, allowances, premium pay, or lump-sum terminal leave payments.

Contributions must be made in whole percentages or whole dollar amounts.

FERS Employees
A FERS employee may contribute a percentage of basic pay up to a maximum of 10 percent or a whole dollar amount which does not exceed 10 percent of basic pay. Contributions are withheld each pay period.

CSRS Employees
CSRS and CSRS offset employees may contribute a percentage of basic pay up to a maximum of 5 percent or a whole dollar amount which does not exceed 5 percent of basic pay. Contributions are withheld each pay period.

Automatic Contributions - FERS Employees
The Postal Service automatically contributes an amount equal to 1 percent of the employee's basic salary every pay period. This agency automatic (1 percent) contribution starts the first pay period in the first election period that the employee is eligible to contribute and is made even if the employee chooses not to contribute. The employee's salary is not affected by this automatic contribution.

Automatic Contributions - CSRS Employees
There is no agency automatic (1 percent) contribution for CSRS employees

See the USPS ELM

 

ASK KIM
What You Need to Know About the Thrift Savings Plan
 

I invested in my former employer's 401(k) plan for years, then lost my job. I now work for the federal government and have the opportunity to invest in the Thrift Savings Plan. How does this plan work, and can I roll my 401(k) money into it?

The Thrift Savings Plan is a lot like a 401(k) for federal employees and members of the military, and many more people are likely to be introduced to it over the next year or so, as the federal government becomes a good source of new jobs in this economy.

As with a 401(k), your contributions to the TSP lower your taxable income and grow tax-deferred until retirement. Many federal employees get an employer match (it generally depends on the retirement system you belong to), although most members of the military do not. The contribution limits are similar to those in a 401(k) -- you can contribute up to $16,500 to the Thrift Savings Plan in 2009, plus an extra $5,500 in catch-up contributions if you're 50 or older. (Members of the military who are deployed can contribute all of their tax-exempt combat-zone pay, as long as their total contributions for the year don't exceed $49,000). You'll generally have to pay a 10% penalty - as you would with a 401(k) -- if you leave your job before age 55 and withdraw the money (there is an exception for eligible military reservists called to duty for more than 179 days).

You can roll your 401(k) money into the Thrift Savings Plan, which may be a good idea because it has incredibly low fees (18 cents to 19 cents a year for every $1,000 invested for most of the funds, which equals just $18 or $19 a year in investment-management fees on a $100,000 portfolio). Pre-tax money in a traditional IRA, 403(b) or 457 can also be rolled into the TSP.

Instead of providing a selection of well-known funds, the TSP offers five index funds, including ones that invests in large companies (called the C fund), small companies (S fund), international firms (I fund), fixed- income investments (F fund) and government securities (G fund).

Or you can opt for one of the Lifecycle funds, which builds a diversified portfolio of the other funds to match your retirement time horizon. A Lifecycle fund (called an L fund) starts out with more money invested in stock funds -- when you have many years before you plan to touch the money - then gradually become more conservative as your goals get closer. The fund automatically adjusts the investments every quarter, so you don't need to make any changes. You should pick the Lifecycle fund with a target date closest to when you plan to start withdrawing the money. Visit the L funds page at TSP.gov to see how the allocation becomes more conservative as time passes.

Visit the "Returns and Share Prices" page of the Thrift Savings Plan Web site for each fund's returns. See the "TSP Fund Information Sheets" for details about each fund.

You can keep the money in the TSP after you leave your federal job to benefit from the low fees, or you can roll over the money into an IRA or a new employer's 401(k), 403(b) or 457. You must start taking required minimum distributions from the TSP after you turn 70 ½ or the year you leave federal service, whichever is later (the minimum-distribution requirement was waived for 2009, just as it was for IRAs and 401(k)s). For details about the TSP withdrawal requirements, see "Important Tax Information About Your TSP Withdrawal and Required Minimum Distributions."

For more information about the TSP, click on "Forms and Publications" on the TSP.gov page, then "Publications," then "Booklets," then "Summary of the Thrift Savings Plan."



ASK KIM:
Send Kim your questions. She can't answer every one, but she'll answer as many as she can. If your question isn't published within a few weeks, scan the archives to see if Kim has covered the issue before, or start a discussion in the Kiplinger.com Community.

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Mother Jones 1924

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APWU FMLA FORMS

WH 380E - Employee serious health condition

WH 380F - Family member health condition

WH 381 - Notice of Eligibility, Rights and Responsibilities

WH 382 - Designation Notice

WH 384 - Certification of qualification - military leave

WH 385 - Certification for serious illness or injury - military leave 

 

Form 1 - Certification by Employee's Health Care Provider for Employee's Serious Illness.

 Form 2 - Health Care Provider Certification of Employee's Family Member Serious Illness.

Form 3 - Certificate by Employee of Qualifying Exigency for Military Family Leave.

Form 4 - Certification by Service member's Health Care Provider for Caregiver Military Family Leave.

 

 

2009 APWU Calendar

2015 APWU Leave Calendar

2015 APWU Leave Chart

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