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APWU Web News Article 04-2008

TSP Considers Restrictions on Inter-fund Transfers

01/11/2008 - Members of the Federal Employee Thrift Investment Board have authorized the TSP Executive Director to implement restrictions on inter-fund transfers as a result of what is being termed “excessive frequent trading” by a small number of TSP participants. According to the board, the excessive trading is driving up administrative costs of the plan and “having adverse effects on other participants.”

APWU News Bulletin

APWU, USPS Reach Agreement on Workers Displaced by Katrina

09/29/2005 - The APWU and USPS have reached an agreement on procedures for assigning employees impacted by Hurricane Katrina, union President William Burrus has announced. A Memorandum of Understanding, signed by Burrus and the USPS Vice President for Labor Relations on Sept. 27, provides for an interim period; a voluntary transfer period; and an involuntary reassignment period. 

“This agreement is the first of its kind,” Burrus said. “We have no prior experience trying to relocate thousands of employees. It was quite a challenge.”

APWU News Bulletin

Reaching Out to Postal Workers, Other Hurricane Katrina Victims

09/08/2005 - APWU members are joining together to help the victims of Hurricane Katrina, which included thousands of postal workers and their families. 

The APWU is urging union members to make contributions to the Postal Employees’ Relief Fund (PERF), a charitable organization established by postal unions, management associations, and the USPS. It benefits active and retired postal workers who have suffered significant property loss or damage from natural disasters. 

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