NALC CCA Retirement Savings Plan is a retirement income plan designed for City Carrier Assistants (CCA’s) to supplement your pension. You make small payments to the plan while you’re young, so you can receive a lifetime of monthly payments after you retire—even if you live to be 200!
Beside this, can CCA contribute to TSP?
When CCAs become career employees, they can join the Thrift Savings Plan (TSP) and will have the option to transfer their funds from the MBA.
Also to know is, what does the National Association of letter carriers do?
NALC is the sole representative of city letter carriers employed by the United States Postal Service. Since it was founded in 1889, the union has defended the rights of letter carriers while protecting the integrity of the USPS.
Do NBA players have pension?
NBA players have had a pension plan since 1965. Any player with at least three years of service in the league is eligible for a monthly payment and access to other benefits, such as life-long healthcare coverage, a college-tuition reimbursement program and more.
How do I pull money out of my TSP?
To request a withdrawal, log into My Account and click on the “Withdrawals and Changes to Installment Payments” link on the menu. From there you’ll have access to an online tool with which to start your withdrawal.
Does USPS match TSP rates?
The first 3% is matched dollar-for-dollar by your agency or service; the next 2% is matched at 50 cents on the dollar. This means that when you contribute 5% of your basic pay, your agency or service contributes an amount equal to 4% of your basic pay to your TSP account.
How do I increase my TSP contribution USPS?
To change or terminate contributions to the TSP, employees must submit their contribution elections through one of the following:
- PostalEASE from LiteBlue or Blue.
- Calling the HRSSC at 877-477-3273, option 1 (TTY 866-260-7507).
What is the average TSP balance at retirement?
The average for this group would be
| Age | Average Contribution Rate | Average Balance |
|---|---|---|
| 60-69 | 11% | $182,100 |
| 70-79 | 12% | $171,400 |
| All Ages | 9% | $95,600 |
Will my TSP continue to grow after I retire?
Depending on when you begin retirement, you can simply leave the money in the TSP let it continue to grow. … If you leave it in, the investment options are limited to funds elected by TSP money managers.
Can I have both TSP and IRA?
Can I contribute to both my TSP account and an IRA? Yes. Your participation in the TSP does not affect your eligibility to contribute to an IRA.