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Reach your savings goals faster.

The Benefit Accumulation Account (BAA) is an after-tax savings product that allows individuals to proactively save (and earn interest) for all kinds of life expenses, including:

  • Emergency fund
  • Health care costs
  • Housing expenses
  • Car down payment
  • Education expenses
  • Travel costs


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Save for the expected — or unexpected — and withdraw your funds at any time without penalty.

From saving for college to retirement (and everything in between), we have you covered.

We encourage you to shop around and compare our BAA with other existing savings opportunities. We’re confident you’ll discover that this unique program offers a competitive return to help you meet your savings goals from now through retirement.

A competitive, guaranteed interest rate with the potential for additional interest earnings. Our BAA offers a competitive, guaranteed interest rate of 1-6% (currently at 3.0%), so you can trust your savings will continue to grow. BAA accounts are also eligible for additional interest earnings through Good Experience Credits.

  • Withdraw funds penalty-free at any time

  • No income or age limits for contributions

  • Offers a guaranteed base return

  • Provides the opportunity for a higher return through Good Experience Credits

“My Benefit Accumulation Account outperforms Edward Jones every year.”

Rev. Geraldine Huckman, Retired Clergy

Curious to see how your Pension could grow?

BAA 10 Year Graph 2021

* Base rate listed is the average of the quarterly base rates for the year. Good Experience Credits listed in the year it was received in accounts. Annualized return includes compounding. Data above represents historical data and may not be indicative of future performance.

Is the Benefit Accumulation Account right for me?

What are benefits of the Benefit Accumulation Account (BAA)?

The BAA is a great after-tax savings tool for members who want complete portability and access to their funds at any time. The BAA allows you to withdraw funds penalty-free and has no income or age limit requirements. Your savings will grow based on a competitive, guaranteed base interest rate (currently at 3.0%, higher than many similar products), with the opportunity for even higher returns through Good Experience Credits.

What are the potential drawbacks of the BAA?

The BAA is an after-tax program, which means it won’t reduce your taxable income. It also requires you to have an existing account with Pension Fund (e.g., Pension Plan, Tax-Deferred Retirement Account, Traditional IRA or Roth IRA).

Am I eligible to participate in the BAA?

To be eligible to enroll in the BAA, you must:

  • Have an existing account with Pension Fund (e.g., Pension Plan, Tax-Deferred Retirement Account, Traditional IRA or Roth IRA); OR

  • Be a surviving spouse of a Pension Fund retirement program participant.

  • Spouses who have established a Pension Fund Traditional or Roth IRA are eligible to open their own BAA.*

Other requirements include that you work for a U.S. organization or be receiving a retirement pension from the U.S. Pension Plan and are an individual (not employer, trust or estate). Please consult Pension Fund for a full list of eligibility requirements.

*A spouse of a current or former/retired eligible employee of an employer eligible to participate in the Pension Plan or TDRA, and who files a joint tax return, can establish a Pension Fund Traditional or Roth IRA.

How do I get started?

To open an account, you’ll need a $25 minimum deposit. BAA deposits can be made electronically (ACH or automatic bill payment) or by mailed check. If you receive a pension from Pension Fund, you can also contribute through pension deduction.

Benefit Accumulation Account FAQs

What are Good Experience Credits?

Good Experience Credits are additional interest earnings. Each year, the Pension Fund Board of Directors reviews reserves required for current and future benefits, as well as reserves needed for any potential market declines. When reserves exist above what is required, the Board of Directors may declare Good Experience Credits for all Benefit Accumulation Account (BAA) participants. Over time, these extra earnings can make a significant difference when saving for retirement.

What is the minimum contribution? Is there a maximum contribution?

The minimum contribution to open a BAA account is currently $25. There is currently no maximum contribution amount for a BAA.

Are there income limits to contribute to a BAA?

There are no income or age limits to contribute to a BAA.

How often can I contribute or withdraw funds?

You can contribute BAA funds as often as you like. You are limited to two free withdrawals per month with your account (additional withdrawals are subject to a nominal withdrawal fee).

The accounts maintained to manage and hold the assets of Pension Fund products and interests of such plans are not subject to registration, regulation, or reporting under the Investment Company Act of 1940, the Investment Advisers Act of 1940, the Securities Act of 1933, the Securities Exchange Act of 1934, Title 15 of the United States Code or States Securities Law. Participants and beneficiaries in any and all accounts, therefore, will not be afforded the protections of those provisions.
Unlike federally insured bank deposits, deposits made into accounts held at Pension Fund are not insured or guaranteed by an agency of the United States Government (including FDIC), or any state of the United States.