TIAA Traditional Annuity

A guaranteed annuity backed by TIAA's claims-paying ability, TIAA Traditional (PDF) guarantees your principal and a minimum interest rate,¹ plus it offers the opportunity for additional amounts in excess of the guaranteed rate.* These additional amounts, when declared by the TIAA Board of Trustees, remain in effect for the "declaration year" that begins each March 1. TIAA has credited additional amounts of interest every year since 1948.

*If you have a Retirement Annuity (RA) contract, the TIAA annuity contract does not allow lump-sum cash withdrawals from the TIAA Traditional Annuity and transfers must be spread over a ten-year period. If you have a Group Retirement Annuity (GRA) contract, lump-sum withdrawals are available from the TIAA Traditional Annuity only within 120 days after termination of employment and are subject to a surrender charge. All other withdrawals and transfers to the Real Estate Account or to CREF must be spread over a ten-year period (five years for withdrawals after termination of employment).

1. Interest credited to TIAA Traditional Annuity accumulations includes a guaranteed rate, plus additional amounts that are established on a year-by-year basis. The guaranteed annual interest rate is 3% for all premiums remitted since 1979 under all TIAA Traditional Annuity accumulating contracts, except that for Retirement Choice Annuities the guaranteed rate is between 1% and 3%, as specified in the contract. The additional amounts, when declared, remain in effect through the "declaration year," which begins each March 1.

Retirement Annuity contract form series 1000.24;
Group Retirement Annuity contract form series G-1000.4 and G-1000.5;
Supplemental Retirement Annuity contract form series 1200.8;
Group Supplemental Retirement Annuity contract form series G1250.1;
IRA Annuity contract form series 1280.2;
Roth IRA Annuity contract form series 1280.3;
Keogh Annuity contract form series G1350.

Teachers Insurance and Annuity Association (TIAA), New York, NY, issues annuity contracts.