Retirement Investments & IRAs: Interest Rates

* Interest credited to TIAA Traditional Annuity accumulations includes a guaranteed rate, plus additional amounts that are not guaranteed but may be established on a year-by-year basis by the TIAA Board of Trustees. The additional amounts, when declared, remain in effect through the "declaration year," which begins each March 1. 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, Retirement Choice Plus and IRA (issued on or after 10/11/2010) Annuities the guaranteed rate is between 1% and 3%, as specified in the contract. TThe minimum guaranteed rate applicable to contributions and transfers into the TIAA Traditional Account under RCP, IRA (issued on or after 10/11/2010) and TIAA Stable Return Annuity contracts from December 1, 2011 through December 31, 2011 is 1.25%. New funds applied to TIAA Traditional & Stable Return Annuity from December 1, 2011 through December 31, 2011 will be credited with the indicated rates until February 28, 2011. Funds transfered to TIAA Traditional & TIAA Stable Return Annuity between December 1, 2011 through December 31, 2011 will begin earning interest at the beginning of the next calendar day following the effective date of the transfer, and will be credited with the indicated rates through February 29, 2012

** For accumulations other than Retirement Choice (RC), Retirement Choice Plus (RCP), IRA contracts (issued on or after 10/11/2010) and TIAA Stable Return Annuity, the above rates also apply to additional amounts credited during each period.

*** Actual annuity income amounts are based on these interest rates and assumed mortality rates. Rates apply to annuities using the Standard Payment Method. First-year benefits under the Graded Payment Method are based on a 4% total rate. Payments in subsequent years using the Graded Payment Method increase to reflect the difference between the Standard Payment Method additional amount rate that would have applied in the prior year and 4%. Payouts resulting from IRAs issued on or after 10/11/2010 will be made according to the most recent payout interest rate. Note: the payout interest rate for all IRA Minimum Distribution Options and IRAs resulting from divorce settlements when the originating contract was issued before 10/11/2010 will be from the corresponding payout vintage(s) noted.

****These rates apply to IRA contracts issued on or after 10/11/2010. Note: All IRA Minimum Distribution Option contracts and IRA contracts issued as a result of a divorce settlement will be given the same rate as the originating contract.

Retirement plans may not offer all contract types shown above.

TIAA Traditional is a guaranteed insurance contract and not an investment for Federal Securities Law purposes.

Annuity products are issued by TIAA (Teachers Insurance and Annuity Association), New York, NY.

Retirement Annuity (RA) TIAA Contract form series 1000.24
Group Retirement Annuity (GRA) contract form series G-1000.4 or G-1000.5; G1000.6 or G1000.7 (not available in all states)
Retirement Choice TIAA Contract form Series IGRS-01-5-ACC, IGRS-01-60-ACC, and IGRS-01-84-ACC; TIAA Certificate Series IGRS-CERT1-5-ACC, IGRS-CERT1-60-ACC, IGRS-CERT1-84-ACC
Supplemental Retirement Annuity (SRA) TIAA Contract form series 1200.8
Group Supplemental Retirement Annuity (GSRA) TIAA Contract form series G1250.1 (GSRA’s are not available in all states)
Retirement Choice Plus TIAA Contract form Series IGRSP-01-5-ACC, IGRSP-01-60-ACC, IGRSP-01-84-ACC; TIAA Certificate Series - IGRSP-CERT1-5-ACC, IGRSP-CERT1-60-ACC, IGRSP-CERT1-84-ACC;
IRA Annuity TIAA Contract form series 1280.2 or 1280.4 (not available in all states), or TIAA-IRA-01
Roth IRA Annuity TIAA Contract form series 1280.3 or 1280.5 (not available in all states), or TIAA-Roth-01
Keogh TIAA Contract form series G1350 (Keoghs are not available in all states)