* Funds applied to TIAA Traditional from March 1, 2014 through March 31, 2014 will be credited with the indicated rates until February 28, 2015. Funds transferred to TIAA Traditional between March 1, 2014 through March 31, 2014 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 28, 2015.
The TIAA Traditional Annuity is a guaranteed annuity account backed by TIAA’s claims-paying ability. It guarantees your principal and a contractually specified minimum interest rate, plus it offers the opportunity for additional amounts in excess of this guaranteed rate. These additional amounts are declared on a year-by-year basis by the TIAA Board of Trustees.
From 03/01/14 to 02/28/15
Interest credited to TIAA Traditional Annuity accumulations includes a guaranteed rate, plus additional amounts 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 for accumulating annuities and January 1 for payout annuities. Additional amounts are not guaranteed for the future years. Any guarantees under annuities issued by TIAA are subject to TIAA's claims-paying ability. TIAA Traditional is a guaranteed insurance contract and not an investment for Federal Securities Law purposes. The guaranteed annual interest rate is 3% for all premiums.
For Benefits Arising From
|2012 - 2013 vintages||3.50%|
|2010 - 2011 vintages||4.75%|
|1998 - 2009 vintages||5.00%|
|1992 - 1997 vintages||5.50%|
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%.
Additional amounts are not guaranteed for future years. TIAA Traditional is a guaranteed insurance contract and not an investment for Federal Securities Law purposes. All guarantees are subject to TIAA's claims paying ability.
Keogh contracts allow for transfers and withdrawals. When a participant transfers out of the TIAA Traditional Annuity and transfers back within 120 days, the amount, up to the original transfer, will be credited with the same interest rates that would have applied if the transfer out had not taken place. Such interest will be credited from the date the transfer in was made. Interest will not be paid for the period from the date of transfer out to the date of transfer in. This provision is designed to mitigate the effects of disintermediation by discouraging switching for purposes of obtaining a higher interest rate.
Keogh Annuity Contract form series G1350 (Keoghs are not available in all states)
Teachers Insurance and Annuity Association (TIAA), New York, NY Issues annuity contracts.
Investment, insurance and annuity products are not FDIC insured, are not bank guaranteed, are not deposits, are not insured by any federal government agency, are not a condition to any banking service or activity, and may lose value.