* Funds applied to TIAA Traditional from March 1, 2015 through March 31, 2015 will be credited with the indicated rates until February 29, 2016. Funds transferred to TIAA Traditional between March 1, 2015 through March 31, 2015 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, 2016.
From 03/01/15 to 02/29/16
|06/01/14 - 03/31/15||3.85%|
|07/01/13 - 05/31/14||4.10%|
|01/01/12 - 06/30/13||3.60%|
|01/01/10 - 12/31/11||4.10%|
|01/01/09 - 12/31/09||4.60%|
|01/01/08 - 12/31/08||5.10%|
|08/01/05 - 12/31/07||4.35%|
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. These additional amounts, when declared, remain in effect through the end of the "declaration year", which begins each March 1. For Retirement Choice Annuity the guaranteed rate is between 1% and 3%, as specified in the contract. The minimum guaranteed rate applicable to contributions and transfers into the TIAA Traditional Annuity account under RC contracts during 2015 is 1.00%. This rate will continue to be guaranteed to these 2015 contributions and transfers for 10 calendar years.
For Benefits Arising From
|2014 - 2015 vintages||3.00%|
|2012 - 2013 vintages||3.25%|
|2010 - 2011 vintages||4.25%|
|1998 - 2009 vintages||4.50%|
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.
For Retirement Choice Annuity (RC) contracts, subject to the terms of your employer's plan, within 120 days after termination of employment, withdrawals from the TIAA Traditional Annuity may be made available in a lump sum. Such withdrawals are subject to a 2.5% surrender charge. At all other times, withdrawals and transfers from TIAA Traditional must be spread over an 84-month period (7 years) in monthly systematic payments.
Retirement Choice Contract form Series IGRS-01-5-ACC, IGRS-01-60-ACC, and IGRS-01-84-ACC, Certificate Series IGRS-CERT1-5-ACC, IGRS-CERT1-60-ACC, IGRS-CERT1-84-ACC
Teachers Insurance Annuity Association of America (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.