TIAA Traditional Annuity

TIAA Traditional Annuity - Retirement Choice

 

 

Current Crediting Rate for New Premiums and Historical Rates of Return 
TIAA can establish new rates at any time, but these declarations are typically made once a month. How often the rate changes depends on a number of factors. Rates could change every month for several months, or they could hold steady for several months at a time. Declared rates remain in effect until the end of the "declaration year", which begins each March 1st for accumulating annuities.
 

04/23/2014

* Funds applied to TIAA Traditional from April 1, 2014 through April 30, 2014 will be credited with the indicated rates until February 28, 2015. Funds transferred to TIAA Traditional between April 1, 2014 through April 30, 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.

Overview

  • Overview
  • Dividend Frequency

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  • Redemption Fee

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  • Inception Date

    08/01/2005

  • Ticker

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  • CUSIP

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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.

Accumulating Stage Interest Crediting Rates

 
The interest rates include the minimum guaranteed interest rate (1% - 3% for RC contracts) plus any additional amounts of interest that may be declared on a year-by-year basis by TIAA's Board of Trustees. Additional interest, when declared, remains in effect for the "declaration year" that begins each March 1 for accumulating annuities. Additional interest is not guaranteed for future years.
 

Contributions Applied

From 03/01/14 to 02/28/15

07/01/13 - 04/30/144.10%
01/01/12 - 06/30/133.60%
10/01/11 -12/31/114.10%
03/01/11 - 09/30/114.35%
09/01/10 - 02/28/114.10%
01/01/10 - 08/31/104.35%
01/01/09 - 12/31/094.85%
01/01/08 - 12/31/085.35%
08/01/05 - 12/31/074.60%

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 2014 is 1.00%. This rate will continue to be guaranteed to these 2014 contributions and transfers for 10 calendar years.

Payout Stage Interest Rates for Lifetime Annuities Issued During April 2014

 
The interest rates include the minimum guaranteed interest rate (2% for RC contracts) plus any additional amounts of interest that may be declared on a year-by-year basis by TIAA's Board of Trustees. Additional interest, when declared, remains in effect for the "declaration year" that begins each January 1 for payout annuities. Additional interest is not guaranteed for future years.
 

For Benefits Arising From

Interest Rates

2014 vintage3.75%
2012 - 2013 vintages3.50%
2010 - 2011 vintages4.75%
1998 - 2009 vintages5.00%
1992 - 1997 vintages5.50%
Pre-1992 vintages8.25%

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 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.

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