TIAA Traditional Annuity

*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.