|Financial Performance - TIAA Traditional|
|Rates of Return ending 11/30/2013|
|1 Year||3 Year||5 Year||10 Year||
|Interest Rates for the TIAA Traditional Annuity|
|Accumulating Stage Interest Rates|
|From 03/01/13 to 02/28/14|
|For Premiums Applied||RC|
|09/01/13 - 12/31/13||4.10%|
|08/01/13 - 08/31/13||3.95%|
|07/01/13 - 07/31/13||3.75%|
|03/01/13 - 06/30/13||3.35%|
|01/01/13 - 02/28/13||3.30%|
|01/01/12 - 12/31/12||3.35%|
|10/01/11 - 12/31/11||3.85%|
|03/01/11 - 09/30/11||4.35%|
|09/01/10 - 02/28/11||3.85%|
|06/01/10 - 08/31/10||4.10%|
|01/01/10 - 05/31/10||4.35%|
|01/01/09 - 12/31/09||4.85%|
|01/01/08 - 12/31/08||5.35%|
|08/01/05 - 12/31/07||4.60%|
|Payout Stage Interest Rates for Lifetime Annuities Issued During December 2013|
|For Benefits Arising From:||
|2010 - 2011 vintages||4.25%|
|1998 - 2009 vintages||4.50%|
|1992 - 1997 vintages||5.00%|
New funds applied to TIAA Traditional Annuity from December 1, 2013 through December 31, 2013 will be credited with the indicated rates until February 28, 2014. The above rates also apply to additional amounts credited during each period. Funds transferred to TIAA Traditional between December 1, 2013 through December 31, 2013 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, 2014.
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 2013 is 1.00%. This rate will continue to be guaranteed to these 2013 contributions and transfers for 10 calendar years.
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.
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.
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.