|Financial Performance - TIAA Traditional|
|Rates of Return ending 11/30/2013|
|1 Year||3 Year||5 Year||10 Year||
|Group Supplemental Retirement Annuity||3.00%||3.00%||3.00%||3.59%||3.40%||--|
|Interest Rates for the TIAA Traditional Annuity|
|Accumulating Stage Interest Rates|
|From 03/01/13 to 02/28/14|
|For Premiums Applied||GSRA|
|07/01/13 - 12/31/13||3.00%|
|10/01/11 - 06/30/13||3.00%|
|03/01/11 - 09/30/11||3.25%|
|01/01/10 - 02/28/11||3.00%|
|01/01/09 - 12/31/09||3.50%|
|01/01/08 - 12/31/08||4.25%|
|01/01/00 - 12/31/07||3.50%|
|Prior to 2000||3.75%|
|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. The guaranteed annual interest rate is 3% for all premiums.
Group Supplemental Retirement Annuity (GSRA) 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.
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.
Group Supplemental Retirement Annuity contract form series G1250.1 (GSRA’s are not available in all states.)
Teachers Insurance and Annuity Association (TIAA), New York, NY Issues annuity contracts.