TIAA Stable Value

State of Rhode Island Defined Contribution Retirement Plan

A Fixed Annuity Providing Capital Preservation & Income

Safety made simple

TIAA Stable Value makes it easy to save for retirement and to guarantee a portion of your retirement portfolio. With TIAA Stable Value, you receive a guaranteed minimum interest rate, the potential for interest crediting rates to be declared above the guaranteed minimum and the assurance that your accumulation will never decline in value.*

What’s more, because it is “liquid,” you can access your money to make transfers and withdrawals.** And when you retire, you have the option to choose from a variety of income options, including lifetime annuities guaranteed by TIAA, so you can’t outlive your money.*** Alternatively, you may elect a lump sum distribution of your accumulation.

Safety, stability, liquidity and the option for a steady stream of retirement income—if these are high on your priority list, consider making TIAA Stable Value part of your long-term, diversified retirement strategy.

Interest crediting rates, contract fees and performance for your plan's TIAA Stable Value contract is shown below.

Fund Facts >>

 Plan Name: State of Rhode Island Defined Contribution Retirement Plan       Plan Number: 405868

Interest Crediting Rates and Contract Fees - TIAA Stable Value
  Current Rates & Contract Fees as of 10/31/2014
  Declared Rate Administration Fee Multi-Vendor Risk Fee Gross-up Fee 1 Gross-down Credit 1 Discontinuance Fee 2 Total Contract Fees Net Rate 3
State of Rhode Island Defined Contribution Retirement Plan 1.90% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 1.90%
Rates of Return for Standard Reporting Periods - TIAA Stable Value
Cumulative as of 09/30/2014 Average Annual Total Returns as of 09/30/2014
1 Month 3 Months YTD 1 Year 3 Year 5 Year 10 Year Since Inception Inception Dateā€ 
0.15% 0.48% 1.47% 1.91% -- -- -- 1.87% 03/31/2012

The Guaranteed Minimum Rate as of 10/31/2014 is 1.00%

ADDITIONAL INFORMATION:

Interest rates

  • While you’re contributing to TIAA Stable Value, the minimum guaranteed interest rate you receive will always be between 1% and 3% (before contract fees are deducted as described below). The minimum guaranteed rate is subject to change every six months.
  • TIAA seeks to declare actual crediting rates that are higher than the minimum guaranteed rate.**** Declared crediting rates are reviewed and may be reset every six months (on January 1 and July 1). TIAA guarantees that the declared crediting rate will not decline by more than 75 basis points (0.75%) each time it is reset.
  • A single interest crediting rate applies to the entire amount of your existing accumulation (and contributions made) during each six-month rate guarantee period.

Withdrawals and transfers

  • TIAA Stable Value is “liquid,” which means you have access to your money to make withdrawals or transfers (if your plan permits).** Withdrawals and transfers are paid without any surrender charges or adjustments based on market fluctuations.
  • If your plan offers investment options known as “competing funds” (for example, a money market account, short-term bond funds, self-directed brokerage accounts or the TIAA Real Estate Account), and you want to transfer money from TIAA Stable Value to one of those options, the amount you transfer must first be directed to a non-competing option (for example, a stock fund or long-term bond fund), where it must remain for 90 days before being transferred to the competing fund.
  • To minimize the negative effects of frequent trading, transfers into TIAA Stable Value may not be made for 30 days following a transfer out.

Contract fees

  • Contract fees have the effect of reducing the amount of interest credited. Contract fees include amounts intended to offset recordkeeping and administrative expenses, as well as other contract-specific charges that may apply.3
  • The deduction of contract fees may result in your accumulation growing at a rate that is less than the minimum guaranteed interest rate. However, the value of your account will never decrease, even after contract fees have been deducted.

If your plan offers TIAA Stable Value please log into your account to obtain additional information.
 

TIAA Stable Value may not be available under the terms of your employer's plan. In addition, TIAA Stable Value may not be available in all states. To find out if it is offered in your state, please call 800 842-2252.

* TIAA Stable Value is offered through a group annuity contract issued by TIAA. During the accumulation phase, the annuity’s guarantees are backed by a pooled separate account of TIAA that is insulated from any potential claims of TIAA’s creditors or General Account policyholders. 

** Withdrawals prior to age 59 ½ may be subject to a 10% federal tax penalty on earnings.

*** Lifetime annuities are paid from TIAA’s General Account, are subject to TIAA's claims-paying ability and are not backed by the insulated separate account.

**** Although the liability to provide contract guarantees and accumulations are backed by the assets in the separate account, any amount to be credited above the minimum guaranteed rate is determined by TIAA. Contract holders and plan participants do not participate in, and do not receive the earnings of, the assets in the separate account.

† The TIAA Stable Value Inception Date shown above represents the date that the plan's TIAA Stable Value record was initiated on TIAA-CREF's recordkeeping system which may be earlier than the date of the first deposit to the contract. Since Inception performance is calculated from this date.

1.
If the amount of the lump sum cash proceeds originally deposited to the contract by the Contract holder was different than the aggregate of the participant accumulation records as a result of a market value adjustment or surrender charge assessed by the plan's prior provider(s), then a Gross-up Fee or Gross-down Credit may apply during a temporary period. If a Gross-up Fee applies it serves to increase the total Contract Fees. If a Gross-down Credit applies it serves to reduce the total Contract Fees.
2.
If the contract is discontinued by the Contract holder a Discontinuance Fee of, at most, 75 basis points (0.75%) may apply during the deferred payout period.
3.
The "Net Rate" represents the Declared Interest Crediting Rate, less applicable Contract Fees.

Important Information

TIAA Stable Value is a guaranteed annuity contract issued by Teachers Insurance and Annuity Association (TIAA), New York, NY 10017. Contributions from different plans are pooled together and deposited in a non-unitized pooled separate account of TIAA. This guaranteed annuity contract is not considered to be an “investment” or “security” under federal securities laws. In addition, the contract provides a guaranteed minimum rate of interest of between 1% and 3% (before deductions for contract fees). Contract fees are described in the annuity contract and are collected on a daily basis. Payment obligations and the fulfillment of the guarantees provided for in the contract in the accumulation phase are supported by the assets in the separate account. If the assets in the separate account are insufficient to meet these obligations, the shortfall is supported by the General Account of TIAA and is therefore subject to TIAA’s claims-paying ability. Lifetime annuity payments are provided by TIAA, are subject to TIAA’s claims paying ability, and are not supported by the assets in the separate account. Past interest rates are not indicative of future interest rates. The percentage shown in the Net Expense Ratio Column represents amounts that TIAA has recently included as estimates for product costs and costs associated with managing and maintaining the separate account when determining Declared Rates. The percentage shown also includes any contract-specific TIAA Stable Value fees that may apply (e.g. Administration Fee, Multi-Vendor Risk Fee, etc.). This product is not a mutual fund, variable annuity or bank product. The obligations of TIAA are not insured by the FDIC or any other federal governmental agency.

As provided for in the annuity contract, restrictions may apply to certain plan sponsor and/or participant initiated transactions. Please refer to the annuity contract or certificate for further details.

Contract Forms: TIAA Stable Value TIAA Contract form series - SV-01, TIAA Certificate series - SV-CERT1


TIAA-CREF Individual & Institutional Services, LLC, and Teachers Personal Investors Services, Inc., and Nuveen Securities, LLC, members FINRA and SIPC, distribute securities products. You should consider the investment objectives, risks, charges and expenses carefully before investing. Please click here or call 877 518-9161 for a product and the underlying fund prospectuses that contains this and other information. Please read the prospectus carefully before investing. Investment, insurance and annuity products are not FDIC insured, are not bank guaranteed, are not deposits, are not insured by any federal government agency, and are not a condition to any banking service or activity and may lose value.

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