|Interest Crediting Rates and Contract Fees - TIAA Stable Value|
|Current Rates & Contract Fees as of 10/31/2015|
|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||1.80%||0.00%||0.00%||0.00%||0.00%||0.00%||0.00%||1.80%|
|Rates of Return for Standard Reporting Periods - TIAA Stable Value|
|Cumulative as of 09/30/2015||Average Annual Total Returns as of 09/30/2015|
|1 Month||3 Months||YTD||1 Year||3 Year||5 Year||10 Year||Since Inception||Inception Date†|
The Guaranteed Minimum Rate as of 10/31/2015 is 1.00%
Withdrawals and transfers
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.
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. 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.