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TIAA Traditional lifetime income increases for 2018
For the 16th time in 25 years, the TIAA Board of Trustees has voted to increase lifetime income payments (guaranteed income plus additional amounts) from TIAA Traditional.
This decision reflects the relatively strong capital position of the General Account, which supports the TIAA Traditional guaranteed fixed annuity. Although participants in the TIAA Traditional Annuity cannot invest directly in the General Account portfolio, its investment performance supports the annuity’s minimum guaranteed returns, additional amounts and payout obligations.
The details of the decision
- Standard Payment Method payments will increase by about 1% in 2018
- Graded Payment Method annuitants will receive an increase in 2018 as well. Your exact increase depends on when your contributions were made to TIAA and when you began to receive income benefits
Learn more about how TIAA Traditional Annuity provides guaranteed income for life.
This material is for informational or educational purposes only and does not constitute a recommendation or investment advice in connection with a distribution, transfer or rollover, a purchase or sale of securities or other investment property, or the management of securities or other investments, including the development of an investment strategy or retention of an investment manager or advisor. This material does not take into account any specific objectives or circumstances of any particular investor, or suggest any specific course of action. Investment decisions should be made in consultation with an investor’s personal advisor based on the investor’s own objectives and circumstances.
TIAA Traditional is issued by Teachers Insurance and Annuity Association of America, New York, NY.
Annuity contracts contain exclusions, limitations, reductions of benefits and may contain terms for keeping them in force. We can provide you with costs and complete details.
TIAA Traditional is a guaranteed insurance contract and not an investment for Federal Securities Law purposes.
Interest credited to TIAA Traditional Annuity accumulations includes a guaranteed rate, plus additional amounts as may be established on a year-by-year basis by the TIAA Board of Trustees. Additional payment amounts, when declared, remain in effect through the “declaration year”, which begin January 1 for payout annuities. Additional amounts are not guaranteed for the future years. TIAA Traditional's guarantees are backed by the claims-paying ability of Teachers Insurance and Annuity Association of America.
The TIAA Traditional Annuity Retirement Annuity (RA) contract form series 1000.24; Group Retirement Annuity (GRA) certificate form series G-1000.4 or G-1000.5/G1000.6 or G1000.7 (not available in all states); Supplemental Retirement Annuity (SRA) contract form series 1200.8; Group Supplemental Retirement Annuity (GSRA) certificate form series G1250.1; Retirement Choice (RC) contract form series IGRS-01-84-ACC and IGRS-02-ACC; Retirement Choice certificate series IGRS-CERT2-84-ACC and IGRS-CERT3-ACC; Retirement Choice Plus contract form series IGRSP-01-84-ACC and IGRSP-02-ACC; Retirement Choice Plus certificate series IGRSP-CERT2-84-ACC and IGRSP-CERT3-ACC; Group Annuity (GA) contract form series 6008.8 and 6008.9-ACC; After-Tax Retirement Annuity (ATRA) contract form series 1000.24-ATRA; IRA contract form series 1280.2, 1280.4 (not available in all states and generally no longer issued), or TIAA-IRA-01 and Roth IRA contract form series 1280.3 or 1280.5 (not available in all states and generally no longer issued), or TIAA-Roth-01; and Keogh certificate form series G1350 (not available in all states) are issued by Teachers Insurance and Annuity Association of America, 730 Third Avenue, New York, NY 10017.