Planning for lifetime income with growth potential and low costs2

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There are eight CREF Variable Annuity Accounts—all designed to help your employees to and through retirement

Your employees put money in

  • through your retirement plan or an IRA
  • with potential for growth to keep pace with inflation

And take money out

  • as a stream of income payments that suits their needs
  • as scheduled withdrawals or in a lump sum payment

Lifetime income has been the foundation of TIAA investment solutions


CREF’s variable lifetime income is powered by TIAA’s legacy of experience, stability and longevity


CREF variable annuities have delivered competitive long-term investment performance compared to similar investments1

Commitment to value

CREF can be a low-cost2 alternative to out-of-plan variable lifetime income solutions so participants have more of their money working for them
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1 Corporate Actuarial, Morningstar: When compared to theoretical 4% systematic withdrawal amounts from similarly invested peer groups, CREF, as represented by CREF stock, has historically paid higher levels of lifetime annuity income which has ranged from 5.9% to 6.8%. There are material differences between mutual funds and CREF variable accounts. Mutual fund capital-gain distributions or dividends paid are added to the number of shares owned (number of shares increase). CREF account capital-gain distributions or dividends are added to the unit value (number of units stay constant). Mutual fund withdrawals are only available as one-time or systematic withdrawals. CREF accounts include the right to receive an income stream (a binding decision to receive annuity payments) from all or part of an account’s accumulation. CREF accounts deduct a mortality and expense-risk charge of 0.005%.
©2018 Morningstar, Inc. All Rights Reserved.
The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Neither TIAA nor its affiliates have independently verified the accuracy or completeness of this information.
Annuity account options are available through contracts issued by TIAA or CREF. These contracts are designed for retirement or other long-term goals, and offer a variety of income options, including lifetime income.
CREF Variable annuity products are issued by College Retirement Equities Fund, New York, NY.
Any guarantees under annuities issued by TIAA are subject to TIAA's claims-paying ability. Payments from the variable annuity accounts are not guaranteed and will rise or fall based on investment performance.
Money Market Funds are not insured or guaranteed by the FDIC or any other government agency. Although the funds seek to preserve the value of your investment at $1 per share, it is possible to lose money by investing in the fund.
2 Applies to mutual fund and variable annuity expense ratios. Source: Morningstar Direct, June 30, 2018. 78% of TIAA-CREF mutual fund products and variable annuity accounts have expense ratios that are in the bottom quartile (or 97.79% below median) of their respective Morningstar category.
Our mutual fund and variable annuity products are subject to various fees and expenses, including but not limited to management, administrative, and distribution fees; our variable annuity products have an additional mortality and expense risk charge.