Compare different versions of TIAA Traditional*.
TIAA Traditional comes in different versions, or contract types, that are selected by your employer for your retirement plan. You may have access to multiple versions and can view your available options.
*Issued by Teachers Insurance and Annuity Association of America (TIAA), New York, NY.
Understanding TIAA Traditional liquidity
Delayed liquidity = maximum growth
These contracts historically provide higher interest rates than our fully liquid contracts in exchange for some limitations on transfers and withdrawals.
Full liquidity = maximum flexibility
You can freely move in and out of these contracts as desired in exchange for a slightly lower interest rate as you save for retirement.
| Delayed liquidity contracts | Full liquidity contracts |
|---|---|
Retirement Choice (RC) Lump sum withdrawals are available within 120 days after termination of employment with a 2.5% surrender charge. All other transfers and withdrawals must be paid in installments over an 84-month period (not subject to a surrender charge). |
Retirement Choice Plus (RCP) Lump sum transfers and withdrawals are available at any time with no surrender charges.1 Under some contracts, transfers to competing funds must first be transferred to non-competing funds where it must remain for 90 days.2 |
Group Retirement Annuity (GRA) Lump sum withdrawals are available within 120 days after termination of employment with a 2.5% surrender charge.All other transfers and withdrawals must be paid in 10 annual installments (not subject to a surrender charge). |
Group Supplemental Retirement Annuity (GSRA) Lump sum transfers and withdrawals are available at any time with no surrender charges.1 |
Retirement Annuity (RA) Transfers and withdrawals must be paid in 10 annual installments (not subject to a surrender charge). |
Supplemental Retirement Annuity (SRA) Lump sum transfers and withdrawals are available at any time with no surrender charges.1 |
TIAA Traditional income, transfer and withdrawal options by contract type
Income options
|
Retirement Annuity (RA) |
Group Retirement Annuity (GRA) |
Supplemental Retirement Annuity (SRA) |
Group Supplemental Retirement Annuity (GSRA) |
Retirement Choice Annuity (RC) |
Retirement Choice Plus Annuity (RCP) |
|---|---|---|---|---|---|---|
| Lifetime income | ||||||
| Fixed period annuity |
5-30 years (after |
2-30 years |
5-30 years |
|||
Interest only option (IPRO) |
||||||
| Required minimum distribution |
Transfer/withdrawal options
Retirement (RA) |
Group retirement (GRA) |
Supplemental (SRA) |
Group Supplemental Retirement Annuity (GSRA) |
Retirement Choice (RC) |
Retirement Choice (RCP)3 |
|
|---|---|---|---|---|---|---|
| Lump-sum withdrawal |
Only within 120 days after termination; subject to a 2.5% surrender charge |
Only within 120 days after termination; subject to a 2.5% surrender charge |
||||
| Transfer payout annuity |
10 payments over 9 |
10 payments over 9 |
84 monthly installments |