TIAA-CREF Enrollment Application
Retirement Annuities (RA) -- TIAA-CREF Retirement Annuities (RA) for Your Basic Retirement Plan. (Your money or Duke's money can go into an RA account)
Your employer contributes premiums on your behalf to your TIAA-CREF Retirement Annuities to fund its retirement plan.
Usually the contribution is a specified percentage of your salary. And you may be able or required to contribute some
of your salary to your retirement plan. The Retirement Annuity (RA) TIAA Traditional Fund has a guarantee of principal
and interest. The interest is 0.5% higher than the GSRA but has a restriction on how quickly you can withdraw or transfer
money. You may only withdraw or transfer money at 10% per year, therefore it would take 10 years to withdraw all your money out of the plan.
Group Supplemental Retirement Annuity (GSRA) -- TIAA-CREF GSRAs for Extra Retirement Savings. (Only your money can go into a GSRA account)
TIAA-CREF GSRAs are tax-deferred annuities to help you build additional retirement income. Contributions come from
your salary automatically, before you get your paycheck and taxes are taken out. You pay less in taxes now, and no taxes
on your contributions or earnings until you receive them as income. The Group Supplemental Retirement Annuity (GSRA) TIAA
Traditional Fund pays less interest (0.5% lower) than RA but there is no 10-year restriction. The remaining funds pay
exactly the same interest. You also have the option of taking out a loan with this contract.
Please call TIAA-CREF at (800) 842-2776 for more information. Mail all forms to Benefits Administration/403(b) Plan,
705 Broad Street, Box 90502, Durham, NC 27708.
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* Some Duke HR forms may require you to list your Duke Unique ID. If you do
not know or are unsure of your Duke Unique ID, you can look it up
here.
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