Get the free TIAA-CREF SUPPLEMENTAL RETIREMENT ANNUITY (SRA) PROGRAM - baruch cuny

This document is a Salary Reduction Agreement enabling employees to specify a percentage of their salary to be contributed to a Supplemental Retirement Annuity Program with TIAA-CREF for the year

How to fill out tiaa-cref supplemental retirement annuity

How to fill out TIAA-CREF SUPPLEMENTAL RETIREMENT ANNUITY (SRA) PROGRAM

1. Obtain the TIAA-CREF Supplemental Retirement Annuity (SRA) program application form from the TIAA-CREF website or your employer's HR department.
2. Carefully read the instructions provided with the form to understand the requirements.
3. Fill out your personal information, including your name, address, Social Security number, and contact details.
4. Indicate your employment information, including your employer's name and your job title.
5. Select the type of contributions you wish to make (e.g., pre-tax or Roth after-tax contributions).
6. Determine your contribution amount, ensuring it complies with IRS limits and any employer-specific guidelines.
7. Review the investment options available to you within the SRA program and select your preferred allocation.
8. Complete any required beneficiary designation forms to specify who will receive benefits in the event of your death.
9. Sign and date the application form, confirming all provided information is accurate to the best of your knowledge.
10. Submit the completed form to TIAA-CREF or your employer's HR department as instructed.

Who needs TIAA-CREF SUPPLEMENTAL RETIREMENT ANNUITY (SRA) PROGRAM?

1. Individuals looking to supplement their retirement savings beyond standard employer-sponsored plans.
2. Employees of educational institutions or non-profit organizations who want additional tax-advantaged retirement savings options.
3. People seeking flexible investment options to align with their retirement goals and risk tolerance.
4. Those who wish to take advantage of both pre-tax and after-tax contribution opportunities for their retirement planning.

People Also Ask about

What is a disadvantage of a retirement annuity?

While annuities offer benefits such as guaranteed income, tax-deferred growth, and protection against outliving savings, they also come with drawbacks like high fees, limited liquidity and potentially lower returns compared to other investments.

What is the TIAA controversy?

On August 5, three Named Plaintiffs sued TIAA and Morningstar in the S.D.N.Y., claiming Defendants engaged in a “scheme to enhance corporate profits” by counseling participants to invest in two of TIAA's most lucrative investment vehicles. Plaintiffs target ERISA and non-ERISA plans.

What is the difference between TIAA and TIAA CREF?

What is the difference between TIAA and CREF? Though you often hear them used together, TIAA and CREF are different things. TIAA is our company name, while CREF is a variable annuity that we created and provide to our customers. Because we made CREF, you may hear people refer to it as TIAA CREF.

Are TIAA and TIAA-CREF the same?

What is the difference between TIAA and CREF? Though you often hear them used together, TIAA and CREF are different things. TIAA is our company name, while CREF is a variable annuity that we created and provide to our customers. Because we made CREF, you may hear people refer to it as TIAA CREF.

What is a TIAA SRA?

For Supplemental Retirement Annuity (SRA) contracts, TIAA Traditional guarantees your principal and a 3% minimum annual interest rate for all premiums remitted since 1979. The account also offers the opportunity for additional amounts in excess of the guaranteed rate.

Is TIAA-CREF now just TIAA?

The Teachers Insurance and Annuity Association of America-College Retirement Equities Fund (TIAA, formerly TIAA-CREF) is an American financial services organization that is a private provider of financial retirement services in the academic, research, medical, cultural and governmental fields.

What does cref mean in TIAA?

In 1952 TIAA introduced the College Retirement Equities Fund (CREF), the first-ever variable annuity, to help savers keep pace with inflation and take advantage of market growth.

What is the new name for TIAA-CREF?

Nuveen market commentary Effective 01 May 2024, the Funds' name changed from TIAA-CREF Lifestyle Funds to Nuveen Lifestyle Funds.

For pdfFiller’s FAQs

What is TIAA-CREF SUPPLEMENTAL RETIREMENT ANNUITY (SRA) PROGRAM?

The TIAA-CREF Supplemental Retirement Annuity (SRA) Program is a retirement savings plan designed to provide additional financial security for individuals, allowing them to invest a portion of their earnings in tax-deferred annuities to supplement their retirement income.

Who is required to file TIAA-CREF SUPPLEMENTAL RETIREMENT ANNUITY (SRA) PROGRAM?

Individuals participating in the TIAA-CREF SRA program who are seeking to contribute additional funds to their retirement savings are required to file, as well as employers facilitating the plan.

How to fill out TIAA-CREF SUPPLEMENTAL RETIREMENT ANNUITY (SRA) PROGRAM?

To fill out the TIAA-CREF SRA program forms, individuals must provide personal information, select contribution amounts, specify investment choices, and sign the application to confirm participation in the program.

What is the purpose of TIAA-CREF SUPPLEMENTAL RETIREMENT ANNUITY (SRA) PROGRAM?

The purpose of the TIAA-CREF SRA program is to help individuals build a larger retirement nest egg through additional tax-deferred contributions, thereby enhancing their financial security during retirement.

What information must be reported on TIAA-CREF SUPPLEMENTAL RETIREMENT ANNUITY (SRA) PROGRAM?

Information that must be reported includes personal identification details, contribution amounts, choices of investment options, and any changes to employment status affecting the program.