TIAA and CREF Annuities Combined

If you own a CREF contract, you may have part or all of your CREF accumulation transferred and applied as a premium for a TIAA contract at any time up to and including the date you start to receive your TIAA-CREF annuity income. Contributions invested in CREF may be transferred to TIAA in total or partial transfers in multiples of $1,000.

Transfers may be made in a lump sum or in installments of at least $1,000 on any business day. The funds transferred are used to purchase TIAA annuity benefits, buying the same annuity benefits as other TIAA premiums. There is no expense charge.

You may transfer your TIAA funds into your CREF account by using the transfer payout annuity over a 10-year period.