INFOGRAPHIC
TIAA has paid more than the guaranteed amounts every year since this year.
What is 1949
The TIAA general account currently carries this rating from the Standard & Poors credit rating group?
What is AA+
This desktop UD tool has been updated to show a participants payout broken down by each of the income components (i.e. guaranteed and additional)
What is the Retirement Income Illustrator
The AIR (or Assumed Investment Return) used by TIAA in calculating income for participants is what percentage?
What is 4%
In the John Hughes Classic, Pretty In Pink, there is an iconic scene where Andie (Molly Ringwald) is serenaded by her friend in a record store. What is that friends name & what song does he lipsink to her?
Who is Ducky and the song is Try a Little Tenderness.
Consistent with our not for profit heritage, this portion of the additional amounts is returned to those participants that elect to activate their pension.
What are the contingency reserves (aka. the loyalty bonus)
As of late July, the TIAA General Account had approximately this much in pooled assets?
What is $260 billion
This tool helps clients visualize their income options by showing 2 to 3 different scenarios of an income plan.
What is the Retirement Income Review
Through this often overlooked program, participants can "try out" a variable income pension for 2 years before making a final annuitization commitment.
What is the "Income Test Drive"
Who is Sam "Mayday" Malone
Since an actuarial adjustment made to our general account in 1994, how many times have we increased payouts to our participants?
What is 16 times
In the TIAA General Account, what is the approximate allocation between Fixed Income and Alternative Investments?
What is 85% in Fixed Income and 15% in Alternative Investments
This marketing piece compares the impacts of market performance during accumulation, to the markets impact during withdrawal.
What is the Sequence of Returns Risk
When activating a variable pension, the participant can elect one of two payment revaluation frequencies. What are these two options?
What are the Monthly and Annual Revaluation
In this 1980's NBC telievision series, an extra terrestrial crashes into the garage (and lives) of the Suburban Tanner Family.
What is ALF
What is $10 billion in profits with over 2 Million Participants
On the liabilities side of the TIAA General Account Balance Sheet there are three categories of liability. What are those 3 categories?
What are Accumulating Reserves, Payout Reserves and TIAA IRA
In the RIR, what level of spending does the model build out to. Income to cover needs? needs and wants? needs wants and wishes?
What is the clients income needs only
Under the monthly revaluation option, income monthly payments are calculated by looking at the prior months performance through this day.
What is the 20th.
In the movie "Ferris Beullers Day Off," Ferris attempts to work his way into a fancy Chicago restaurant with his friend Cameron and Girlfriend Sloan. What is the name on reservation he takes?
Who is Abe Froman, the Sausage King of Chicago
There have been 4 times that we have had to reduce the payouts to our participants. What years did those reductions occur?
What are 1990, 1992, 1993 and 1994 (primarily 1993 where the majority of changes took place)
The TIAA General account liabilities only represent 82% of the total assets of the account. What is the remaining 18% referred to as and how much in dollars does it currently represent?
What is Surplus Reserves which amount to over $45 Billion as of late July this year.
The income recovery list is a great resource that helps us identify clients currently "liquidating" their pension. Clients on this list are over this age and have TIAA balances of more than this amount?
What is over the age of 65 and with TIAA Traditional balances over $100,000
Often thought to be one of the more confusing aspects of variable income, changes to the income payment can be easily simplified using this formula?
What is current year/months payout x (1+Market performance) / divided by 1.04
In the cult classic film "Back to the Future,"who invented the flux capacitor and on what date?
Double or Nothing: At what speed does the capacitor equipped DeLorean initiate time travel?
Triple or Nothing: How much electrical current doe the flux capacitor require for it to be activated?
Who is Emmett "Doc" Brown Ph.D. on November 5th 1955
What is 88 Miles Per Hour
What is 1.21 Gigawatts