TIAA/CREF TR-Accum & TR-Annuity Est (Annual Revaluation)

[Admin/YBB]

3/31/21-3/31/22

VA                                    3/31/21       3/31/22       TR-Accum       TR-AnnuityEst       TR-AnnuityAct

QREARX (T-REA)               446.4685      542.7516       +21.57%            +16.89%          +17.67%

QCGLIX (Global)               258.8077      271.2835       +4.82%              +0.79%            +1.17%

QCSTIX (Stock)                699.6414      740.0118       +5.77%              +1.70%            +3.07%

QCEQIX (Equity Idx)         349.2500      390.5884       +11.83%             +7.53%           +8.26%

QCGRIX (Growth)             341.2116      358.1249       +4.96%              +0.92%            +1.70%

QCSCIX (Social Ch)           317.8147      328.1537       +3.25%              -0.72%             -0.34% (not -0.0034%)


QCILIX (Inflation)             79.4372         82.5884        +3.97%              -0.03%            +0.01%

QCBMIX (Bond)                139.9653      134.1839        -4.13%               -7.82%            -7.98%

TR-AnnuityEst(imate) applies AIR of 4% to TR-Accum(ulation).
TR-AnnuityAct(ual) will differ due to mortality and expenses. I will add data as posters report (Annuitant Newsletter has this info).

Later Notes: All (except CREF Bond) annuitized VAs have mortality "credits" (highest for CREF Stock as has been its history; this as some people in the annuity pool die earlier than expected). CREF Bond has a small mortality "penalty" (strange, meaning that people in this pool are living longer than expected).
April 2022 TIAA OUTREACH Newsletter  www.tiaa.org/public/pdf/outreach.pdf

[Admin/YBB]

These are the early estimates (5th Column) for annual revaluations of annuitized payouts from TIAA/CREF annuities. They are based on the performance data from 3/31/22 to 3/31/23 & the actual changes (6th Column) will become effective on 5/1/23.

VA                           3/31/22   3/31/23   TR-Accum   TR-AnnuityEst   TR-AnnuityAct

QREARX (T-REA)       542.75    543.52        +0.14%      -3.71%            -3.57%

QCGLIX (Global)       271.28     254.13       -6.32%       -9.92%           -10.88%

QCSTIX (Stock)        740.01     687.68       -7.07%        -10.65%        -11.15%

QCEQIX (Equity Idx) 390.58     356.75       -8.66%        -12.17%         -13.43%

QCGRIX (Growth)     358.12     315.37       -11.94%      -15.32%         -17.27%

QCSCIX (Social Ch)  328.15     310.98        -5.23%       -8.88%            -8.74%


QCILIX (Inflation)     82.59       80.61         -2.40%       -6.15%             -5.34%

QCBMIX (Bond)       134.18      127.81       -4.75%       -8.41%             -8.77%

TR-AnnuityEst(imate) applies AIR of 4% to TR-Accum(ulation).

TR-AnnuityAct(ual) will differ due to mortality and expenses. The data for actual changes will be added as they become available (the TIAA Outreach Newsletter for April 2023 will have this info).

Edit/Add, 4/19/23. The last column (#6 for actual changes) has been updated with the TIAA Outreach, April 2023 (download to save the issue). Small mortality credits are seen only for T-REA, CREF Social Choice and CREF ILB.
www.tiaa.org/public/pdf/outreach.pdf

[Admin/YBB]

TIAA/CREF TR-Accum & TR-Annuity Est (Annual Revaluation)

These are the early estimates (5th Column) for annual revaluations of annuitized payouts from TIAA/CREF annuities. They are based on the performance data for accumulation annuities (4th column) from 3/31/23 to 3/31/24 (really, 3/28/24). The actual changes (6th Column) will be complete when the TIAA Outreach is issued around mid-April (it may include some interim data based on ad-hoc poster reports) & those changes will become effective on 5/1/24.

TR-AnnuityEst(imate) applies the AIR of 4% to TR-Accum(ulation). TR-AnnuityAct(ual) will differ due to mortality & expenses.

VA                           3/31/23   3/31/24   TR-Accum   TR-AnnuityEst   TR-AnnuityAct

QREARX (T-REA)       543.52     468.33     -13.83%      -17.15%            -18.01% (checks)

QCGLIX (Global)       254.13     320.30    +26.04%     +21.19%            +22.96%

QCSTIX (Stock)        687.68      853.23   +24.07%     +19.30%            +21.98% (checks)

QCEQIX (Equity Idx) 356.75     460.46    +29.07%     +24.11%            +25.79%

QCGRIX (Growth)     315.37     453.24    +43.72%     +38.19%            +41.10%

QCSCIX (Social Ch)  310.98     356.25    +14.56%     +10.15%            +10.56%


QCILIX (Inflation)      80.61       82.42     +2.25%        -1.69%               -1.28%

QCBMIX (Bond)       127.81      131.49    +2.88%        -1.08%               -0.85%

Edit/Add, 4/17/24. Column 6 updated with information from TIAA Outreach, April 2024.
www.tiaa.org/public/pdf/outreach.pdf