1
The University System of Georgia (USG) is introducing enhancements to the retirement plans to help simplify retirement planning and offer you options to create a diversified retirement portfolio to help you work towards your goals. The Transition Guide enclosed in this mailing provides an overview of what is changing in the USG retirement plans. This insert includes specific information about how these changes will occur, including the merger of USG plans, the new investment lineups, how contributions and balances will transfer, and specific fees associated with the investments.
This information applies if you:
• Currently invest with TIAA.
• Choose TIAA to replace an eliminated provider.
• Do not enroll with either Fidelity, TIAA or VALIC to replace one of the eliminated providers.
Plan mergers
USG will merge the individual 403(b) and 457(b) plans administered by each institution into systemwide 403(b) and 457(b) plans administered by USG. As a result, TIAA will create three new plans to hold current 403(b), 457(b) and ORP mutual fund and annuity balances. No new contributions will be made to these plans, and they will be labeled as “Frozen” plans on your statements.
Three additional 403(b), 457(b) and ORP plans will be created and will be the primary retirement plans going forward. These three additional plans will hold future contributions beginning with the April 30, 2019 monthly payroll and will accept the automatic transfer of mutual fund balances from the Frozen plans on May 10. Annuity balances will not automatically transfer, though you can choose to move these assets after May 10.
continued
Guide to New Investments Insert for TIAA
How changes to the University System of Georgia Retirement Plans will take effect at TIAA
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Plan mergers
IMPORTANT: Your current beneficiary designations for your 403(b), 457(b) and/or ORP will transfer to the new merged plans. You may review and update your beneficiary designations at any time at TIAA.org/usg or by calling TIAA at 844-230-7524.
Asset As of How the plan will appear on your statement
Existing 403(b) mutual fund and annuity balances
April 26, 2019
University System of Georgia 403(b) Plan – FROZEN
Existing 457(b) mutual fund and annuity balances
University System of Georgia 457(b) Plan – FROZEN
Existing ORP mutual fund and annuity balances
University System of Georgia ORP – FROZEN
Future 403(b) contributions
May 1, 2019
University System of Georgia 403(b) Plan
Future 457(b) contributions University System of Georgia 457(b) Plan
Future ORP contributions University System of Georgia ORP
Existing mutual fund balances in Frozen 403(b) Plan1
May 10, 2019
University System of Georgia 403(b) Plan
Existing mutual fund balances in Frozen 457(b) Plan1
University System of Georgia 457(b) Plan
Existing mutual fund balances in the Frozen ORP Plan1 University System of Georgia ORP
1 Existing annuity assets will remain in the University System of Georgia Frozen plans unless you choose to move those balances after May 10. See page 23 for considerations before moving annuity assets.
3
New accounts will be issued at TIAA
If you currently have balances with TIAA, if you selected TIAA as a provider, or if you are defaulted to TIAA because you were invested with a discontinued provider and did not select a new provider, you will be issued new contract(s) on or about May 3, 2019:
Currently participating in or defaulting to these plans with TIAA New contract with TIAA
Optional Retirement Plan Retirement Choice (RC)
403(b) Plan Retirement Choice Plus (RCP)
457(b) Plan Retirement Choice Plus (RCP)
You will receive a Welcome Kit enrollment confirmation from TIAA for each new account. If you are a current TIAA participant, your current beneficiary information will be applied to your new account(s). If you choose TIAA as a new provider, you will be prompted to designate a beneficiary during that process. If you default to TIAA, your beneficiary will be set to Estate. After your new contract is issued, you may review and update your beneficiary designation any time by logging in to your account at TIAA.org/usg.
Important information if you contribute to an eliminated provider
If you currently contribute to a provider other than Fidelity, TIAA or VALIC, including but not limited to Ameriprise, AXA, First Investors, Lincoln Financial Group, MassMutual, Primerica, USAA, Voya, and Waddell and Reed, you must enroll with a new provider(s) for each plan and select from the investment options offered by the providers by April 19.
If you don’t make a selection, you will be defaulted to TIAA as your provider and you will be enrolled in a new TIAA account as noted above the week ending May 3. Your future contributions will be directed to the default fund for the plans—the Vanguard Target Date Institutional Fund that corresponds with your projected retirement date based on your age. Your beneficiary will be set to Estate.
Action needed if you contribute to Peach State Reserves 401(k)/457(b) If you currently invest with Peach State Reserves, you must enroll with either Fidelity, TIAA or VALIC by April 19. If you do not enroll with a new provider, your contributions to Peach State Reserves will stop with the April 30 monthly payroll, and a new account will not be opened for you at TIAA.
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New investment lineup
The new investment lineup was carefully selected by USG and CAPTRUST, an independent investment advisory firm, to offer you flexibility to create a diversified retirement portfolio.1 You can learn more about any of the investment options, including expenses, at TIAA.org. Simply enter the ticker symbol in the site’s search feature. Beginning May 1, 2019, you will also be able to view the updated investment lineup and details online at TIAA.org/usg.
Fund name TickerNet
expense ratio
Plan Servicing
Fee
Plan Administration
FeeTotal
Tier 1: Allocation Tier—403(b) and 457(b) plans
CREF Social Choice Account R3 (Variable Annuity)2 QCSCIX 0.27% 0.035% 0.0204% 0.3254%
CREF Stock Account R3 (Variable Annuity)2 QCSTIX 0.31% 0.035% 0.0204% 0.3654%
Vanguard Target Retirement 2015 Institutional VITVX 0.09% 0.035% 0.0204% 0.1454%
Vanguard Target Retirement 2020 Institutional VITWX 0.09% 0.035% 0.0204% 0.1454%
Vanguard Target Retirement 2025 Institutional VRIVX 0.09% 0.035% 0.0204% 0.1454%
Vanguard Target Retirement 2030 Institutional VTTWX 0.09% 0.035% 0.0204% 0.1454%
Vanguard Target Retirement 2035 Institutional VITFX 0.09% 0.035% 0.0204% 0.1454%
Vanguard Target Retirement 2040 Institutional VIRSX 0.09% 0.035% 0.0204% 0.1454%
Vanguard Target Retirement 2045 Institutional VITLX 0.09% 0.035% 0.0204% 0.1454%
Vanguard Target Retirement 2050 Institutional VTRLX 0.09% 0.035% 0.0204% 0.1454%
Vanguard Target Retirement 2055 Institutional VIVLX 0.09% 0.035% 0.0204% 0.1454%
Vanguard Target Retirement 2060 Institutional VILVX 0.09% 0.035% 0.0204% 0.1454%
Vanguard Target Retirement 2065 Institutional VSXFX 0.09% 0.035% 0.0204% 0.1454%
Vanguard Target Retirement Income Institutional VITRX 0.09% 0.035% 0.0204% 0.1454%
continued
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Fund name TickerNet
expense ratio
Plan Servicing
Fee
Plan Administration
FeeTotal
Tier 1: Allocation Tier and Stable Value—ORP only
CREF Social Choice Account R3 (Variable Annuity)2 QCSCIX 0.27% 0.035% 0.0204% 0.3254%
CREF Stock Account R3 (Variable Annuity)2 QCSTIX 0.31% 0.035% 0.0204% 0.3654%
TIAA Stable Value (Guaranteed Annuity) N/A 0.00% 0.035% 0.0204% 0.0554%
Vanguard Target Retirement 2015 Trust I N/A3 0.07% 0.035% 0.0204% 0.1254%
Vanguard Target Retirement 2020 Trust I N/A3 0.07% 0.035% 0.0204% 0.1254%
Vanguard Target Retirement 2025 Trust I N/A3 0.07% 0.035% 0.0204% 0.1254%
Vanguard Target Retirement 2030 Trust I N/A3 0.07% 0.035% 0.0204% 0.1254%
Vanguard Target Retirement 2035 Trust I N/A3 0.07% 0.035% 0.0204% 0.1254%
Vanguard Target Retirement 2040 Trust I N/A3 0.07% 0.035% 0.0204% 0.1254%
Vanguard Target Retirement 2045 Trust I N/A3 0.07% 0.035% 0.0204% 0.1254%
Vanguard Target Retirement 2050 Trust I N/A3 0.07% 0.035% 0.0204% 0.1254%
Vanguard Target Retirement 2055 Trust I N/A3 0.07% 0.035% 0.0204% 0.1254%
Vanguard Target Retirement 2060 Trust I N/A3 0.07% 0.035% 0.0204% 0.1254%
Vanguard Target Retirement 2065 Trust I N/A3 0.07% 0.035% 0.0204% 0.1254%
Vanguard Target Retirement Income Trust I N/A3 0.07% 0.035% 0.0204% 0.1254%
Tier 2: Passively Managed/Index Fund Options
Vanguard Developed Markets Index Institutional VTMNX 0.06% 0.035% 0.0204% 0.1154%
Vanguard Emerging Markets Stock Index Institutional VEMIX 0.11% 0.035% 0.0204% 0.1654%
Vanguard Growth Index Institutional VIGIX 0.04% 0.035% 0.0204% 0.0954%
Vanguard Institutional Index Institutional Plus VIIIX 0.02% 0.035% 0.0204% 0.0754%
Vanguard Mid-Cap Index Institutional VMCIX 0.04% 0.035% 0.0204% 0.0954%
Vanguard Real Estate Index Institutional VGSNX 0.10% 0.035% 0.0204% 0.1554%
Vanguard Small-Cap Index Institutional VSCIX 0.04% 0.035% 0.0204% 0.0954%
Vanguard Total Bond Market Index Institutional VBTIX 0.04% 0.035% 0.0204% 0.0954%
Vanguard Value Index Institutional VIVIX 0.04% 0.035% 0.0204% 0.0954%
continued
New investment lineup continued
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New investment lineup continued
Fund name TickerNet
expense ratio
Plan Servicing
Fee
Plan Administration
FeeTotal
Tier 3: Actively Managed Fund Options
American Funds EuroPacific Growth R6 RERGX 0.50% 0.035% 0.0204% 0.5554%
Artisan International Value Institutional APHKX 1.02% 0.035% 0.0204% 1.0754%
Carillon Eagle Mid-Cap Growth R6 HRAUX 0.69% 0.035% 0.0204% 0.7454%
JPMorgan Equity Income R6 OIEJX 0.50% 0.035% 0.0204% 0.5554%
MFS® Mid-Cap Value R6 MVCKX 0.71% 0.035% 0.0204% 0.7654%
T. Rowe Price Blue Chip Growth I TBCIX 0.57% 0.035% 0.0204% 0.6254%
TIAA Real Estate Account (Variable Annuity)2 QREARX 0.79% 0.035% 0.0204% 0.8454%
TIAA Traditional (Guaranteed Annuity)2 N/A 0.00% 0.035% 0.0204% 0.0554%
Vanguard Explorer Admiral VEXRX 0.32% 0.035% 0.0204% 0.3754%
Vanguard Federal Money Market Investor VMFXX 0.11% 0.035% 0.0204% 0.1654%
Vanguard Inflation-Protected Securities Institutional VIPIX 0.07% 0.035% 0.0204% 0.1254%
Victory Integrity Small-Cap Value R6 MVSSX 0.96% 0.035% 0.0204% 1.0154%
Western Asset Core Plus Bond IS WAPSX 0.43% 0.035% 0.0204% 0.4854%
Tier 4: Self-Directed Brokerage Services
See more about the Self-Directed Brokerage account option on page 13 of the Transition Guide.
1 Diversification is a technique to try to help reduce risk. It is not guaranteed to protect against loss.
2 Please note that with TIAA Traditional, TIAA Real Estate Account and all CREF Annuity accounts, TIAA provides a “plan services expense offset” that may be applied to the plan’s administrative costs. A plan services expense offset is a reduction to the TIAA Plan Servicing Fee that TIAA and USG agreed to for TIAA’s recordkeeping services. Investments that have this plan services expense offset will show a Plan Servicing Credit on your quarterly statement rather than a fee.
3 This investment option is a Collective Investment Trust (CIT) and is an investment vehicle that is available only to qualified retirement plans. CITs consist solely of assets of retirement, or other tax-qualified retirement accounts. A CIT is not a mutual fund. A CIT typically has lower fees than a mutual fund. Visit TIAA.org to obtain a fact sheet for each CIT. The Vanguard Target Retirement Trust investment options are managed by Vanguard.
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Understanding your plan fees and expenses
To keep the retirement plans in line with industry best practices, USG will update the fee structure arrangement. The new structure provides a significant savings overall. However, the amount of savings each participant will experience depends on how individual contributions and balances are allocated among the investment options.
Plan-related costs
Participants in the plan have generally paid for three categories of plan-related costs:
• Recordkeeping fees (paid to the plan’s recordkeepers – for example, TIAA).
• Administrative fees (paid to the plan’s investment consultant, auditors, accountants, outside counsel and other administrative resources).
• Investment expenses (taken out of individual investments by the managers of the funds in which participants were invested).
In the past, participants did not see separate charges for these plan-related costs on their quarterly statements; the costs were netted against participants’ investment balances. The recordkeeping and administrative fees were paid out of the investment expenses charged by the providers of the funds in which the participants were invested, and were based on the total assets in each participant’s account.
Quarterly fee deductions and credits explained
Plan servicing fee and Plan administration fee: Effective July 1, 2019, an annual Plan Servicing Fee and Plan Administration Fee will be deducted quarterly. This amount will be realized by assessing a fee or credit to each investment you choose within the plan. Each fee or credit will be applied to your account on the last business day of each quarter and is identified as a “TIAA Plan Servicing Fee” or a “Plan Servicing Credit” on your quarterly TIAA statements.
Loan issuance fee: Loan fees vary by loan type, as noted in the chart below.
TIAA retirement plan fees and expenses
Plan servicing fee 0.035%, or $3.50 for every $10,000 invested
Plan administration fee 0.0204%, or $2.04 for every $10,000 invested
Loan issuance fee $75 per general purpose loan and $125 for a residential loan
Retirement plan loans
Beginning May 1, 2019, TIAA will change from collateralized loans to a new Retirement Plan Loan program for loans taken from the 403(b) and 457(b) plans. These new loans will have a fixed rate of interest and the principal amount will be deducted from your plan account(s). Your subsequent loan payments, including interest, will be credited to your account(s) based on the allocation for your contributions or the default investment option, if no allocation is provided. Most aspects of a new loan request will remain the same, including the online application and approval process. Any new loans will have a one-time origination fee of $75 for general purpose loans and $125 for residential loans.
continued
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Previously issued loans at TIAA will not be affected by this change, and there will be no interruption to repayment schedules or to the terms of existing loans. If you are, or become, a former employee, you will not be eligible to request new loans.
Investment-specific expenses
Each of the plan’s investment options has an expense charge for investment management and associated services. These fees are measured by what is called an expense ratio. The net expense ratio takes into account any investment fee waivers and expense reductions, giving an indication of what is currently being charged. Expense ratios are reported as a percentage of assets.
For example, an expense ratio for a particular fund of 0.05% means a participant pays $5 annually for every $10,000 in assets invested in that fund. Knowing the expense ratio charged by each fund helps you understand the cost associated with your investments. In some cases, an investment provider may pay a portion of an investment’s expense ratio to TIAA, the recordkeeper, as a means of offsetting the cost of plan administration. This practice is called “revenue sharing.”1
The investment expenses charged by the managers of the funds are listed in the New investment lineup tables included on pages 4-6. These expenses are generally lower than the expenses charged by the managers of the funds in the prior lineup.
You can learn more about any of the investment options (including expense ratios and other fund-specific expenses, such as redemption fees), at TIAA.org. Simply enter the ticker symbol in the site’s search feature. Fund prospectuses are also available at TIAA.org. Beginning May 1, 2019, you will be able to view the updated investment lineup and details online at TIAA.org/usg.
Brokerage fee
Brokerage customers may be charged a commission on certain transactions and other account-related fees. Please visit TIAA.org/SDA_CAA for a complete list of commissions and fees at TIAA. Other fees and expenses apply to a continued investment in the funds and are described in the fund’s current prospectus.
1 Revenue sharing describes the practice of an investment manager, distribution company or transfer agent paying a portion of a mutual fund’s expense ratio from their revenues to a plan recordkeeper for keeping track of the ownership of the mutual fund’s shares and other shareholder services. Any revenue shared by an investment provider is included as part of each investment’s expense ratio (it is not in addition to the published expense ratios). Please note that TIAA Traditional, TIAA Real Estate Account and all CREF Annuity accounts do not have revenue sharing. Rather, TIAA may provide a “plan services expense offset” that may be applied to the plan’s administrative and recordkeeping costs. A plan services expense offset is a reduction to the TIAA recordkeeping fee that TIAA and your plan sponsor agreed to for TIAA’s recordkeeping services. The reduction may be available when TIAA and CREF products are offered through the plan.
Understanding your plan fees and expenses continued
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TIAA investment transfer charts—403(b) plan
The investment transfer charts below explain how future contributions and existing mutual fund assets will be invested in new TIAA investment lineups for the ORP, 403(b) and 457(b) plans. For most investments, USG and CAPTRUST designed these transfer strategies to offer either the same or similar funds to help you maintain your current investment strategy.
Future contributions: If you’re currently contributing to any of the investment options shown in the Current TIAA investment option column in the charts below, your future contributions will be directed to the replacement options listed in the Future TIAA investment option column beginning with the April 30, 2019 monthly payroll.
Current assets: If you have mutual fund assets in the investment options shown in the Current TIAA investment option column, these balances will be automatically invested in the replacement options listed in the Future TIAA investment option column on May 10 and placed into your new TIAA account(s). Note: Existing annuity assets will not automatically transfer to new investments and remain in the Frozen plans. See What happens to TIAA annuity balances on page 23 for more information.
TIAA 403(b)
Current TIAA investment option Ticker Future TIAA investment option Ticker
American Century Ginnie Mae Investor BGNMX Western Asset Core Plus Bond IS WAPSX
American Century Heritage Investor TWHIX Carillon Eagle Mid-Cap Growth R6 HRAUX
American Funds Capital Income Builder R5 RIRFX Age-appropriate Vanguard Target-Date Fund – Institutional
Various (see target-date birth chart on
page 20)
American Funds Capital World Growth and Income R4
RWIEX Age-appropriate Vanguard Target-Date Fund – Institutional
Various (see target-date birth chart on
page 20)
American Funds Capital World Growth and Income R5
RWIFX Age-appropriate Vanguard Target-Date Fund – Institutional
Various (see target-date birth chart on
page 20)
American Funds EuroPacific Growth R4 REREX American Funds EuroPacific Growth R6 RERGX
American Funds Fundamental Investor R4 RFNEX Vanguard Institutional Index Institutional Plus VIIIX
American Funds Growth Fund of America R4 RGAEX T. Rowe Price Blue Chip Growth I TBCIX
American Funds Growth Fund of America R5 RGAFX T. Rowe Price Blue Chip Growth I TBCIX
Artisan International Value Investor ARTKX Artisan International Value Institutional APHKX
Columbia Acorn International Institutional ACINX Age-appropriate Vanguard Target-Date Fund – Institutional
Various (see target-date birth chart on
page 20)
continued
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TIAA investment transfer charts—403(b) plan continued
Current TIAA investment option Ticker Future TIAA investment option Ticker
Columbia Global Dividend Opportunity Institutional
CSVFX Age-appropriate Vanguard Target-Date Fund – Institutional
Various (see target-date birth chart on
page 20)
Columbia Mid-Cap Index Institutional NMPAX Vanguard Mid-Cap Index Institutional VMCIX
Columbia Select Mid-Cap Value Institutional NAMAX MFS® Mid-Cap Value R6 MVCKX
Columbia Small-Cap Value I Institutional CSCZX Victory Integrity Small-Cap Value R6 MVSSX
CREF Bond Market Account R3 (Variable Annuity)1 QCBMIX Western Asset Core Plus Bond IS WAPSX
CREF Equity Index Account R3 (Variable Annuity)1 QCEQIX Vanguard Institutional Index Institutional Plus VIIIX
CREF Global Equities Account R3 (Variable Annuity)1
QCGLIX Age-appropriate Vanguard Target-Date Fund – Institutional
Various (see target-date birth chart on
page 20)
CREF Growth Account R3 (Variable Annuity)1 QCGRIX T. Rowe Price Blue Chip Growth I TBCIX
CREF Inflation-Linked Bond Account R3 (Variable Annuity)1 QCILIX Vanguard Inflation-Protected Securities I VIPIX
CREF Money Market Account R3 (Variable Annuity)1 QCMMIX Vanguard Federal Money Market Investor VMFXX
CREF Social Choice Account R3 (Variable Annuity)1 QCSCIX CREF Social Choice Account R3 (Variable Annuity) QCSCIX
CREF Stock Account R3 (Variable Annuity)1 QCSTIX CREF Stock Account R3 (Variable Annuity) QCSTIX
Davis NY Venture A NYVTX Vanguard Institutional Index Institutional Plus VIIIX
Eaton Vance Large-Cap Value A EHSTX JPMorgan Equity Income R6 OIEJX
Goldman Sachs Government Income Institutional GSOIX Western Asset Core Plus Bond IS WAPSX
Harbor International Administrative HRINX Artisan International Value Institutional APHKX
JPMorgan Equity Income I HLIEX JPMorgan Equity Income R6 OIEJX
Lazard Emerging Markets Equity Open LZOEX Vanguard Emerging Markets Stock Index Institutional VEMIX
PGIM Jennison Growth Z PJFZX T. Rowe Price Blue Chip Growth I TBCIX
PGIM Jennison Natural Resources A PGNAX Age-appropriate Vanguard Target-Date Fund – Institutional
Various (see target-date birth chart on
page 20)
PIMCO International Bond (Unhedged) A PFUAX Western Asset Core Plus Bond IS WAPSX
continued
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Current TIAA investment option Ticker Future TIAA investment option Ticker
PIMCO Total Return Administrative PTRAX Western Asset Core Plus Bond IS WAPSX
T. Rowe Price Capital Appreciation PRWCX Age-appropriate Vanguard Target-Date Fund – Institutional
Various (see target-date birth chart on
page 20)
T. Rowe Price Capital Appreciation Advisor PACLX Age-appropriate Vanguard Target-Date Fund – Institutional
Various (see target-date birth chart on
page 20)
Templeton Global Bond A TPINX Western Asset Core Plus Bond IS WAPSX
Templeton Global Bond Advisor TGBAX Western Asset Core Plus Bond IS WAPSX
TIAA Real Estate Account (Variable Annuity)1 QREARX TIAA Real Estate Account (Variable Annuity) QREARX
TIAA Traditional (Guaranteed Annuity)1 N/A TIAA Traditional (Guaranteed Annuity) N/A
TIAA-CREF Bond Index Premier TBIPX Vanguard Total Bond Market Index Institutional VBTIX
TIAA-CREF Bond Plus Premier TBPPX Western Asset Core Plus Bond IS WAPSX
TIAA-CREF Emerging Markets Equity Index Premier
TEQPX Vanguard Emerging Markets Stock Index Institutional
VEMIX
TIAA-CREF Equity Index Premier TCEPX Vanguard Institutional Index Institutional Plus VIIIX
TIAA-CREF Global Natural Resources Premier TNRPX Age-appropriate Vanguard Target-Date Fund – Institutional
Various (see target-date birth chart on
page 20)
TIAA-CREF Growth & Income Premier TRPGX T. Rowe Price Blue Chip Growth I TBCIX
TIAA-CREF High-Yield Premier TIHPX Western Asset Core Plus Bond IS WAPSX
TIAA-CREF Inflation-Linked Bond Premier TIKPX Vanguard Inflation-Protected Securities Institutional VIPIX
TIAA-CREF International Equity Premier TREPX American Funds EuroPacific Growth R6 RERGX
TIAA-CREF International Equity Index Premier TRIPX Vanguard Developed Markets Index Institutional VTMNX
TIAA-CREF Large-Cap Growth Index Retirement TRIRX Vanguard Growth Index Institutional VIGIX
TIAA-CREF Large-Cap Value Index Retirement TRCVX Vanguard Value Index Institutional VIVIX
TIAA-CREF Large-Cap Value Premier TRCPX JPMorgan Equity Income R6 OIEJX
TIAA-CREF Lifecycle 2010 Premier TCTPX Vanguard Institutional Target Retirement Income Institutional
VITRX
continued
TIAA investment transfer charts—403(b) plan continued
12
Current TIAA investment option Ticker Future TIAA investment option Ticker
TIAA-CREF Lifecycle 2015 Premier TCFPX Vanguard Institutional Target Retirement 2015 Institutional
VITVX
TIAA-CREF Lifecycle 2020 Premier TCWPX Vanguard Institutional Target Retirement 2020 Institutional
VITWX
TIAA-CREF Lifecycle 2025 Premier TCQPX Vanguard Institutional Target Retirement 2025 Institutional
VRIVX
TIAA-CREF Lifecycle 2030 Premier TCHPX Vanguard Institutional Target Retirement 2030 Institutional
VTTWX
TIAA-CREF Lifecycle 2035 Premier TCYPX Vanguard Institutional Target Retirement 2035 Institutional
VITFX
TIAA-CREF Lifecycle 2040 Premier TCZPX Vanguard Institutional Target Retirement 2040 Institutional
VIRSX
TIAA-CREF Lifecycle 2045 Premier TTFPX Vanguard Institutional Target Retirement 2045 Institutional
VITLX
TIAA-CREF Lifecycle 2050 Premier TCLPX Vanguard Institutional Target Retirement 2050 Institutional
VTRLX
TIAA-CREF Lifecycle 2055 Premier TTRPX Vanguard Institutional Target Retirement 2055 Institutional
VIVLX
TIAA-CREF Lifecycle 2060 Premier TLXPX Vanguard Institutional Target Retirement 2060 Institutional
VILVX
TIAA-CREF Lifecycle Retirement Income Premier
TPILX Vanguard Institutional Target Retirement Income Institutional
VITRX
TIAA-CREF Mid-Cap Growth Premier TRGPX Carillon Eagle Mid-Cap Growth R6 HRAUX
TIAA-CREF Mid-Cap Value Premier TRVPX MFS® Mid-Cap Value R6 MVCKX
TIAA-CREF Money Market Premier TPPXX Vanguard Federal Money Market Investor VMFXX
TIAA-CREF Quant Small-Cap Equity Premier TSRPX Vanguard Explorer Admiral VEXRX
TIAA-CREF Real Estate Securities Premier TRRPX Vanguard Real Estate Index Institutional VGSNX
TIAA-CREF S&P 500 Index Retirement TRSPX Vanguard Institutional Index Institutional Plus VIIIX
TIAA-CREF Short-Term Bond Premier TSTPX Vanguard Federal Money Market Investor VMFXX
TIAA-CREF Small-Cap Blend Index Retirement TRBIX Vanguard Small-Cap Index Institutional VSCIX
TIAA-CREF Social Choice Equity Premier TRPSX Vanguard Institutional Index Institutional Plus VIIIX
continued
TIAA investment transfer charts—403(b) plan continued
13
Current TIAA investment option Ticker Future TIAA investment option Ticker
Touchstone Small Company A SAGWX Vanguard Explorer Admiral VEXRX
Victory Munder Mid-Cap Core Growth Y MGOYX Carillon Eagle Mid-Cap Growth R6 HRAUX
Voya Mid-Cap Opportunities I NMCIX Carillon Eagle Mid-Cap Growth R6 HRAUX
Wells Fargo Large-Cap Growth Institutional STNFX T. Rowe Price Blue Chip Growth I TBCIX
USG has instructed TIAA to transfer any account balances in any investment option not listed above to the target-date fund that corresponds to the year you turn age 65.
1 Any new contributions currently directed to this annuity will be redirected as shown in the chart. Any balance you have in this variable annuity will remain in your existing legacy contract within the Frozen plan, although no new contributions, rollovers or transfers may be made to this account. You can continue to transfer your balances among the available TIAA annuity options.
TIAA 457(b)
Current TIAA investment option Ticker Future TIAA investment option Ticker
American Century Ginnie Mae Investor BGNMX Western Asset Core Plus Bond IS WAPSX
American Century Heritage Investor TWHIX Carillon Eagle Mid-Cap Growth R6 HRAUX
American Funds Capital Income Builder R5 RIRFX Age-appropriate Vanguard Target-Date Fund – Institutional
Various (see target-date birth chart on
page 20)
American Funds Capital World Growth and Income R5
RWIFX Age-appropriate Vanguard Target-Date Fund – Institutional
Various (see target-date birth chart on
page 20)
American Funds EuroPacific Growth R4 REREX American Funds EuroPacific Growth R6 RERGX
American Funds Growth Fund of America R4 RGAEX T. Rowe Price Blue Chip Growth I TBCIX
American Funds Growth Fund of America R5 RGAFX T. Rowe Price Blue Chip Growth I TBCIX
Columbia Acorn International Institutional ACINX Age-appropriate Vanguard Target-Date Fund – Institutional
Various (see target-date birth chart on
page 20)
Columbia Mid-Cap Index Institutional NMPAX Vanguard Mid-Cap Index Institutional VMCIX
Columbia Select Mid-Cap Value Institutional NAMAX MFS® Mid-Cap Value R6 MVCKX
Columbia Small-Cap Value I Institutional CSCZX Victory Integrity Small-Cap Value R6 MVSSX
TIAA investment transfer charts—403(b) plan, 457(b) plan
continued
14
Current TIAA investment option Ticker Future TIAA investment option Ticker
CREF Bond Market Account R3 (Variable Annuity)1 QCBMIX Western Asset Core Plus Bond IS WAPSX
CREF Equity Index Account R3 (Variable Annuity)1 QCEQIX Vanguard Institutional Index Institutional Plus VIIIX
CREF Global Equities Account R3 (Variable Annuity)1
QCGLIX Age-appropriate Vanguard Target-Date Fund – Institutional
Various (see target-date birth chart on
page 20)
CREF Growth Account R3 (Variable Annuity)1 QCGRIX T. Rowe Price Blue Chip Growth I TBCIX
CREF Inflation-Linked Bond Account R3 (Variable Annuity)1
QCILIX Vanguard Inflation-Protected Securities I VIPIX
CREF Money Market Account R3 (Variable Annuity)1 QCMMIX Vanguard Federal Money Market Investor VMFXX
CREF Social Choice Account R3 (Variable Annuity) QCSCIX CREF Social Choice Account R3 (Variable Annuity) QCSCIX
CREF Stock Account R3 (Variable Annuity) QCSTIX CREF Stock Account R3 (Variable Annuity) QCSTIX
Davis NY Venture A NYVTX Vanguard Institutional Index Institutional Plus VIIIX
Eaton Vance Large-Cap Value A EHSTX JPMorgan Equity Income R6 OIEJX
Goldman Sachs Government Income Institutional GSOIX Western Asset Core Plus Bond IS WAPSX
Harbor International Administrative HRINX Artisan International Value Institutional APHKX
JPMorgan Equity Income I HLIEX JPMorgan Equity Income R6 OIEJX
Lazard Emerging Markets Equity Open LZOEX Vanguard Emerging Markets Stock Index Institutional
VEMIX
PGIM Jennison Growth Z PJFZX T. Rowe Price Blue Chip Growth I TBCIX
PGIM Jennison Natural Resources A PGNAX Age-appropriate Vanguard Target-Date Fund – Institutional
Various (see target-date birth chart on
page 20)
PIMCO International Bond (Unhedged) A PFUAX Western Asset Core Plus Bond IS WAPSX
PIMCO Total Return Administrative PTRAX Western Asset Core Plus Bond IS WAPSX
T. Rowe Price Capital Appreciation PRWCX Age-appropriate Vanguard Target-Date Fund – Institutional
Various (see target-date birth chart on
page 20)
Templeton Global Bond A TPINX Western Asset Core Plus Bond IS WAPSX
Templeton Global Bond Advisor TGBAX Western Asset Core Plus Bond IS WAPSX
continued
TIAA investment transfer charts—457(b) plan continued
15
continued
Current TIAA investment option Ticker Future TIAA investment option Ticker
TIAA Real Estate Account (Variable Annuity)1 QREARX TIAA Real Estate Account (Variable Annuity) QREARX
TIAA Traditional (Guaranteed Annuity)1 N/A TIAA Traditional (Guaranteed Annuity) N/A
TIAA-CREF Bond Index Premier TBIPX Vanguard Total Bond Market Index Institutional VBTIX
TIAA-CREF Bond Plus Premier TBPPX Western Asset Core Plus Bond IS WAPSX
TIAA-CREF Emerging Markets Equity Index Premier
TEQPX Vanguard Emerging Markets Stock Index Institutional
VEMIX
TIAA-CREF Equity Index Premier TCEPX Vanguard Institutional Index Institutional Plus VIIIX
TIAA-CREF Growth & Income Premier TRPGX T. Rowe Price Blue Chip Growth I TBCIX
TIAA-CREF High-Yield Premier TIHPX Western Asset Core Plus Bond IS WAPSX
TIAA-CREF International Equity Premier TREPX American Funds EuroPacific Growth R6 RERGX
TIAA-CREF International Equity Index Premier TRIPX Vanguard Developed Markets Index Institutional VTMNX
TIAA-CREF Large-Cap Growth Index Retirement TRIRX Vanguard Growth Index Institutional VIGIX
TIAA-CREF Large-Cap Value Index Retirement TRCVX Vanguard Value Index Institutional VIVIX
TIAA-CREF Large-Cap Value Premier TRCPX JPMorgan Equity Income R6 OIEJX
TIAA-CREF Lifecycle 2010 Premier TCTPX Vanguard Institutional Target Retirement Income Institutional
VITRX
TIAA-CREF Lifecycle 2015 Premier TCFPX Vanguard Institutional Target Retirement 2015 Institutional
VITVX
TIAA-CREF Lifecycle 2020 Premier TCWPX Vanguard Institutional Target Retirement 2020 Institutional
VITWX
TIAA-CREF Lifecycle 2025 Premier TCQPX Vanguard Institutional Target Retirement 2025 Institutional
VRIVX
TIAA-CREF Lifecycle 2030 Premier TCHPX Vanguard Institutional Target Retirement 2030 Institutional
VTTWX
TIAA-CREF Lifecycle 2035 Premier TCYPX Vanguard Institutional Target Retirement 2035 Institutional
VITFX
TIAA-CREF Lifecycle 2040 Premier TCZPX Vanguard Institutional Target Retirement 2040 Institutional
VIRSX
TIAA-CREF Lifecycle 2045 Premier TTFPX Vanguard Institutional Target Retirement 2045 Institutional
VITLX
TIAA investment transfer charts—457(b) plan continued
16
USG has instructed TIAA to transfer any account balances in any investment option not listed above to the target-date fund that corresponds to the year you turn age 65.
1 Any new contributions currently directed to this annuity will be redirected as shown in the chart. Any balance you have in this variable annuity will remain in your existing legacy contract within the Frozen plan, although no new contributions, rollovers or transfers may be made to this account. You can continue to transfer your balances among the available TIAA annuity options.
Current TIAA investment option Ticker Future TIAA investment option Ticker
TIAA-CREF Lifecycle 2050 Premier TCLPX Vanguard Institutional Target Retirement 2050 Institutional
VTRLX
TIAA-CREF Lifecycle 2055 Premier TTRPX Vanguard Institutional Target Retirement 2055 Institutional
VIVLX
TIAA-CREF Lifecycle 2060 Premier TLXPX Vanguard Institutional Target Retirement 2060 Institutional
VILVX
TIAA-CREF Lifecycle Retirement Income Premier TPILX Vanguard Institutional Target Retirement Income Institutional
VITRX
TIAA-CREF Mid-Cap Growth Premier TRGPX Carillon Eagle Mid-Cap Growth R6 HRAUX
TIAA-CREF Mid-Cap Value Premier TRVPX MFS® Mid-Cap Value R6 MVCKX
TIAA-CREF Quant Small-Cap Equity Premier TSRPX Vanguard Explorer Admiral VEXRX
TIAA-CREF Real Estate Securities Premier TRRPX Vanguard Real Estate Index Institutional VGSNX
TIAA-CREF S&P 500 Index Retirement TRSPX Vanguard Institutional Index Institutional Plus VIIIX
TIAA-CREF Short-Term Bond Premier TSTPX Vanguard Federal Money Market Investor VMFXX
TIAA-CREF Small-Cap Blend Index Retirement TRBIX Vanguard Small-Cap Index Institutional VSCIX
TIAA-CREF Social Choice Equity Premier TRPSX Vanguard Institutional Index Institutional Plus VIIIX
Touchstone Small Company A SAGWX Vanguard Explorer Admiral VEXRX
Victory Munder Mid-Cap Core Growth Y MGOYX Carillon Eagle Mid-Cap Growth R6 HRAUX
Voya Mid-Cap Opportunities I NMCIX Carillon Eagle Mid-Cap Growth R6 HRAUX
TIAA investment transfer charts—457(b) plan continued
17
TIAA ORP
Current TIAA investment option Ticker Future TIAA investment option Ticker
American Century Ginnie Mae Investor BGNMX Western Asset Core Plus Bond IS WAPSX
American Century Heritage Investor TWHIX Carillon Eagle Mid-Cap Growth R6 HRAUX
American Funds EuroPacific Growth R4 REREX American Funds EuroPacific Growth R6 RERGX
American Funds Growth Fund of America R4 RGAEX T. Rowe Price Blue Chip Growth I TBCIX
Carillon Eagle Small-Cap Growth I HSIIX Vanguard Explorer Admiral VEXRX
Columbia Mid-Cap Index Institutional NMPAX Vanguard Mid-Cap Index Institutional VMCIX
Columbia Small-Cap Value I Institutional CSCZX Victory Integrity Small-Cap Value R6 MVSSX
CREF Bond Market Account R3 (Variable Annuity)1 QCBMIX Western Asset Core Plus Bond IS WAPSX
CREF Equity Index Account R3 (Variable Annuity)1 QCEQIX Vanguard Institutional Index Institutional Plus VIIIX
CREF Global Equities Account R3 (Variable Annuity)1
QCGLIX Age-appropriate Vanguard Target-Date Fund – Trust I
Various (see target-date birth chart on
page 20)
CREF Growth Account R3 (Variable Annuity)1 QCGRIX T. Rowe Price Blue Chip Growth I TBCIX
CREF Inflation-Linked Bond Account R3 (Variable Annuity)1
QCILIX Vanguard Inflation-Protected Securities I VIPIX
CREF Money Market Account R3 (Variable Annuity)1
QCMMIX Vanguard Federal Money Market Investor VMFXX
CREF Social Choice Account R3 (Variable Annuity)1
QCSCIX CREF Social Choice Account R3 (Variable Annuity)
QCSCIX
CREF Stock Account R3 (Variable Annuity)1 QCSTIX CREF Stock Account R3 (Variable Annuity) QCSTIX
DFA US Small-Cap Value Institutional DFSVX Victory Integrity Small-Cap Value R6 MVSSX
Eaton Vance Large-Cap Value A EHSTX JPMorgan Equity Income R6 OIEJX
Lazard Emerging Markets Equity Open LZOEX Vanguard Emerging Markets Stock Index Institutional
VEMIX
PGIM Jennison Natural Resources A PGNAX Age-appropriate Vanguard Target-Date Fund – Trust I
Various (see target-date birth chart on
page 20)
PIMCO Total Return Administrative PTRAX Western Asset Core Plus Bond IS WAPSX
Templeton Global Bond A TPINX Western Asset Core Plus Bond IS WAPSX
continued
TIAA investment transfer charts—ORP
18
Current TIAA investment option Ticker Future TIAA investment option Ticker
TIAA Real Estate Account (Variable Annuity)1 QREARX TIAA Real Estate Account (Variable Annuity) QREARX
TIAA Stable Value (Guaranteed Annuity)1 N/A TIAA Stable Value (Guaranteed Annuity) N/A
TIAA Traditional (Guaranteed Annuity)1 N/A TIAA Traditional (Guaranteed Annuity) N/A
TIAA-CREF Equity Index Institutional TIEIX Vanguard Institutional Index Institutional Plus VIIIX
TIAA-CREF Growth & Income Institutional TIGRX T. Rowe Price Blue Chip Growth I TBCIX
TIAA-CREF International Equity Institutional TIIEX American Funds EuroPacific Growth R6 RERGX
TIAA-CREF International Equity Index Institutional TCIEX Vanguard Developed Markets Index Institutional VTMNX
TIAA-CREF Large-Cap Growth Institutional TILGX T. Rowe Price Blue Chip Growth I TBCIX
TIAA-CREF Large-Cap Growth Index Institutional TILIX Vanguard Growth Index Institutional VIGIX
TIAA-CREF Large-Cap Value Institutional TRLIX JPMorgan Equity Income R6 OIEJX
TIAA-CREF Large-Cap Value Index Institutional TILVX Vanguard Value Index Institutional VIVIX
TIAA-CREF Lifecycle 2010 Institutional TCTIX Vanguard Target Retirement Income Trust I N/A
TIAA-CREF Lifecycle 2015 Institutional TCNIX Vanguard Target Retirement 2015 Trust I N/A
TIAA-CREF Lifecycle 2020 Institutional TCWIX Vanguard Target Retirement 2020 Trust I N/A
TIAA-CREF Lifecycle 2025 Institutional TCYIX Vanguard Target Retirement 2025 Trust I N/A
TIAA-CREF Lifecycle 2030 Institutional TCRIX Vanguard Target Retirement 2030 Trust I N/A
TIAA-CREF Lifecycle 2035 Institutional TCIIX Vanguard Target Retirement 2035 Trust I N/A
TIAA-CREF Lifecycle 2040 Institutional TCOIX Vanguard Target Retirement 2040 Trust I N/A
TIAA-CREF Lifecycle 2045 Institutional TTFIX Vanguard Target Retirement 2045 Trust I N/A
TIAA-CREF Lifecycle 2050 Institutional TFTIX Vanguard Target Retirement 2050 Trust I N/A
TIAA-CREF Lifecycle 2055 Institutional TTRIX Vanguard Target Retirement 2055 Trust I N/A
TIAA-CREF Lifecycle 2060 Institutional TLXNX Vanguard Target Retirement 2060 Trust I N/A
TIAA-CREF Lifecycle Retirement Income Institutional TLRIX Vanguard Target Retirement Income Trust I N/A
TIAA-CREF Mid-Cap Growth Institutional TRPWX Carillon Eagle Mid-Cap Growth R6 HRAUX
continued
TIAA investment transfer charts—ORP continued
19
USG has instructed TIAA to transfer any account balances in any investment option not listed above to the target-date fund that corresponds to the year you turn age 65.
1 Any new contributions currently directed to this annuity will be redirected as shown in the chart. Any balance you have in this variable annuity will remain in your existing legacy contract within the Frozen plan, although no new contributions, rollovers or transfers may be made to this account. You can continue to transfer your balances among the available TIAA annuity options.
Current TIAA investment option Ticker Future TIAA investment option Ticker
TIAA-CREF Mid-Cap Value Institutional TIMVX MFS® Mid-Cap Value R6 MVCKX
TIAA-CREF Quant Small-Cap Equity Institutional TISEX Vanguard Explorer Admiral VEXRX
TIAA-CREF Real Estate Securities Institutional TIREX Vanguard Real Estate Index Institutional VGSNX
TIAA-CREF S&P 500 Index Institutional TISPX Vanguard Institutional Index Institutional Plus VIIIX
TIAA-CREF Short-Term Bond Institutional TISIX TIAA Stable Value (Guaranteed Annuity) N/A
TIAA-CREF Small-Cap Blend Index Institutional TISBX Vanguard Small-Cap Index Institutional VSCIX
TIAA-CREF Social Choice Equity Institutional TISCX Vanguard Institutional Index Institutional Plus VIIIX
Touchstone Small Company A SAGWX Vanguard Explorer Admiral VEXRX
Voya Mid-Cap Opportunities I NMCIX Carillon Eagle Mid-Cap Growth R6 HRAUX
TIAA investment transfer charts—ORP continued
20
Target-date birth charts
For the 403(b) and 457(b) Plans
Birth year Investment option Ticker
Prior to 1943 Vanguard Target Retirement Income Institutional VITRX
1943 – 1947 Vanguard Target Retirement 2010 Institutional VIRTX
1948 – 1952 Vanguard Target Retirement 2015 Institutional VITVX
1953 – 1957 Vanguard Target Retirement 2020 Institutional VITWX
1958 – 1962 Vanguard Target Retirement 2025 Institutional VRIVX
1963 – 1967 Vanguard Target Retirement 2030 Institutional VTTWX
1968 – 1972 Vanguard Target Retirement 2035 Institutional VITFX
1973 – 1977 Vanguard Target Retirement 2040 Institutional VIRSX
1978 – 1982 Vanguard Target Retirement 2045 Institutional VITLX
1983 – 1987 Vanguard Target Retirement 2050 Institutional VTRLX
1988 – 1992 Vanguard Target Retirement 2055 Institutional VIVLX
1993 – 1997 Vanguard Target Retirement 2060 Institutional VILVX
After 1997 Vanguard Target Retirement 2065 Institutional VSXFX
For the ORP
Birth year Investment option Ticker
Prior to 1943 Vanguard Target Retirement Income Trust I N/A
1943 – 1947 Vanguard Target Retirement 2010 Trust I N/A
1948 – 1952 Vanguard Target Retirement 2015 Trust I N/A
1953 – 1957 Vanguard Target Retirement 2020 Trust I N/A
1958 – 1962 Vanguard Target Retirement 2025 Trust I N/A
1963 – 1967 Vanguard Target Retirement 2030 Trust I N/A
1968 – 1972 Vanguard Target Retirement 2035 Trust I N/A
1973 – 1977 Vanguard Target Retirement 2040 Trust I N/A
1978 – 1982 Vanguard Target Retirement 2045 Trust I N/A
1983 – 1987 Vanguard Target Retirement 2050 Trust I N/A
1988 – 1992 Vanguard Target Retirement 2055 Trust I N/A
1993 – 1997 Vanguard Target Retirement 2060 Trust I N/A
After 1997 Vanguard Target Retirement 2065 Trust I N/A
21
You have choices for your investments
USG offers you some flexibility to decide how your account will be invested during this transition. You can choose from the options below. Please note you are not required to make any changes at this time.
Option 1: Take no action
If you make no changes to your investments, USG will automatically direct your future contributions and transfer your existing assets according to the transfer charts on the previous pages.
Option 2: Select new investments before or after the new lineup is available
You have the option to choose the investments to which your future contributions will be directed and your existing mutual fund balances will transfer rather than accept the automatic transfer shown in the transfer charts on pages 9-19. When choosing your own investments, it’s helpful to first talk with a financial consultant about your financial goals and review the investment transfer charts to understand how contributions and assets will be automatically invested.
You can choose to select investments before the new investment lineup is active or after the plans take effect. Please note: choosing your own investments is an optional step and is not required by USG.
Choose new investments before the new lineup is activeChoose investments after the plan changes take effect May 1
Because new investment lineups are not active until May 1, choosing the future investments requires two steps:
Step 1: Choose investments for both future contributions and current assets from the Future TIAA investment option column.
Step 2: Log in to your account at TIAA.org/usg and choose the corresponding investment from the Current TIAA investment option column. Please see the example on the following page.
Please note: Some current investments are available only until the new investment lineup is active.
Beginning with the April 30, 2019, monthly payroll:
Your future contributions will be invested in your selected options.
The week ending May 10:
Your current assets transfer to your selected options.
Any changes that you choose to make to your investments in the Current TIAA investment options prior to the conversion to the new options will remain in effect until the funds are either eliminated or transferred to the new options in early May. At that time, the Current TIAA investment options will no longer be available and all future contributions will continue to be invested according to your elections and the mapping strategies in effect at that time.
For future contributions:
After May 3, log in to your account at TIAA.org/usg and choose from the new investment lineup for your future contributions. Your future contributions will be invested in your selected options with the next payroll period.
For existing balances:
Between May 3 and May 10, log in to your account at TIAA.org/usg to transfer existing balances to the new lineup before the automatic transfers shown on pages 9-19 take place.
After May 10, all mutual fund assets will be in the new investment lineup. To make changes to your investments, log in to your account at TIAA.org/usg and choose new options.
continued
22
You have choices for your investments
Example
The following example illustrates how to choose new investments before the new lineup is active.
• Your existing mutual fund assets in the USG 403(b) Plan are invested in the current Fund A.
• Fund A will transfer to Fund X on May 10, according to the TIAA 403(b) investment transfer chart.
• After reviewing the new investment lineup, you prefer to invest in Fund Y, the replacement option for Fund B.
To ensure you’re invested in Fund Y once the automatic transfer occurs, you would transfer your mutual fund assets in Fund A to Fund B before the transfer takes place. On May 10, your mutual fund balances transfer to and are invested in Fund Y.
Current investment option Future investment option
Fund A Fund X
Fund B Fund Y
Note: This example shows how to choose investments before the new lineup is active and the automatic transfer of assets occurs. You are not required to make changes at this time.
23
What happens to TIAA annuity balances
Any annuity balance(s) you have with TIAA will remain in your existing account(s) until you decide what action to take, and no new contributions, rollovers or transfers may be made to these accounts. You can continue to transfer balances among the available annuity options. If you would like to transfer balances to your new account, contact a TIAA financial consultant for more information.
If you have systematic distributions or payments, you will need to provide updated investment instructions. TIAA will provide information about updating these instructions before the transfer date.
Plan Current contract New contract
ORP Retirement Annuity (RA) Group Retirement Annuity (GRA)
Retirement Choice
403(b) Supplemental Retirement Annuity (SRA) Group Supplemental Retirement Annuity
Retirement Choice Plus
457(b) Supplemental Retirement Annuity (SRA) Group Supplemental Retirement Annuity (GSRA)
Retirement Choice Plus
There are a number of differences between your current RA, SRA, GRA and GSRA contracts and the new Retirement Choice contracts. Most of the differences apply to the TIAA Traditional Annuity and are highlighted below. If you’re thinking about transferring some or all of your account balances to your new contract, make sure you understand the differences before you initiate a transfer.
• Under the Retirement Choice contract, TIAA Traditional has a rate guarantee that is between 1% and 3%, determined annually, which may be lower than the guaranteed rate in your current contract. The adjustable rate guarantee in the new contracts allows TIAA to be more responsive to the prevailing interest rate environment, and provides the potential for higher credited rates through the crediting of additional amounts. You can find the current TIAA Traditional rate for all contracts at TIAA.org/performance.
• When TIAA Traditional balances are transferred out of an existing contract, you risk giving up a favorable crediting rate(s) on older contributions.
• TIAA Traditional balances in the Retirement Choice contract can be liquidated within a shorter time frame than under the existing Retirement Annuity and Group Retirement Annuity contracts.
• Moving money from an existing contract to a new contract is a permanent decision. Money cannot be moved back into legacy contracts.
For details, see the contract comparison chart located at TIAA.org/usg. If you have questions, call 844-230-7524.
685279 116101-1345600TIAA (12/18)
Distributions from tax-deferred plans before age 59½, severance from employment, death or disability may be prohibited, limited and/or subject to substantial tax penalties. Different restrictions may apply to other types of plans.
The TIAA group of companies does not provide legal or tax advice. Please consult your legal or tax advisor.
Investment, insurance, and annuity products are not FDIC insured, are not bank guaranteed, are not bank deposits, are not insured by any federal government agency, are not a condition to any banking service or activity, and may lose value.
You should consider the investment objectives, risks, charges, and expenses carefully before investing. Please call 877-518-9161 or go to TIAA.org/usg for current product and fund prospectuses that contain this and other information. Please read the prospectuses carefully before investing.TIAA-CREF Individual & Institutional Services, LLC, Teachers Personal Investors Services, Inc., and Nuveen Securities, LLC, Members FINRA and SIPC, distribute securities products. Annuity contracts and certificates are issued by Teachers Insurance and Annuity Association of America (TIAA) and College Retirement Equities Fund (CREF), New York, NY. Each is solely responsible for its own financial condition and contractual obligations. TIAA Brokerage, a division of TIAA-CREF Individual & Institutional Services, LLC, Member FINRA/SIPC, distributes securities. Brokerage accounts are carried by Pershing, LLC, a subsidiary of The Bank of New York Mellon Corporation, Member FINRA, NYSE, SIPC.
©2018 Teachers Insurance and Annuity Association of America-College Retirement Equities Fund, 730 Third Avenue, New York, NY 10017
You can get help
University System of Georgia Retirement Plans Helpline at TIAA
Call TIAA’s dedicated phone number for all plans in the USG retirement program—844-230-7524—to ask questions about the retirement program and all its investments, as well as get help making investment decisions. Call weekdays, 8 a.m. to 10 p.m., and Saturday, 9 a.m. to 6 p.m. (ET).
For help understanding your options and how they fit in your financial plan, attend a group education session or webinar. See the full schedule at education-session.usg.edu. Call TIAA at 800-732-8353 weekdays, 8 a.m. to 8 p.m. (ET); or visit TIAA.org/schedulenow to set up a one-one-one meeting with a financial consultant.
Be sure to bring your financial account statements (including statements for retirement investments outside of the USG retirement plans) and your most recent Social Security statement, if available.
Online
Use the online TIAA Retirement Advisor tool to receive independent investment advice based on your goals and risk tolerance and create your own action plan in four easy steps.1
Visit TIAA.org/retirementadvisor and log in to your account.1 The projections and other information generated by the Retirement Advisor tool are hypothetical in nature, do not reflect actual investment
results and do not guarantee future performance. Results may vary with each use and over time.