What is SRA, GRA, GSRA?
The term GRA refers to a Group Retirement Annuity contract which enables TIAA Traditional fund monies to be withdrawn over a five year period. Employees enrolling in the Matched or Unmatched plan for the first time must allocate contributions to the GRA contract. The term SRA refers to Supplemental Retirement Annuity contracts also offered by TIAA-CREF. With a Supplemental Retirement Annuity (SRA), you can set aside extra money from your own salary on a pre-tax basis. That is, the money you put into an SRA isn’t counted as taxable income in that year, though you’ll have to pay tax on it when you withdraw it or convert it to annuity income at a later date. The term GSRA refers to Group Supplemental Retirement Annuity contracts. Employees enrolling in the Voluntary plan for the first time must allocate contributions to the GSRA. For more information, call TIAA-CREF at 1 800 842-2733, extension 5509, and ask for copies of the booklets Retirement Annuities and Supplemental Retirement Annui
