What assumptions are made in calculating an estimate of my 18/20 Retirement Plan benefits?
University Human Resource Services (UHRS) makes a number of assumptions when calculating benefits, including: • Your specified anticipated retirement date • All IU Retirement Plan contributions are split 50% TIAA and 50% CREF stock fund • Investment performance is based on actual TIAA earnings and the most recent month end value of the CREF stock fund • Annuity calculations are based on current TIAA-CREF factors applicable at the time of retirement • Future fund earnings are based on a six percent (6%) factor • Annual Interim benefit may not exceed the lesser of: • Terminal Base Salary • Hypothetical Single Life Annuity Amount
