What is RA, SRA, GRA, GSRA?
The term RA refers to Regular Retirement Annuity contracts offered by TIAA-CREF. A Retirement Annuity (RA) is used to fund your main or “Basic” plan with contributions made by your employer and/or yourself once you’ve met some basic eligibility requirements (e.g., your length of service). Monies invested in the RA TIAA Traditional fund may be withdrawn over a ten year period. The term GRA refers to a Group Retirement Annuity contract which enables TIAA Traditional fund monies to be withdrawn over a five year period.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 Basic 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 annu
