For CREF variable accounts, or TIAA-CREF Mutual Funds, the portions of current earnings attributable to distributions on common stock held in a account. Contributions are not tax-deductible, but any earnings are tax free. Elimination Period, or Benefit Waiting Period. The period of time that an insured is responsible for paying for his or her care, before benefits are payable under a policy. Costs deducted from account assets for investment management, administration, and distribution services.
Deductions are from the assets of each account, including the accumulation and annuity funds.
See current TIAA-CREF account expenses . Provides income over a predetermined number of years, during which all principal and any earnings are returned to the annuitant. When the period ends, payments stop. Fixed period payments are available for Group Retirement Annuities, Group Supplemental Retirement Annuities, Supplemental Retirement Annuities, and Retirement Annuities. See also Transfer Payout Annuity.