Document:

[Exhibit 4(c)]

Teachers Insurance and Annuity Association of America

730 Third Avenue, New York, N.Y. 10017-3206
Telephone: 800-842-2733

Effective Date: [This endorsement is
effective on the date the TIAA Access
Account (the Access Account) is made available for your certificate under the
terms of your employer plan.] [July 1, 2006] [Attached at Issue]

Endorsement to Your Group Retirement Annuity
Certificate

This is an
endorsement to the Group Retirement Annuity Certificate issued to you, the
annuitant. The purpose of this endorsement is to introduce the availability of
the TIAA Access Account. In addition to the options previously provided under
your certificate, TIAA now offers you the option of accumulating funds in the
Access Account as of the effective date of this endorsement. Except as
otherwise noted within, this endorsement replaces all of the provisions of your
certificate in order to explain the nature of the Access Account and the impact
of its availability on the provisions of your certificate. 

GENERAL DESCRIPTION

All premiums
for your certificate must be remitted under the terms of your employer plan.
You may allocate your TIAA premiums between the Traditional Annuity and the
Investment Accounts.

Traditional Annuity.
Each premium allocated to the Traditional Annuity buys a guaranteed minimum
amount of lifetime income for you, based on the rate schedule in effect for
your certificate at the time the premium is credited. Your Traditional Annuity
accumulation will be credited with a guaranteed interest rate, and may also be
credited with additional amounts declared by TIAA. Subject to the terms of your
employer plan, you can transfer your Traditional Annuity accumulation to your
companion CREF certificate or to the Investment Accounts over a 10-year period.

Investment Accounts.
Each premium allocated to any of the Investment Accounts buys a number of
accumulation units. Accumulations in the
Investment Accounts are not guaranteed, and may increase or decrease depending
on investment results. The separate account charges that apply to
each Investment Account will reduce the net annual investment return. For all
Investment Accounts other than the Real Estate Account, the separate account
charge is guaranteed not to exceed 2.0% per year of average net assets. The
Real Estate Account separate account charge is guaranteed not to exceed 2.5%
per year of average net assets.

In accordance
with your employer plan and the restrictions described in section 61, you may
be permitted to choose a lump-sum benefit payment from your accumulation. TIAA
reserves the right to limit lump-sum benefits to not more than one in a
calendar quarter. 

When you are
ready to start receiving your income, you may, in accordance with the terms of
your employer plan, choose an option from among those described in your
certificate. If you die before you start receiving your income, your
accumulation will provide a death benefit for your beneficiary.

Your certificate
cannot be assigned and it does not provide for loans.

	
 

	
 

	
 

	

	
 

	
Chairman,
  President and
   Chief Executive Officer

	
 

	
 

	
 

	

	

	

	
END-G1000.6-ACC

	
INDEX ON
  NEXT PAGE

	
Page E1

	
 

	
 

	
TIAA GRA

	
 

	
 

	
 

	
Your TIAA Retirement Select Certificate 

	

	

	

INDEX OF PROVISIONS

Section

	
 

	
 

	
Accumulation

	
 

	
- Definition

	
1

	
- Investment Account

	
40

	
- Traditional Annuity

	
35

	
Accumulation Units

	
 

	
- Definition

	
39

	
- Number of

	
45

	
Additional Amounts

	
36

	
Annuity Starting Date

	
 

	
- Definition

	
2

	
- Required Beginning

	
19

	
Assignment - Void and of
  no effect

	
78

	
Benefits

	
 

	
- Based on Incorrect Data

	
85

	
- Requests for

	
89

	
Business Day

	
4

	
Cash Surrender

	
 

	
- Limitations

	
79

	
Certificate

	
29

	
Claims of Creditors

	
 

	
- Protection Against

	
80

	
Commuted Value

	
5

	
Companion CREF Certificate

	
31

	
Contestability

	
30

	
Contract

	
 

	
- Consists of

	
28

	
Correspondence with us

	
89

	
Death Benefit

	
 

	
- Amount of Payments

	
53

	
- Beneficiary

	
3

	
- Definition

	
6

	
- Methods of Payment

	
52

	
- Naming Your Beneficiary

	
51

	
- Payment of

	
50

	
- Payments after Death of
  Beneficiary

	
54

	
Elections and Changes -
  Procedure for

	
81

	
Employer

	
7

	
Employer Plan

	
8

	
Employment – Severance
  from

	
22

	
ERISA

	
9

	
Funding Vehicle

	
10

	
General Account

	
11

	
Gross Investment Factor

	
43

	
Income Benefit

	
 

	
- Amount of Payments

	
49

	
- Definition

	
12

	
- Options

	
47

	
- Payments during a
  Guaranteed Period

	
48

	
- Starting Payments

	
46

	
Internal Transfers

	
 

	
- Crediting

	
59

	
- Definition

	
13

	
- Effective Date

	
58

	
- From the Investment
  Accounts or CREF

	
55

	
- From the Traditional
  Annuity

	
57

	
- Restrictions

	
60

	
- Systematic

	
56

	
 

	
 

	
Section

	
 

	
Investment Account

	
14

	
- Insulation of

	
72

	
- Modification of

	
73

	
Investment Company Act of 1940

	
76

	
IRC

	
15

	
Lapse or Forfeiture

	
 

	
- Protection against

	
34

	
Laws and Regulations

	
 

	
- Compliance with

	
87

	
Liability of TIAA

	
69

	
Loans - No provision for

	
77

	
Lump-sum Benefit

	
 

	
- Amount

	
64

	
- Availability of

	
61

	
- Definition

	
16

	
- Effective Date

	
62

	
- Payment of

	
63

	
- Systematic Withdrawals

	
65

	
- Systematic Withdrawals to
  pay fees

	
66

	
Net Investment Factor

	
 

	
- For Other Investment
  Accounts

	
42

	
- For the Real Estate Account

	
41

	
Payee

	
17

	
Payment to an Estate,
  Trustee, etc

	
83

	
Premiums

	
 

	
- Allocation of

	
33

	
- Overpayment of

	
88

	
- Payment of

	
32

	
Prior Provisions -
  Applicability

	
74

	
Proof of Survival

	
86

	
Rate Schedule

	
 

	
- Applicable to the Access
  Account

	
92

	
- Change of

	
90

	
- Definition

	
18

	
- Guarantees

	
91

	
Real Estate Account

	
 

	
- Definition

	
37

	
Report of Accumulation

	
75

	
Restrictions on
  Distributions

	
 

	
- IRC Section 401(k)

	
70

	
- IRC Section 403(b)

	
71

	
Second Annuitant

	
20

	
Separate Account

	
 

	
- Charge

	
44

	
- Definition

	
21

	
Service of Process upon
  TIAA

	
84

	
Spouse’s Rights

	
 

	
- Definition

	
23

	
- Rights to Benefits

	
67

	
- Waiver of Rights

	
68

	
Surrender Charge

	
24

	
Tax-Free Rollover

	
 

	
- Right to

	
82

	
TIAA Access Account

	
38

	
Termination of employment

	
25

	
Traditional
  Annuity

	
26

	
Valuation Day and
  Valuation Period

	
27

	
 

	
 

	
 

	

	

	

	
END-G1000.6-ACC

	
 

	
Page E2

	
 

	
 

	
TIAA GRA

Endorsement to
Your TIAA Group Retirement Annuity Certificate

Account
Specifications Page

The following
Investment Accounts are available as of the effective date of this endorsement.
Your employer plan may restrict your right to invest in some or all of the
accounts: 

[TIAA Real
Estate Account:]

TIAA Access
Account Subaccounts:

          Account
1:

          Account
2:

          Account
3:

.

.

.

.

.

TIAA Access
Account Pricing Category: [Level x]

	
 

	
 

	

	
END-G1000.6-ACC

	
Page E3

  TIAA GRA

Endorsement to
Your TIAA Group Retirement Annuity Certificate

This page has
been left blank intentionally.

	
 

	
 

	

	
END-G1000.6-ACC

	
Page E4

  TIAA GRA

Endorsement to
Your TIAA Group Retirement Annuity Certificate

PART A: TERMS USED IN YOUR CERTIFICATE

	
 

	
 

	
1. 

	
Your accumulation is equal to the sum of your
  Traditional Annuity accumulation (described in Part C) and your Investment
  Account accumulations (described in Part D). Your accumulation will provide
  the benefits described in your certificate. 

	
  

	
 

	
2. 

	
Your annuity starting date is the date as of
  which you begin to receive income benefits or payments under a transfer
  payout annuity from your accumulation under your certificate.  

	
  

	
 

	
3. 

	
Beneficiaries are persons you name, in a
  form satisfactory to TIAA as explained in section 51, to receive the death
  benefit if you die before your annuity starting date. 

	
  

	
 

	
4. 

	
A business
day is any day that the New York Stock Exchange is open for trading. A
business day ends at 4:00 P.M. Eastern time, or when trading closes on the
New York Stock Exchange, if earlier. 

	
  

	
 

	
5. 

	
The commuted (discounted) value is a one-sum amount paid in lieu of
  a series of payments that are not contingent upon the survival of an
  annuitant. It is less than the total of those payments, because future
  interest, included when computing the series of payments, will not be earned
  if payment is to be made in one sum. The commuted value of future payments is
  therefore the sum of those payments less the interest from the date of
  commutation to the date each payment would have been made. The same interest
  rate or rates used in computing the benefit payments will be used to
  determine the commuted value.

	
  

	
 

	
6. 

	
The death benefit is the current value of
  your accumulation under your certificate.
  It will be paid to your beneficiary under one of the methods set forth
  in Part F if you die before your annuity starting date.

	
  

	
 

	
7. 

	
Your employer is the organization that remits
  premiums to your certificate.  In
  accordance with the terms of your employer plan, your employer may exercise
  certain rights under your certificate. 

	
  

	
 

	
  

	
 

	
8. 

	
An employer plan is a plan satisfying the requirements of IRC Section
  401(a), 401(k), 403(a), 403(b), 415(m), 457, or any other section providing
  similar benefits for employees.

	
  

	
 

	
9. 

	
ERISA is the Employee Retirement Income
  Security Act of 1974, as amended. 

	
  

	
 

	
10. 

	
A funding vehicle is an annuity contract,
  custodial account, or trust designated to receive contributions under an
  employer plan. 

	
  

	
 

	
11. 

	
The general account consists of all of TIAA’s
  assets other than those in the separate accounts. 

	
  

	
 

	
12. 

	
The income benefit is the periodic amount
  payable to you under one of the income options set forth in Part E. 

	
  

	
 

	
13. 

	
An internal transfer is the movement of
  accumulations between your Traditional Annuity accumulation and your
  Investment Account accumulations,
  among Investment Accounts

	
 

	
 

	

	
END-G1000.6-ACC

	
Page E5

  TIAA GRA

Endorsement to
Your TIAA Group Retirement Annuity Certificate

	
 

	
 

	
  

	
accumulations, or between your certificate and your
  companion CREF certificate. The provisions concerning internal transfers are
  set forth in Part G.

	
  

	
 

	
14. 

	
An Investment Account under your
  certificate refers to the Real Estate Account. It also refers to any
  subaccount of any other Separate Account available under your certificate,
  that holds shares of a fund or funds which are managed with a specified
  investment objective. The Investment Accounts available as of the effective
  date of this endorsement are listed on the account specifications page and
  are specific to the indicated pricing category. 

	
  

	
 

	
15. 

	
The IRC is the Internal Revenue Code of 1986,
  as amended. All references to any section of the IRC shall be deemed to refer
  not only to such section but also to any amendment thereof and any successor
  statutory provisions, and any regulations thereunder. 

	
  

	
 

	
16. 

	
A lump-sum benefit is a withdrawal in a
  single sum of all or part of your accumulation. The provisions concerning
  lump-sum benefits are set forth in Part H. 

	
  

	
 

	
17. 

	
The payee is a person named to receive any
  periodic payments or amounts due under an income option or method of payment
  of the death benefit under the circumstances described in sections 48 and 54.
  

	
  

	
 

	
18. 

	
The rate schedule sets forth the bases for
  computing the Traditional Annuity accumulation and any benefits and
  distributions arising from it. To the extent permitted by law, TIAA may
  change the rate schedule for amounts applied after the change, as explained
  in the Change of Rate Schedule section. 

	
  

	
 

	
19. 

	
Your required beginning date is the latest
  date on which you can begin to receive your accumulation in accordance with
  the rules of the IRC and the terms of your employer plan. Generally, it is
  the April 1 following the calendar year in which you attain 701⁄2 or, if later,
  the April 1 following the calendar year in which you retire. 

	
  

	
 

	
20. 

	
The second annuitant is the person you name,
  if you choose to receive your income under a two-life annuity, to receive an
  income for life if he or she survives you.
  You may name any person eligible under TIAA’s practices then in effect
  to be a second annuitant, subject to the rights of your spouse, if any, as
  described in Part I.

	
  

	
 

	
21. 

	
The Separate accounts are the accounts
  described in Part D.

	
  

	
 

	
22. 

	
A severance from employment occurs when you
  cease to be employed by the employer that maintains the employer plan.  In accordance with the provisions of the
  IRC and applicable regulations, a severance from employment will be deemed to
  occur even if you continue to perform the same job for a different employer
  that does not maintain the employer plan after a merger, acquisition,
  consolidation or other business transaction. 

	
  

	
 

	
23. 

	
Spouse’s rights. If you are married, then
  your spouse may be entitled to benefits, as described in Part I. 

	
  

	
 

	
24. 

	
A surrender charge will be assessed against
  the portion of your Traditional Annuity accumulation withdrawn to provide any
  lump-sum benefit, as shown in the rate schedule. 

	
 

	
 

	

	
END-G1000.6-ACC

	
Page E6

  TIAA GRA

Endorsement to
Your TIAA Group Retirement Annuity Certificate

	
 

	
 

	
25. 

	
Termination of employment for the purpose of
  determining the availability of the lump-sum benefit and the payments for a
  fixed-period option is a bona fide cessation of an employment relationship
  with your employer. Dissolution or modification of the employer plan; changes
  in the name or affiliation of your employer; leaves of absence, with or
  without pay; vacations; or other events not in fact a termination of
  employment will not be considered a termination of employment. 

	
  

	
 

	
26. 

	
The Traditional Annuity refers to the
  guaranteed annuity benefits under your certificate.  Amounts credited to the Traditional Annuity under your
  certificate buy a guaranteed minimum amount of lifetime income for you, in
  accordance with the applicable rate schedule or rate schedules. 

	
  

	
 

	
27. 

	
A valuation day is any business day, as
well as the last calendar day of each month. Valuation days end as of the
close of all U.S. national exchanges where securities or other investments of
the Investment Accounts are principally traded. Valuation days that aren’t business days end at 4:00 p.m.
Eastern Time. A valuation period is
the time from the end of a valuation day to the end of the next valuation
day.  

PART B: CONTRACT AND PREMIUMS

	
 

	
 

	
28. 

	
The contract
(including your certificate and any endorsements and amendments to it)
constitutes the entire contract between TIAA and the contractholder, and the
provisions therein alone will govern with respect to the rights and
obligations of TIAA. The sole responsibility of the contractholder is to
serve as a party to the contract. The employer paying premiums under the
contract shall be deemed to accept its terms and those of the trust agreement
under which it has been issued. The payment of premiums is the consideration
for the contract.  

	
  

	
 

	
  

	
          The contract may be amended by agreement of
  TIAA and the contractholder without the consent of any other person, provided
  that such change does not reduce any benefit purchased under the contract up
  to that time. Any endorsement or amendment of your certificate, waiver of any
  of its provisions, or change in rate schedule will be valid only if in
  writing and signed by an executive officer of TIAA.

	
  

	
 

	
29. 

	
Your certificate states the rights that you,
  the annuitant, have under the contract.
  It is issued in return for premiums remitted on your behalf. 

	
  

	
 

	
30. 

	
Contestability. The contract is
  incontestable. 

	
  

	
 

	
31. 

	
Companion CREF certificate. The College
  Retirement Equities Fund (CREF) is a companion organization to TIAA. A
  companion CREF Group Retirement Unit-Annuity certificate was issued to you
  when you received your certificate or, if not, on the date that you first
  participated in CREF, if applicable. 

	
  

	
 

	
32. 

	
Premiums for your certificate must be
  remitted under the terms of your employer plan. Premiums may be stopped at
  any time without notice to TIAA and then resumed without payment of any past
  due premium or penalty of any kind.
 

	
  

	
          TIAA
  reserves the right to limit to $300,000 the total premiums paid on your
  certificate and any other TIAA annuity contract on your life in any
  twelve-month period. 

	
 

	
 

	

	
END-G1000.6-ACC

	
Page E7

  TIAA GRA

Endorsement to
Your TIAA Group Retirement Annuity Certificate

	
 

	
 

	
  

	
TIAA
  reserves the right to stop accepting premiums under the contract at any time.
  TIAA will not accept premiums paid on your behalf after your annuity starting
  date or prior death. Premiums will be credited to your certificate as of the
  end of the business day in which they are received by TIAA at the location
  that TIAA will designate by prior written notice, in good order and in
  accordance with procedures established by TIAA or as required by law.
 

	
  

	
          Elective
  deferral contributions made to your TIAA or CREF contracts or certificates
  may not exceed the annual limits on elective deferrals described in Section
  402(g) of the IRC, or as otherwise permitted by law. TIAA will refund the
  accumulated value of all excess premiums made to your certificate, as
  required by law. 

	
  

	
 

	
33. 

	
Allocation of premiums. You allocate
  premiums between the Traditional Annuity and the Investment Accounts. If you
  allocate premiums to the Traditional Annuity they increase your Traditional
  Annuity accumulation. If you allocate premiums to an Investment Account, they
  purchase accumulation units in that Investment Account. You may change your
  allocation for future premiums at any time. TIAA will allocate your premiums
  according to the most recent valid instructions we have received from you in
  a form acceptable to TIAA. Your employer plan may limit your right to
  allocate premiums to the Traditional Annuity and/or to any Investment
  Account(s).
 

	
  

	
          TIAA
  may stop accepting premiums to any or all Investment Accounts at any time.

	
  

	
 

	
34. 

	
Unconditional protection against lapse. Your
  certificate will not lapse after the first premium has been paid. No
  additional premiums are required.

PART C: TRADITIONAL ANNUITY ACCUMULATION

	
 

	
 

	
 

	
 

	
35. 

	
Your Traditional Annuity accumulation is equal
  to:
 

	
  

	
 

	
A)

	
all premiums
  allocated to the Traditional Annuity under your certificate; plus

	
  

	
 

	
 

	
 

	
  

	
 

	
B)

	
interest
  credited by TIAA at the guaranteed interest rate set forth in the rate
  schedule; plus

	
  

	
 

	
 

	
 

	
  

	
 

	
C)

	
any
  additional amounts credited to the Traditional Annuity under your certificate
  by TIAA; plus

	
  

	
 

	
 

	
 

	
  

	
 

	
D)

	
any internal
  transfers to the Traditional Annuity under your certificate; less

	
  

	
 

	
 

	
 

	
  

	
 

	
E)

	
the amount
  of any lump-sum benefits paid from the Traditional Annuity; less 

	
  

	
 

	
 

	
 

	
  

	
 

	
F)

	
any amounts
  applied to a transfer payout annuity paid from the Traditional Annuity; less

	
  

	
 

	
 

	
 

	
  

	
 

	
G)

	
any charges
  for expenses and contingencies deducted by TIAA set forth in the rate
  schedule; less

	
  

	
 

	
 

	
 

	
  

	
 

	
H)

	
amounts
  deducted to provide an annuity income option or a death benefit method of
  payment from the Traditional Annuity; less

	
  

	
 

	
 

	
 

	
  

	
 

	
I)

	
any
  surrender charge assessed. 

	
  

	
 

	
 

	
 

	
  

	
When
  different rate schedules apply to different parts of the Traditional Annuity
  accumulation, any deductions from the Traditional Annuity accumulation will
  be allocated among the parts on a pro-rata basis in accordance with
  procedures established by TIAA.

	
 

	
 

	

	
END-G1000.6-ACC

	
Page E8

  TIAA GRA

Endorsement to
Your TIAA Group Retirement Annuity Certificate

	
 

	
 

	
36. 

	
Additional amounts. TIAA may credit
  additional amounts to your Traditional Annuity accumulation. TIAA does not
  guarantee that there will be additional amounts. TIAA will determine at least
  annually if additional amounts will be credited.
 

	
  

	
          Any
  additional amounts credited to your Traditional Annuity accumulation will buy
  benefits for you based on the rate schedule in effect on the day the
  additional amounts are credited. Additional amounts may also be paid with any
  Traditional Annuity benefits payable to you or your beneficiary.
 

	
  

	
          Any
  additional amounts credited to your Traditional Annuity accumulation will be
  credited under a schedule of additional amount rates declared by TIAA. For a
  Traditional Annuity accumulation in force as of the effective date of such a
  schedule, the additional amount rates will not be modified for a period of
  twelve months following the schedule’s effective date. For any premiums, any
  additional amounts, and any internal transfers applied to the Traditional
  Annuity during the twelve-month period described in the preceding sentence,
  TIAA may declare additional amounts at rates which remain in effect through
  the end of such twelve-month period. Thereafter, any additional amount rates
  declared for such premiums, additional amounts and internal transfers will
  remain in effect for periods of twelve months or more. 

	
  

	
 

	
PART D: SEPARATE ACCOUNTS 

	
  

	
37. 

	
The Real Estate Account is designated as “VA-2”
  and was established by TIAA in accordance with New York law to provide
  benefits under your certificate and other contracts. The assets and
  liabilities of separate account VA-2 are segregated from the assets and
  liabilities of the general account, and from the assets and liabilities of
  any other TIAA separate account. All premiums and internal transfers credited
  to the Real Estate Account become part of separate account VA-2.

	
  

	
 

	
38. 

	
The TIAA Access Account (The Access Account)
  is designated as “VA-3” and was established by TIAA in accordance with New
  York law to provide benefits under your certificate and other contracts. The
  assets and liabilities of separate account VA-3 are segregated from the
  assets and liabilities of the general account, and from the assets and
  liabilities of any other TIAA separate account. All premiums and internal
  transfers credited to the Access Account become part of separate account
  VA-3.

	
  

	
 

	
39. 

	
Accumulation Unit. Each Investment Account
  maintains a separate accumulation unit unique to the indicated pricing
  category. The value of each Investment Account’s accumulation unit is calculated
  at the end of each valuation day.  The
  value of an Investment Account’s accumulation unit is equal to the prior
  valuation day’s value multiplied by that account’s net investment factor.

	
  

	
 

	
40. 

	
An Investment Account Accumulation (the
  value of your share of an Investment Account) is equal to the number of your
  accumulation units in that Investment Account multiplied by the value of one
  accumulation unit in that Investment Account. Investment Account
  accumulations are variable and are not guaranteed. They may increase or
  decrease depending on the investment results of the funds underlying the
  Investment Accounts.

	
  

	
 

	
41. 

	
The Real Estate Account’s Net Investment Factor
  for a valuation period is based on the amount of accrued real estate net
  operating income, dividends, interest and other income

	
 

	
 

	

	
END-G1000.6-ACC

	
Page E9

  TIAA GRA

Endorsement to
Your TIAA Group Retirement Annuity Certificate

	
 

	
 

	
 

	
 

	
  

	
during the
  current period, a deduction of the separate account charge, both realized and
  unrealized capital gains and losses incurred, and other accounting
  adjustments during the current period. The precise formula for the net
  investment factor is A divided by B, as follows: 

	
  

	
 

	
  

	
 

	
A)

	
The value of
  the Real Estate Account’s net assets at the end of the current valuation
  period, less any premiums received during the current period. 

	
  

	
 

	
 

	
 

	
  

	
 

	
B)

	
The value of
  the Real Estate Account’s net assets at the end of the previous valuation
  period, plus the net effect of transactions (e.g. internal transfers, benefit
  payments) made at the start of the current valuation period. 

	
  

	
 

	
 

	
 

	
42. 

	
The Net Investment Factor for any Investment
  Account other than the Real Estate Account equals that account’s gross
  investment factor minus the separate account charge incurred for that account
  since the previous valuation day.

	
  

	
 

	
43. 

	
Each
  Investment Account other than the Real Estate Account has its own Gross Investment Factor. An Investment
  Account’s Gross Investment Factor equals A divided by B, as follows: 

	
 

	
 

	
 

	
 

	
 

	
 

	
A

	
equals

	
i.  

	
the value of
  the shares in the fund(s) held by the account, as reported to us by the
  fund(s), as of the end of the valuation day, excluding the net effect of
  contractholders’ transactions (i.e., premiums received, benefits paid, and
  transfers to and from the account) made during that day; plus
 

	
 

	
 

	
 

	
ii.  

	
investment
  income and capital gains distributed to the account; less
 

	
 

	
 

	
 

	
iii.  

	
any amount
  paid and/or reserved for tax liability resulting from the operation of the
  account since the previous valuation day. 

	
 

	
 

	
 

	
  

	
 

	
 

	
B

	
equals the
  value of the shares in the fund(s) held by the account as of the end of the
  prior valuation day, including the net effect of contractholders’
  transactions made during the prior valuation day.

	
 

	
 

	
 

	
 

	
44. 

	
Each
  Investment Account has its own separate
  account charge. The separate account charge for the Real Estate
  account is assessed for mortality and expense risk, liquidity risk and
  administrative and investment advisory services. The Real Estate Account
  separate account charge can be increased or decreased at the discretion of
  TIAA and is guaranteed not to exceed 2.50% per year of average net assets.
 

	
  

	
          The
  separate account charge for any Investment Account other than the Real Estate
  Account is assessed for mortality and expense risk and administration. The
  separate account charge for any subaccount of TIAA VA-3 is specific to the
  VA-3 pricing category indicated on the account specifications page. The
  separate account charge for any subaccount of TIAA VA-3 under your
  certificate can be increased or decreased at the discretion of TIAA and is
  guaranteed not to exceed 2.0% per year of that Investment Account’s average
  net assets.

	
  

	
 

	
45. 

	
Number of Accumulation Units. The number of
  your accumulation units in an Investment Account under your certificate will
  be increased by: 

	
  

	
 

	
  

	
 

	
A)

	
any premiums
  you allocate to that Investment Account; and

	
 

	
 

	

	
END-G1000.6-ACC

	
Page E10

  TIAA GRA

Endorsement to
Your TIAA Group Retirement Annuity Certificate

	
 

	
 

	
 

	
 

	
 

	
 

	
B)

	
any internal
  transfers you make to that Investment Account;

	
 

	
 

	
 

	
 

	
 

	
and will be
  decreased by: 

	
 

	
 

	
 

	
 

	
 

	
 

	
C)

	
the
  application of any accumulations to provide any form of benefit; and

	
 

	
 

	
 

	
 

	
 

	
 

	
D)

	
any internal
  transfers from your accumulation in that Investment Account to the Traditional
  Annuity, another Investment Account or your companion CREF certificate.

	
 

	
 

	
 

	
          The
  increase or decrease in the number of your accumulation units on any
  valuation day is equal to the net dollar value of all transactions divided by
  the value of the Investment Account’s accumulation unit as of the end of the
  valuation day on which the transaction becomes effective. 

PART E: YOUR INCOME BENEFIT

	
 

	
 

	
 

	
 

	
46. 

	
Starting your income benefit. Your annuity
  starting date may not be earlier than the earliest date allowed under your
  employer plan, nor later than your required beginning date. Payment of your
  income benefit will begin as of the annuity starting date you have chosen, if
  you are then living and: 

	
  

	
 

	
  

	
 

	
A)

	
you have
  chosen one of the income options set forth in section 47;
 

	
  

	
 

	
B)

	
if you
  choose a one-life annuity, we have received proof of your age;
 

	
  

	
 

	
C)

	
if you
  choose a two-life annuity, we have received proof of your age and the age of
  your second annuitant;
 

	
  

	
 

	
D)

	
if you
  choose the minimum distribution annuity, we have received proof of your age
  and the age of the calculation beneficiary you name, if any;
 

	
  

	
 

	
E)

	
if you
  choose the fixed-period annuity, we have received written certification from
  your employer of termination of employment and of eligibility for this
  option; and
 

	
  

	
 

	
F)

	
if your
  accumulation is subject to the spousal rights described in Part I, we have
  received any required waiver of spouse’s rights or proof that you are not
  married. 

	
  

	
 

	
  

	
          If
  the requirements of this section have not been completed by the annuity
  starting date you have chosen, the annuity starting date will be deferred to
  a date after these requirements have been completed, or if earlier, to your
  required beginning date. You may not begin a one-life annuity after you
  attain age 90, nor may you begin a two-life annuity after you or your second
  annuitant attain age 90. If your accumulation is less than $5,000 on your
  annuity starting date, TIAA may choose instead to pay your accumulation to
  you in a single sum.
 

	
  

	
          At
  any time before you start to receive your income benefit, you may change your
  annuity starting date to a date after the change, by written notice to TIAA
  as explained in section 81. 

	
  

	
 

	
47. 

	
Income options are the ways in which you may
  have your income benefit paid to you. These income options are available from
  your Traditional Annuity accumulation only. You can transfer some or all of
  any of your Investment Account accumulations to your Traditional 

	
 

	
 

	

	
END-G1000.6-ACC

	
Page E11

  TIAA GRA

Endorsement to
Your TIAA Group Retirement Annuity Certificate

	
 

	
 

	
 

	
Annuity
  accumulation to receive benefits under an income option available from the
  Traditional Annuity. Also, you may transfer some or all of any of your
  Investment Account accumulations to your companion CREF certificate, as
  described in section 55, to receive benefits under an income option available
  under that certificate. The fixed-period annuity option is available only
  after termination of employment, and may be limited under the terms of your
  employer’s plan.
 

	
 

	
          You
  may choose the option you want any time before your annuity starting date.
  You may change your choice any time before payments begin, but once they have
  begun, the election to begin receiving benefits is irrevocable and no change
  can be made. Any choice of option or change of such choice must be made by
  written notice to TIAA as explained in section 81.
 

	
 

	
          Your
  right to elect an option or change such election may be limited in accordance
  with section 87. If your accumulation is subject to spousal rights, your
  choice of an income option is subject to the rights of your spouse, if any,
  to benefits as explained in Part I. The availability of certain income
  options may be restricted by the IRC and by the terms of your employer plan.
 

	
 

	
          If
  you separate from service with your employer, we may distribute your
  accumulation to you, in accordance with the terms of your employer plan. If
  the plan administrator for your employer plan or his or her designee notifies
  us that distribution from your certificate must begin under the minimum
  distribution rules of federal tax law, we will begin income benefits under
  the income option selected by your plan administrator provided that the
  income option is one of the options described below.
 

	
 

	
          The
  following are the income options from which you may choose. All of them
  provide an income for you, some provide that payments will continue for the
  lifetime of a second annuitant and some provide that payments will continue
  in any event during a guaranteed or fixed period as explained in section 48.
  The periodic amount paid to you or a surviving second annuitant depends on
  which of these options you choose. 

	
 

	
 

	
 

	
 

	
 

	
 

	
One-life annuity. A payment will be made to
  you each month for as long as you live. You may include a guaranteed period
  of 10, 15 or 20 years. If you do not include a guaranteed period, all
  payments will cease at your death. If you include a guaranteed period and you
  die before the end of that period, monthly payments will continue until the
  end of that period and then cease.

	
 

	
 

	
 

	
 

	
 

	
Two-life annuity. A payment will be made to
  you each month for as long as you live. After your death, a payment will be
  made each month to the second annuitant you have named, for as long as he or
  she survives you. You cannot change your choice of second annuitant after
  your payments begin. You may include a guaranteed period of 10, 15 or 20
  years. If you do not include a guaranteed period, all payments will cease
  when you and your second annuitant have both died. You may choose from among
  the following forms of two-life annuity. 

	
 

	
 

	
 

	
 

	
 

	
 

	
Full benefit to survivor. At the death of
  either you or your second annuitant, the full amount of the monthly payments
  that would have been paid if you both had lived will continue to be paid to
  the survivor. If you include a guaranteed period and you and your second
  annuitant both die before the end of the period chosen, the full amount of
  the monthly payments that would have been paid if you both had lived will
  continue to be paid until the end of that period and then cease.

	
 

	
 

	

	
END-G1000.6-ACC

	
Page E12

  TIAA GRA

Endorsement to
Your TIAA Group Retirement Annuity Certificate

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Two-thirds benefit to survivor. At the death
  of either you or your second annuitant, two-thirds of the monthly payments
  that would have been paid if you both had lived will continue to  be paid to the survivor. If you include a
  guaranteed period and you and your second annuitant both die before the end
  of the period chosen, two-thirds of the monthly payments that would have been
  paid if you both had lived will continue to be paid until the end of that
  period and then cease. 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Half benefit to second annuitant. The full
  monthly income will continue to be paid as long as you live. After your
  death, if your second annuitant survives you, one-half of the monthly
  payments that would have been paid if you had lived will continue to be paid
  to your second annuitant. If you include a guaranteed period and you and your
  second annuitant both die before the end of the period chosen, one-half of
  the monthly payments that would have been paid if you had lived will continue
  to be paid until the end of that period and then cease. 

	
 

	
 

	
 

	
Interest payment and retirement annuity. A
  payment will be made to you each month until you die or convert to another
  income option. The amount of the payment will be equal to the interest that
  TIAA would otherwise credit to your Traditional Annuity accumulation.
 

	
 

	
          You
  must convert to another income option no later than your required beginning
  date, as defined in section 19, or, if earlier, the first day of the month in
  which you attain age 90. If you die before converting, a death benefit equal
  to your accumulation plus any interest credited to your Traditional Annuity
  accumulation since the last payment will be paid to the person or persons you
  name when electing this option.
 

	
 

	
          This
  income option is only available if you are at least age 55 and it is more
  than one year prior to your required beginning date. The value of the
  Traditional Annuity accumulation placed under this option must be at least
  $10,000. 

	
 

	
 

	
 

	
Fixed-period annuity. A payment of principal
  and interest will be made to you each month for a fixed period you choose
  that is not less than 5 nor more than 30 years. At the end of the period
  chosen all the principal and interest credited will have been paid out. If
  you die before the end of the period chosen, the monthly payments will
  continue until the end of that period and then cease. Your right to receive
  payments for a fixed period may be limited by the terms of your employer
  plan. This option is only available after termination of employment. 

	
 

	
 

	
 

	
Minimum distribution annuity. This income
  option enables you to limit your distribution to the minimum distribution
  requirements of federal tax law. Payments will be made to you from your
  accumulation until your accumulation is entirely paid out, or until your
  prior death. This option may not provide income that lasts for your entire
  lifetime.
 

	
 

	
          If,
  under this income option, you die before your entire accumulation has been
  paid out, a death benefit equal to your remaining accumulation will be paid
  to the person or persons you name when electing this option.
 

	
 

	
          This
  income option is only available on or after your required beginning date. The
  value of the accumulation placed under this option must be at least $10,000.

	
 

	
 

	

	
END-G1000.6-ACC

	
Page E13

  TIAA GRA

Endorsement to
Your TIAA Group Retirement Annuity Certificate

	
 

	
 

	
 

	
 

	
  

	
          Automatic election provision. If on your
  required beginning date, you have not met the requirements for starting your
  income benefit described in section 46, you will be deemed to have chosen the
  form of benefit distribution, if any, specified by the terms of your employer
  plan, if such form of benefit is available under your certificate. Otherwise,
  you will be deemed to have chosen a one-life annuity if you are then single,
  or the “half benefit to second annuitant” form of the two-life annuity if you
  are then married, each with a 10-year guaranteed period, if allowed under
  federal tax law. 

	
  

	
 

	
48. 

	
Post-mortem payments during a guaranteed or fixed period.
  Any periodic payments or other amounts remaining due after your death and the
  death of your second annuitant, if any, during a guaranteed or fixed period
  will be paid to the payee named to receive them. You name the payee at the
  time you choose the income option, as described in section 81. You may later
  change the named payee. If you choose a two-life annuity, your surviving
  second annuitant may change the named payees after your death, unless you
  direct otherwise.
 

	
  

	
          A
  payee may choose to receive in one sum the commuted value of any remaining
  periodic payments that do not involve life contingencies, unless you direct
  otherwise. If no payee was named to receive these payments, or if no one so
  named is then living, we will pay the remaining payments due or the commuted
  value of the remaining periodic payments in one sum to your estate, or to the
  estate of the last survivor of you and your second annuitant if you chose a
  two- life annuity.
 

	
  

	
          If
  a payee receiving payments during a guaranteed or fixed period option dies
  while payments remain due, the commuted value of any remaining payments due
  to that person will be paid to any other surviving payee that you (or your
  second annuitant) had named to receive them. If no payee so named is then
  living, the commuted value will be paid to the estate of the last payee who
  was receiving these benefit payments. 

	
  

	
 

	
49. 

	
The amount of your periodic income benefit as
  of the annuity starting date will be determined by: 

	
  

	
 

	
  

	
 

	
A)

	
the amount
  of your Traditional Annuity accumulation;
 

	
  

	
 

	
B)

	
the rate
  schedule or schedules under which any premiums, additional amounts and internal
  transfers were applied to your Traditional Annuity accumulation;
 

	
  

	
 

	
C)

	
the income
  option you choose;
 

	
  

	
 

	
D)

	
if you
  choose a one-life annuity, your age;
 

	
  

	
 

	
E)

	
if you
  choose a two-life annuity, your age and your second annuitant’s age; and
  

	
  

	
 

	
F)

	
if you
  choose the minimum distribution annuity, your age and the age of the
  calculation beneficiary you name under the minimum distribution annuity, if
  applicable.

	
  

	
 

	
 

	
 

	
  

	
          If your
  income benefit would be less than $100 a month, TIAA will have the right to change
  to quarterly, semi-annual or annual payments, whichever will result in
  payments of $100 or more and the shortest interval between payments. 

	
 

	
 

	

	
END-G1000.6-ACC

	
Page E14

  TIAA GRA

Endorsement to
Your TIAA Group Retirement Annuity Certificate

PART F: DEATH BENEFIT

	
 

	
 

	
 

	
 

	
50. 

	
Payment of the death benefit. If you die
  before your annuity starting date, the death benefit will be payable to your
  beneficiary. We must receive the following in a form acceptable to TIAA
  before any death benefit will be paid: 

	
  

	
 

	
 

	
 

	
  

	
 

	
A)

	
proof of
  your death;
 

	
  

	
 

	
B)

	
the choice
  of a method of payment as provided in section 52; and
 

	
  

	
 

	
C)

	
proof of the
  beneficiary’s age if the method of payment chosen is the one-life annuity or
  the minimum distribution annuity. 

	
  

	
 

	
 

	
 

	
  

	
          Payment
  under the single-sum payment method will be made as of the date we receive
  these items; payment under any other method of payment will start no later
  than the first day of the month after we have received these items.
 

	
  

	
          Upon
  receipt of proof of your death, we will divide your accumulation into as many
  portions as there are validly designated beneficiaries for your certificate.
  If different rate schedules apply to different parts of your Traditional
  Annuity accumulation, the resulting portions will be allocated among the
  parts on a pro-rata basis in accordance with procedures established by TIAA.
  Each validly designated beneficiary will then have the right to make
  elections available under your certificate in connection with his or her
  portion of the accumulation. 

	
  

	
 

	
51. 

	
Naming your beneficiary. Beneficiaries are
  persons you name to receive the death benefit if you die before your annuity
  starting date. At any time before your annuity starting date, you may name,
  change, add or delete your beneficiaries by written notice to TIAA, as
  explained in section 81. If your accumulation is subject to spousal rights,
  then your right to name a beneficiary for the death benefit is subject to the
  rights of your spouse, if any, as described in Part I.
 

	
  

	
          You
  can name two classes of beneficiaries, primary and contingent, which set the
  order of payment. At your death, your beneficiaries are the surviving primary
  beneficiary or beneficiaries you named. If no primary beneficiary survives
  you, your beneficiaries are the surviving contingent beneficiary or
  beneficiaries you named. The share of any named beneficiary in a class who
  does not survive will be allocated in equal shares to the beneficiaries in
  such class who do survive, even if you’ve provided for these beneficiaries to
  receive unequal shares.
 

	
  

	
          The
  death benefit will be paid to your estate in one sum if: you name your estate
  as beneficiary; or none of the beneficiaries you have named is alive at the
  time of your death; or at your death you had never named a beneficiary. If
  distributions to a named beneficiary are barred by operation of law, the
  death benefit will be paid to your estate.
 

	
  

	
          If
  at your death any distribution of the death benefit would be in conflict with
  any rights of your spouse under law that were not previously waived, or with
  the terms of your employer plan, TIAA will pay the death benefit in
  accordance with your spouse’s rights. 

	
  

	
 

	
52. 

	
Methods of payment are the ways in which
  your beneficiary may receive the death benefit. The single-sum payment method
  is available from your Traditional Annuity and Investment Account
  accumulations. The other methods are available from the Traditional Annuity
  only. Your beneficiary can, however, transfer some or all of any of your
  Investment Account accumulations to the Traditional Annuity in order to
  receive that portion of the death benefit under a method of payment available
  from the Traditional Annuity. Your beneficiary can 

	
 

	
 

	

	
END-G1000.6-ACC

	
Page E15

  TIAA GRA

Endorsement to
Your TIAA Group Retirement Annuity Certificate

	
 

	
 

	
 

	
also
  transfer some or all of your accumulation to CREF in order to receive that
  portion of the death benefit under a method of payment offered by CREF. Such
  transfer can be for all of your accumulation, or for any part thereof not
  less than $1,000.

	
 

	
          You
  may choose the method of payment and change your choice at any time before
  payments begin. After your death, your beneficiary may change the method
  chosen by you, if you so provide. If you do not choose a method of payment,
  your beneficiary will make the choice when he or she becomes entitled to
  payments. The right to elect a method or change such election may be limited
  in accordance with section 87.
 

	
 

	
          A
  beneficiary may not begin to receive the death benefit under the one-life
  annuity method after he or she attains age 90. If you die before your annuity
  starting date and have chosen the one-life annuity method for a beneficiary
  who has attained age 90, he or she must choose another method. Any choice of
  method or change of such choice must be made by written notice to TIAA, as
  explained in section 81.
 

	
 

	
          Generally,
  the distribution of the death benefit under any method of payment must be
  made over the lifetime of your beneficiary or over a period not to exceed
  your beneficiary’s life expectancy, in accordance with applicable tax law.
 

	
 

	
          The
  distribution of the death benefit under a method of payment must be made in
  such a form and begin at such date as meets the requirements of the IRC and
  the regulations thereunder. If such method of payment has not been chosen to
  begin by that date, we will elect a method of payment in accordance with the
  requirements of the IRC and any regulations thereunder. The following are the
  methods of payment: 

	
 

	
 

	
 

	
 

	
 

	
Single-sum payment. The death benefit will
  be paid to your beneficiary in one sum.

	
 

	
 

	
 

	
 

	
 

	
One-life annuity. A payment will be made to
  your beneficiary each month for life. A guaranteed period of 10, 15 or 20
  years may be included. If a guaranteed period isn’t included, all payments
  will cease at the death of your beneficiary. If a guaranteed period is
  included and your beneficiary dies before the end of that period, monthly
  payments will continue until the end of that period and then cease, as
  explained in section 54. 

	
 

	
 

	
 

	
 

	
 

	
Fixed-period annuity. A payment will be made
  to your beneficiary each month for a fixed period of not less than 2 nor more
  than 30 years, as chosen. At the end of the period chosen, the entire death
  benefit will have been paid out. If your beneficiary dies before the end of
  the period chosen, the monthly payments will continue until the end of that
  period and then cease, as explained in section 54.

	
 

	
 

	
 

	
 

	
 

	
Minimum distribution annuity. This method
  enables your beneficiary to limit his or her distribution to the minimum
  distribution requirements of federal tax law. Payments are made from your
  accumulation in each year that a distribution is required, until your
  accumulation is entirely paid out or until your beneficiary dies. This method
  may not provide income for your beneficiary that lasts for his or her entire
  lifetime. If your beneficiary dies before the entire accumulation has been
  paid out, the remaining accumulation will be paid in one sum to the payee
  named to receive it. The value of the death benefit placed under this method
  must be at least $10,000.

	
 

	
 

	
 

	
 

	
 

	
Interest payments. A payment of interest on
  the death benefit will be made to your beneficiary each month for a chosen
  period of not less than 2 nor more than 30 years.  At the end of the period chosen, TIAA will pay the death
  benefit to your beneficiary.  

	
 

	
 

	

	
END-G1000.6-ACC

	
Page E16

  TIAA GRA

Endorsement to
Your TIAA Group Retirement Annuity Certificate

	
 

	
 

	
 

	
 

	
  

	
 

	
If your
  beneficiary dies while any part of the death benefit is held by TIAA, that
  amount will be payable as explained in section 54.

	
  

	
 

	
 

	
53. 

	
The amount of death benefit payments will be
  determined as of the date payments are to begin by: 

	
  

	
 

	
  

	
 

	
A)

	
the amount
  of your Traditional Annuity accumulation;
 

	
  

	
 

	
B)

	
the rate
  schedule or schedules under which any premiums, additional amounts and
  internal transfers were applied to your Traditional Annuity accumulation;
 

	
  

	
 

	
C)

	
the method
  of payment chosen for the death benefit; and
 

	
  

	
 

	
D)

	
if the
  method chosen is the one-life annuity or the minimum distribution annuity,
  the age of your beneficiary. 

	
  

	
 

	
 

	
 

	
  

	
          If
  any method chosen would result in payments of less than $100 a month, TIAA
  will have the right to require a change in choice that will result in
  payments of at least $100 a month. 

	
  

	
 

	
54. 

	
Payments after the death of a beneficiary.
  Any periodic payments or other amounts remaining due after the death of your
  beneficiary during a guaranteed or fixed period will be paid to the payee
  named by you or your beneficiary to receive them, by written notice to TIAA
  as explained in section 81. The commuted value of these payments may be paid
  in one sum unless we are directed otherwise.
 

	
  

	
          If
  no payee has been named to receive these payments, or if no one so named is
  living at the death of your beneficiary, the commuted value will be paid in
  one sum to your beneficiary’s estate.
 

	
  

	
          If
  a payee receiving these payments dies before the end of the guaranteed or
  fixed period, the commuted value of any payments still due that person will
  be paid to any other payee named to receive it. If no one has been so named,
  the commuted value will be paid to the estate of the last payee who was
  receiving these payments.
 

	
  

	
          If
  your beneficiary dies while any part of the death benefit is held by TIAA
  under the minimum distribution annuity, that amount will be paid in one sum
  to the payee you or your beneficiary have named to receive it. If no such
  person survives your beneficiary, the death benefit will be paid in one sum
  to your beneficiary’s estate. 

	
  

	
 

	
PART G: INTERNAL TRANSFERS 

	
  

	
55. 

	
Internal transfers from the Investment Accounts, among the Investment
  Accounts or from CREF. Subject to section 60, you
  may transfer all of any of your Investment Account accumulations, or any part
  thereof not less than $1,000, to your TIAA Traditional Annuity accumulation
  or your companion CREF certificate. You may also transfer among your
  Investment Account accumulations.  If
  you have an accumulation in your companion CREF certificate, you may transfer
  from that certificate to your certificate. Any transfer to or from CREF is
  subject to the terms of your companion CREF certificate and CREF’s Rules of
  the Fund. TIAA reserves the right to limit internal transfers from each of
  the Investment Accounts to not more than one in a calendar quarter. TIAA
  reserves the right to stop accepting internal transfers to the Traditional
  Annuity and/or any or all of the Investment Accounts at any time.  Your
  employer plan may limit your right to transfer to the 

	
 

	
 

	

	
END-G1000.6-ACC

	
Page E17

  TIAA GRA

Endorsement to
Your TIAA Group Retirement Annuity Certificate

	
 

	
 

	
 

	
 

	
  

	
Traditional Annuity, any or all of the
  Investment Accounts, and/or to a CREF account in accordance with the CREF’s
  Rules of the Fund.

	
  

	
 

	
 

	
 

	
56. 

	
Systematic transfers from and among the Investment Accounts.
  Subject to section 60, you may elect to have transfers from or among
  Investment Accounts made on a systematic basis. Systematic transfers may be
  made semi-monthly, monthly, quarterly, semi-annually or annually. Semi-monthly transfers are made twice a month, with the second payment scheduled
  14 days after the first payment. You choose which day the transfer will be
  made, except that if the date of a scheduled transfer is not a business day,
  the transfer will be made on the following business day. Transfers will
  continue until you tell us to stop or an Investment Account accumulation is
  insufficient to support the transfer. Systematic transfers are subject to all
  the provisions described above for transfers, except that a reduced minimum
  amount of $100 applies to such transfers. 

	
  

	
 

	
57. 

	
Internal transfers from the Traditional Annuity.
  You may transfer your Traditional Annuity accumulation to your companion CREF
  certificate or to an Investment Account under a transfer payout annuity. Each
  transfer payout annuity payment to CREF is subject to the terms of your companion
  CREF certificate and CREF’s Rules of the Fund. Your employer plan may limit
  your right to transfer to any of the Investment Accounts.  TIAA reserves the right to stop accepting
  transfer payout annuity payments to any of the Investment Accounts at any
  time.
 

	
  

	
          Transfer
  payout annuity payments will be made over a 10-year period. The amount of
  each transfer payout annuity payment will be determined as of the annuity
  starting date for the transfer payout annuity by: 

	
  

	
 

	
  

	
 

	
A)

	
the amount
  of your Traditional Annuity accumulation; and
 

	
  

	
 

	
B)

	
the interest
  rate(s) in the rate schedule(s) under which any premiums, additional amounts,
  and internal transfers were applied to your Traditional Annuity accumulation.
  

	
  

	
 

	
 

	
 

	
  

	
          Your
  request for a transfer payout annuity must be made by written notice to TIAA,
  as described in section 81. If you die before all transfer payout annuity
  payments have been made, any remaining payments will continue to the
  beneficiary you name when electing this option. Your beneficiary may instead
  choose to receive a death benefit equal to the commuted value of any
  remaining payments. 

	
  

	
 

	
58. 

	
Effective date of internal transfers. An
  internal transfer will be effective as of the end of the business day in
  which we receive your written request for an internal transfer.  You may defer the effective date of the
  internal transfer until any business day following the date on which we
  receive your request.  TIAA will
  determine all values as of the end of the effective date.  You can’t revoke a request for an internal
  transfer after its effective date. 

	
  

	
 

	
59. 

	
Crediting internal transfers. Internal
  transfers to your Traditional Annuity accumulation are credited to the
  Traditional Annuity as of the end of the effective date of the internal
  transfer. Internal transfers to your Investment Account accumulations
  purchase accumulation units as of the end of the effective date of the
  internal transfer.

	
  

	
 

	
60. 

	
Restrictions on transfers. To the extent
  permitted by applicable law, we may reject, limit, defer or impose other
  conditions on transfers into or out of an Investment Account in order to curb
  frequent transfer activity to the extent that comparable limitations are
  imposed on the 

	
 

	
 

	

	
END-G1000.6-ACC

	
Page E18

  TIAA GRA

Endorsement to
Your TIAA Group Retirement Annuity Certificate

	
 

	
 

	
 

	
 

	
  

	
purchase,
  redemption or exchange of shares of any of the funds held by an Investment
  Account. In accordance with applicable law, we may terminate the transfer
  feature of the certificate at any time.
 

	
  

	
          A
  fund in which an Investment Account invests may impose a redemption charge on
  its assets that are redeemed out of the fund in connection with a transfer.
  The fund determines the amount of the redemption charge and the charge is
  retained by or paid to the fund and not by or to TIAA. The redemption charge
  may affect the number and value of accumulation units transferred out of the
  Investment Account that invests in that fund and, therefore, may affect the
  Investment Account accumulation.

	
  

	
 

	
PART H: LUMP-SUM BENEFITS 

	
  

	
61. 

	
Availability of the lump-sum benefit. You
  may withdraw all of your Traditional Annuity accumulation, or any part
  thereof not less than $1,000 as a lump-sum benefit. Such withdrawals can only
  be made before the commencement of annuity payments and within 120 days
  after: 

	
  

	
 

	
  

	
 

	
A)

	
the date you
  terminate employment or, if later;
 

	
  

	
 

	
B)

	
the specific
  date stipulated in your employer plan. 

	
  

	
 

	
 

	
 

	
  

	
          After
  the 120-day period expires the election of a lump-sum benefit from your
  Traditional Annuity accumulation will never again be available. Lump-sum
  benefits paid from the Traditional Annuity accumulation will be reduced by
  any surrender charge in accordance with the applicable rate schedule or
  schedules.
 

	
  

	
          At
  any time you may, subject to the limits described below, withdraw as a
  lump-sum benefit all of any of your Investment Account accumulations, or any
  part thereof not less than $1,000. TIAA reserves the right to limit lump-sum
  benefits from your Traditional Annuity accumulation and each of your
  Investment Account accumulations to not more than one in a calendar quarter.
 

	
  

	
          A
  lump-sum benefit will not be available before the earliest date permitted
  under your employer plan. For both the Traditional Annuity and the Investment
  Accounts, the availability of a lump-sum benefit may be limited by your
  employer plan.
 

	
  

	
          If
  you have a severance from employment with your employer, we may choose to
  distribute your accumulation to you as a lump-sum benefit (without surrender
  charge) in accordance with the terms of your employer plan subject to the
  restrictions on mandatory distributions under the IRC.
 

	
  

	
          If
  you are married, and some or all of any of your Investment Account
  accumulations are subject to spousal rights, your right to receive a lump-sum
  benefit is subject to the rights of your spouse as described in Part I.
 

	
  

	
          Federal
  tax law may restrict distributions as described in Part J. 

	
  

	
 

	
62. 

	
Effective date of a lump-sum benefit. Any
  choice of lump-sum benefit must be made by written notice to TIAA on or
  before the day your income benefits begin, as explained in section 81. A
  lump-sum benefit will be effective as of the business day on which we
  receive, in a form acceptable to TIAA:
 

	
  

	
 

	
A)

	
your request
  for a lump-sum benefit; 

	
 

	
 

	

	
END-G1000.6-ACC

	
Page E19

  TIAA GRA

Endorsement to
Your TIAA Group Retirement Annuity Certificate

	
 

	
 

	
 

	
 

	
  

	
 

	
B)

	
verification
  from your employer of your eligibility for a lump-sum benefit, and
  certification of termination of employment if the lump-sum benefit is
  requested from the Traditional Annuity accumulation; and
 

	
  

	
 

	
C)

	
if your
  accumulation is subject to the spousal rights described in Part I, a waiver
  of spouse’s rights or proof that you are not married. 

	
  

	
 

	
 

	
 

	
  

	
          You
  may choose to defer the effective date of the lump-sum benefit until any
  business day following the date on which we receive the above requirements.
  In no event, however, can a lump-sum benefit from the Traditional Annuity
  accumulation be effective before the date that you terminate employment or
  after the 120-day period described in section 61. TIAA will determine all
  values as of the end of the effective date. You can’t revoke a request for a
  lump- sum benefit after its effective date.
 

	
  

	
          TIAA
  may defer the payment of a Traditional Annuity lump-sum benefit for up to six
  months. 

	
  

	
 

	
63. 

	
Payment of a lump-sum benefit. A lump-sum
  benefit may be paid: 

	
  

	
 

	
  

	
 

	
A)

	
to you as a
  cash withdrawal;
 

	
  

	
 

	
B)

	
to another
  funding vehicle as a direct transfer under federal tax law; or
 

	
  

	
 

	
C)

	
to a TIAA
  IRA contract, a CREF IRA certificate, or to a funding vehicle whether or not
  it is offered by TIAA or CREF, as a tax-free rollover as permitted in section
  82. 

	
  

	
 

	
 

	
 

	
64. 

	
Amount of a lump-sum benefit. If you choose
  a lump-sum benefit from your Traditional Annuity accumulation, when such
  lump-sum is available as described above, we will pay the portion of your
  Traditional Annuity accumulation you choose, less any surrender charge in
  accordance with the applicable rate schedule or schedules. If you choose a
  lump-sum benefit from your any of your Investment Account accumulations, we
  will pay the portion of the Investment Account accumulation you choose.
 

	
  

	
          Payment
  of a lump-sum benefit reduces the accumulation from which it is paid by the
  amount chosen, including any surrender charge. 

	
  

	
 

	
65. 

	
Systematic withdrawals. You may elect to
  have lump-sum benefits from any of your Investment Account accumulations made
  on a systematic basis. Systematic withdrawals may be made semi-monthly,
  monthly, quarterly, semi-annually or annually. Semi-monthly withdrawals are
  made twice a month, with the second payment scheduled 14 days after the first
  payment. You choose which day the lump-sum benefit will be paid, except that
  if the date of a scheduled lump-sum benefit is not a business day, it will be
  paid on the following business day. Withdrawals will continue until you tell
  us to stop or until the portion of an Investment Account accumulation
  available to you is insufficient to support the benefit. Systematic
  withdrawals are subject to all the provisions described above for lump-sum
  benefits, except that a reduced minimum amount of $100 applies.

	
  

	
 

	
66. 

	
Systematic Withdrawals from the Investment Accounts to Pay Financial
  Advisor Fees. You may authorize a series of systematic withdrawals
  from your Investment Account accumulations to pay the fees of a financial
  advisor.  Such systematic withdrawals
  are subject to all provisions applicable to systematic withdrawals, except as
  otherwise described in this section. 

	
 

	
 

	

	
END-G1000.6-ACC

	
Page E20

  TIAA GRA

Endorsement to
Your TIAA Group Retirement Annuity Certificate

	
 

	
 

	
 

	
 

	
  

	
          One
  series of systematic withdrawals to pay financial advisor fees may be in
  effect at the same time that one other series of systematic withdrawals is
  also in effect.  Systematic
  withdrawals to pay financial advisor fees must be scheduled to be made
  quarterly only, on the first day of each calendar quarter.  The amount withdrawn from each account
  must be specified in dollars or percentage of accumulation, and will be in
  proportion to the accumulations in each account at the end of the business
  day prior to the withdrawal. The financial advisor may request that we stop
  making withdrawals.
 

	
  

	
          We
  reserve the right to determine the eligibility of financial advisors for this
  type of fee reimbursement. 

	
  

	
 

	
 

	
 

	
PART I: SPOUSE’S RIGHTS TO BENEFITS 

	
  

	
 

	
 

	
 

	
67. 

	
Spouse’s rights to benefits. If you are
  married, and all or part of your accumulation is attributable to
  contributions made under
 

	
  

	
 

	
A)

	
an employer
  plan subject to ERISA; or
 

	
  

	
 

	
B)

	
an employer
  plan that provides for spousal rights to benefits,
 

	
  

	
then, only
  to the extent required by the IRC, ERISA or the terms of your employer plan,
  your rights to choose certain benefits are restricted by the rights of your
  spouse to benefits as follows:

	
  

	
 

	
  

	
 

	
Spouse’s survivor retirement benefit. If you
  are married on your annuity starting date, your income benefit must be paid
  under a two-life annuity with your spouse as second annuitant.

	
  

	
 

	
 

	
  

	
 

	
Spouse’s survivor death benefit. If you die
  before your annuity starting date and your spouse survives you, the payment
  of the death benefit to your named beneficiary may be subject to your spouse’s
  right to receive a death benefit.
  Under an employer plan subject to ERISA, your spouse has the right to
  a death benefit of at least 50% of any part of your accumulation attributable
  to contributions made under such plan. Under an employer plan not subject to
  ERISA, your spouse may have the right to a death benefit in the amount
  stipulated in the plan.

	
  

	
 

	
 

	
 

	
  

	
          Your
  spouse may consent to a waiver of his or her rights to these benefits, as
  explained in section 68. 

	
  

	
 

	
68. 

	
Waiver of spouse’s rights. If you are
  married, your spouse must consent to a waiver of his or her rights to
  survivor benefits before you can choose: 

	
  

	
 

	
  

	
 

	
A)

	
an income
  option other than a two-life annuity with your spouse as second annuitant; or
 

	
  

	
 

	
B)

	
beneficiaries
  who are not your spouse for more than the percentage of the death benefit
  allowed by the employer plan; or
 

	
  

	
 

	
C)

	
a lump-sum
  benefit. 

	
  

	
 

	
 

	
 

	
  

	
          In
  order to waive the rights to spousal survivor benefits, we must receive, in a
  form satisfactory to TIAA, your spouse’s consent, or a satisfactory
  verification that your spouse cannot be located. A waiver of rights with
  respect to an income option or a lump-sum 

	
 

	
 

	

	
END-G1000.6-ACC

	
Page E21

  TIAA GRA

Endorsement to
Your TIAA Group Retirement Annuity Certificate

	
 

	
 

	
 

	
 

	
  

	
benefit
  must be made in accordance with the IRC and ERISA, or the applicable
  provisions of your employer plan. A waiver of the survivor death benefit may
  not be effective if it is made prior to the earlier of the plan year in which
  you reach age 35 or your severance from employment of your employer.
 

	
  

	
          Verification
  of your marital status may be required, in a form satisfactory to TIAA, for
  purposes of establishing your spouse’s rights to benefits or a waiver of
  these rights. You may revoke a waiver of your spouse’s rights to benefits at
  any time during your lifetime and before the annuity starting date. Your
  spouse may not revoke a consent after the consent has been given. 

	
  

	
 

	
 

	
 

	
69. 

	
Liability of TIAA. Any action taken by TIAA
  in good faith before receiving written notice of a waiver of rights included
  in your certificate, or of revocation of such waiver, will not subject TIAA
  to liability because our acts were contrary to what was stated in such waiver
  or revocation. 

	
  

	
 

	
PART J: RESTRICTIONS ON DISTRIBUTIONS AND
INCOME BENEFITS 

	
  

	
70. 

	
IRC Section 401(k) plans. Your ability to
  elect a distribution as available under the terms of your certificate is also
  subject to the applicable provisions of the IRC.  IRC Section 401(k) prohibits the distribution of the portion of
  your accumulation attributable to premiums paid as elective deferrals, except
  as a tax-free transfer to another funding vehicle, until you: 

	
  

	
 

	
 

	
 

	
  

	
 

	
A)

	
attain age
  59 1/2, in the case of a profit-sharing plan;
 

	
  

	
 

	
B)

	
have a
  severance from employment with respect to the employer under whose plan the
  aforementioned portion is attributable;
 

	
  

	
 

	
C)

	
die;
 

	
  

	
 

	
D)

	
become
  disabled within the meaning of IRC Section 72(m)(7);
 

	
  

	
 

	
E)

	
encounter
  financial “hardship” within the meaning of IRC Section 401(k);
 

	
  

	
 

	
 

	
 

	
  

	
or, if
  earlier, upon the occurrence of any of the events described in IRC Section
  401(k)(10).
 

	
  

	
          In
  the case of hardship, IRC Section 401(k) requires that any earnings credited
  after December 31, 1988 be unavailable for distribution.
  

	
  

	
          Any
  request for an early withdrawal due to disability, hardship, or severance
  from employment must be submitted with evidence of the disability, hardship,
  or severance from employment on forms satisfactory to TIAA and not
  inconsistent with applicable law. 

	
  

	
 

	
71. 

	
IRC Section 403(b) plans. Your ability to
  elect a distribution as available under the terms of your certificate is also
  subject to the applicable provisions of the IRC. In general, IRC Section
  403(b) prohibits the distribution to you of the portion of your accumulation
  equal to: 

	
  

	
 

	
  

	
 

	
A)

	
amounts
  attributable to funds transferred to your certificate from a custodial
  account established under IRC Section 403(b)(7); plus
 

	
  

	
 

	
B)

	
amounts
  attributable to premiums paid to an IRC Section 403(b)(1) annuity contract as
  elective deferrals under a salary reduction agreement (within the meaning of
  IRC Section 403(b)(11)); less

	
 

	
 

	

	
END-G1000.6-ACC

	
Page E22

  TIAA GRA

Endorsement to
Your TIAA Group Retirement Annuity Certificate

	
 

	
 

	
 

	
 

	
  

	
 

	
C)

	
the value,
  if any, of the amounts described in B) determined as of December 31, 1988. 

	
  

	
 

	
 

	
 

	
  

	
until you:

	
 

	
  

	
 

	
 

	
  

	
 

	
(1)

	
reach age
  591⁄2;
 

	
  

	
 

	
(2)

	
have a
  severance from employment with respect to the employer under whose plan the
  aforementioned portion is attributable;
 

	
  

	
 

	
(3)

	
die;
 

	
  

	
 

	
(4)

	
become
  disabled within the meaning of IRC Section 72(m)(7); or
 

	
  

	
 

	
(5)

	
encounter
  financial “hardship” within the meaning of IRC Section 403(b).

	
  

	
 

	
 

	
 

	
  

	
          In
  the case of hardship, IRC Section 403(b) generally requires that any earnings
  credited after December 31, 1988 and any contributions paid after December
  31, 1988 to a custodial account established under IRC Section 403(b)(7) that
  are not elective deferrals under a salary reduction agreement, will not be
  available for distribution.
 

	
  

	
          Any
  request for an early withdrawal due to disability, hardship, or severance
  from employment must be submitted with evidence of the disability, hardship,
  or severance from employment on forms satisfactory to TIAA and must not be
  inconsistent with applicable law. 

	
  

	
 

	
PART K: GENERAL PROVISIONS 

	
  

	
72. 

	
Insulation of the Investment Accounts. TIAA
  owns the assets in each Investment Account. To the extent permitted by law,
  the assets in each Investment Account will not be charged with liabilities
  arising out of any other business TIAA may conduct. All income, investment
  gains and investment losses of each Investment Account, whether or not
  realized, will be credited to or charged against only that account without
  regard to TIAA’s other income, gains or losses.

	
  

	
 

	
73. 

	
Modification of an Investment Account. We
  may, as permitted by applicable law, combine or delete Investment Accounts.
  We may add other Investment Accounts with the consent of your employer under
  your employer plan. We may also, as permitted by applicable law and the New
  York Insurance Department, change or substitute the fund(s) whose shares are
  held by the Investment Accounts.
 

	
  

	
          If
  you own accumulation units in an Investment Account that is deleted, you will
  be deemed to have instructed us to transfer them to the CREF Money Market
  Account, if available, or such other account as specified by your employer
  under the terms of the employer plan.
  However, if permitted by your employer plan, you may instruct us to
  transfer such amounts to any other available Investment Account, the
  Traditional Annuity or to your companion CREF certificate.

	
  

	
 

	
74. 

	
Applicability of prior provisions.  Any of the following provisions of your
  original certificate will remain in effect as of the effective date of this
  endorsement to the extent that they are applicable to substantially similar
  provisions of this endorsement:

	
 

	
 

	

	
END-G1000.6-ACC

	
Page E23

  TIAA GRA

Endorsement to
Your TIAA Group Retirement Annuity Certificate

	
 

	
 

	
 

	
 

	
  

	
 

	
A)

	
Provisions
  detailing the terms of your employer plan appearing on page 3 of your
  original certificate.
 

	
  

	
 

	
B)

	
Any
  provisions pertaining to ownership of your certificate other than by the
  annuitant.
 

	
  

	
 

	
C)

	
The rate
  schedule or rate schedules as applicable.
 

	
  

	
 

	
D)

	
Annuitant
  specific information appearing on page 3 of your original certificate subject
  to any changes you have made as allowed under the terms of your certificate.
 

	
  

	
 

	
E)

	
Provisions
  detailing premium taxes.
 

	
  

	
 

	
F)

	
Lower
  minimum transaction amounts relative to the amounts indicated in this
  endorsement. 

	
  

	
 

	
 

	
 

	
75. 

	
Report of accumulation. At least once each
  year, we will provide you with a report for your certificate showing the
  value of your accumulation (death benefit) as of a date specified in the
  report. 

	
  

	
 

	
76. 

	
Investment Company Act of 1940.  The TIAA Access Account is a
  unit-investment trust which is a registered investment company under the
  Investment Company Act of 1940.
  However, we may operate the separate account using any other form
  permitted under the Act.  Also, we may
  deregister the separate account under the Act, subject to compliance with
  applicable law.

	
  

	
 

	
77. 

	
No loans. Your certificate does not provide
  for loans. 

	
  

	
 

	
78. 

	
No assignment. Neither you nor any other
  person may assign, pledge, or transfer ownership of your certificate or any
  benefits under its terms. Any such action will be void and of no effect. 

	
  

	
 

	
79. 

	
Limited cash surrender benefit. The only
  provision for cash surrender under your certificate is the Lump-Sum Benefits
  described in Part H. 

	
  

	
 

	
80. 

	
Protection against claims of creditors. The
  benefits and rights accruing to you or any other person under your
  certificate are exempt from the claims of creditors or legal process to the
  fullest extent permitted by law. 

	
  

	
 

	
81. 

	
Procedure for elections and changes. You (or
  your beneficiaries after your death) have to make any choice or changes available
  under your certificate in a form acceptable to TIAA at our home office in New
  York, NY, or at another location that we designate. If you (or your
  beneficiaries after your death) send us a notice changing your beneficiaries
  or other persons named to receive payments, it will take effect as of the
  date it was signed even if you (or any other signer) then die before the
  notice actually reaches TIAA. Any other notice will take effect as of the
  date TIAA receives it. If TIAA takes any action in good faith before
  receiving the notice, we won’t be subject to liability even if our acts were
  contrary to what was stated in the notice.
 

	
  

	
          For
  purposes of determining the effective dates of any transaction and premium
  receipts, transaction requests and premiums will only be deemed to have been
  received when they are received by TIAA, or its appropriately designated
  agent, in good order, in accordance with procedures established by TIAA or as
  required by law.  TIAA reserves the right to
  limit the number of transactions that you may make effective on a single
  business day. 

	
 

	
 

	

	
END-G1000.6-ACC

	
Page E24

  TIAA GRA

Endorsement to
Your TIAA Group Retirement Annuity Certificate

	
 

	
 

	
 

	
 

	
82. 

	
Right to a tax-free rollover. If you or your
  surviving spouse (or your spouse or former spouse as an alternate payee under
  a “qualified domestic relations order,” as defined in the IRC) receive a
  distribution from your certificate which qualifies as an eligible rollover
  distribution under IRC Section 402(c)(4), any portion of it may be paid as a
  direct rollover to an eligible retirement plan. An eligible retirement plan
  is, to the extent permitted by law, a plan satisfying the requirements of IRC
  Section 401(a), 403(a), 403(b), 408 or to the extent that the plan sponsor is
  a state or local government, Section 457(b).
 

	
  

	
          Retirement
  plans eligible for such rollovers may, in the future, be changed by law. If
  such changes become effective, your certificate will be governed by the laws
  and regulations then applicable. 

	
  

	
 

	
 

	
 

	
83. 

	
Payment to an estate, trustee, etc. TIAA
  reserves the right to pay in one sum the commuted value of any benefits due
  an estate, corporation, partnership, trustee or other entity that isn’t a
  natural person. TIAA won’t be responsible for the acts or neglects of any
  executor, trustee, guardian, or other third party receiving payments under
  your certificate.
 

	
  

	
          If
  you designate a trustee of a trust as beneficiary, TIAA is not obliged to
  inquire into the terms of the underlying trust or any will.
 

	
  

	
          If
  death benefits become payable to the designated trustee of a testamentary
  trust, but: 

	
  

	
 

	
  

	
 

	
A)

	
no qualified
  trustee makes claim for the benefits within nine months after your death; or
 

	
  

	
 

	
B)

	
evidence
  satisfactory to TIAA is presented at any time within such nine-month period
  that no trustee can qualify to receive the benefits due, 

	
  

	
 

	
 

	
 

	
  

	
payment
  will be made to the successor beneficiaries, if any are designated and
  survive you; otherwise payment will be made to the executors or
  administrators of your estate.
 

	
  

	
          If
  benefits become payable to an inter-vivos
  trustee (the person appointed to execute a trust created during an individual’s
  lifetime), but the trust is not in effect or there is no qualified trustee,
  payment will be made to the successor beneficiaries, if any are designated
  and survive you; otherwise payment will be made to the executors or
  administrators of your estate.
  

	
  

	
          Payment
  to any trustee, successor beneficiary, executor, or administrator, as
  provided for above, shall fully satisfy TIAA’s payment obligations under your
  certificate to the extent of such payment. 

	
  

	
 

	
84. 

	
Service of process upon TIAA. We will accept
  service of process in any action or suit against us on your certificate in
  any court of competent jurisdiction in the United States or Puerto Rico
  provided such process is properly made. We will also accept such process sent
  to us by registered mail if the plaintiff is a resident of the jurisdiction
  in which the action or suit is brought. This section does not waive any of
  our rights, including the right to remove such action or suit to another court.
  

	
  

	
 

	
85. 

	
Benefits based on incorrect data. If the
  amount of benefits is determined by data as to a person’s age or sex that is
  incorrect, the benefits payable will be such as the premium paid would have
  purchased based on correct data. Any amounts underpaid by TIAA on the basis
  

	
 

	
 

	

	
END-G1000.6-ACC

	
Page E25

  TIAA GRA

Endorsement to
Your TIAA Group Retirement Annuity Certificate

	
 

	
 

	
 

	
 

	
  

	
of the incorrect data will be paid at the time the correction is made. Any
  amounts overpaid by TIAA on the basis of the
  incorrect data will be charged against the payments due after the correction
  is made. Any amounts so paid or charged will include compound interest at the
  effective annual rate of 6%.

	
  

	
 

	
 

	
 

	
86. 

	
Proof of survival. TIAA reserves the right
  to require satisfactory proof that anyone named to receive benefits under the
  terms of your certificate is alive on the date any benefit payment is due. If
  this proof is not received after it has been requested in writing, TIAA will
  have the right to make reduced payments or to withhold payments entirely
  until such proof is received. If under a two-life annuity TIAA has overpaid
  benefits because of a death of which we were not notified, subsequent
  payments will be reduced or withheld until the amount of the overpayment,
  plus compound interest at the effective annual rate of 6% per year, has been
  recovered. 

	
  

	
 

	
87. 

	
Compliance with laws and regulations. TIAA
  will administer your certificate to comply with the restrictions of all laws
  and regulations pertaining to the terms and conditions of your certificate.
  You cannot elect any benefit or exercise any right under your certificate if
  the election of that benefit or exercise of that right is prohibited under an
  applicable state or federal law or regulation.
 

	
  

	
          The
  choice of income option, annuity starting date, beneficiary or second
  annuitant, method of payment of the death benefit, the availability of
  internal transfers and lump-sum benefits, and the rights of spouses to
  benefits, as set forth in your certificate are all subject to the applicable
  restrictions, distribution requirements, and incidental benefit requirements
  of ERISA and the IRC, and any rulings and regulations issued under ERISA and
  the IRC. 

	
  

	
 

	
88. 

	
Overpayment of premiums. Any payments of
  premiums made in error by the employer in excess of those required by the
  employer’s plan will be refunded to the employer if requested in writing by
  the employer prior to the annuity starting date subject, however, to prior
  transfers or lump-sum benefits made from such funds. TIAA is entitled to rely
  on information provided by the employer. The employer shall indemnify TIAA
  and hold TIAA harmless for any action taken in reliance on such request. 

	
  

	
 

	
89. 

	
Correspondence and requests for benefits. No
  notice, application, form, or request for benefits will be deemed to be
  received by us unless it is received at our home office in New York, NY, or
  at another location that we designate.
  All benefits are payable at our home office, or at another location
  that we designate. If you have any questions about the contract, your
  certificate, or inquiries about our service, or if you need help to resolve a
  problem, you can contact us at the address or phone number below.
 

	
  

	
TIAA

  730 Third Avenue

  New York, NY 10017-3206

  Telephone: 800 842-2733

	
  

	
 

	
90. 

	
Change of rate schedule. We may, at any time
  and from time to time, substitute a new rate schedule for the one currently
  effective in your certificate. A new rate schedule will apply only to
  benefits arising from any premiums, additional amounts, and internal
  transfers applied to the Traditional Annuity while such rate schedule is in
  effect. Any change in the rate schedule will not affect the amount of
  benefits purchased prior to the change by any premiums, additional amounts,
  and internal transfers applied to the Traditional Annuity. A change in the
  rate schedule will be made only after we have given you and the 

	
 

	
 

	

	
END-G1000.6-ACC

	
Page E26

  TIAA GRA

Endorsement to
Your TIAA Group Retirement Annuity Certificate

	
 

	
 

	
 

	
 

	
 

	
  

	
contractholder
  three months’ written notice of the change. Any new rate schedule will
  specify:

	
  

	
 

	
 

	
 

	
  

	
 

	
A)

	
the charges
  for expenses and contingencies;
 

	
  

	
 

	
B)

	
the interest
  rates and the mortality bases used for determining benefits arising from
  amounts applied to the Traditional Annuity; and
 

	
  

	
 

	
C)

	
any
  applicable surrender charges on lump-sum benefits arising from amounts
  applied to the Traditional Annuity.

	
  

	
 

	
 

	
 

	
The following sections are new and apply to the rate schedule(s)
under your certificate: 

	
  

	
91. 

	
Rate schedule guarantees.  The guarantees provided in your
  certificate’s rate schedule(s) are provided only for amounts applied to the
  Traditional Annuity and only for as long as such amounts remain in the
  Traditional Annuity. 

	
  

	
 

	
92. 

	
Rates applicable to the Access Account accumulations transferred to
  immediately begin income from the Traditional Annuity.
  The following applies to the Access Account accumulations attributable to any
  premiums and internal transfers applied to the Access Account while the
  current rate schedule is in effect and for as long as such amounts remain in
  the Access Account accumulation:
 

	
  

	
          If
  you transfer accumulations from the Access Account to the Traditional Annuity
  to purchase a one-life or two-life annuity, with benefits beginning
  immediately, the resulting guaranteed benefit from the Traditional Annuity
  will be determined on whichever of these bases produces the largest
  guaranteed payments:
  

	
  

	
 

	
(1)

	
(a)

	
interest at
  the effective annual rate of 1.5%; and
 

	
  

	
 

	
 

	
(b)

	
mortality according
  to the Annuity 2000 mortality table (TIAA Merged Gender Mod A), with ages set
  back one year for each completed year between January 1, 2004 and the
  effective date of the internal transfer;
 

	
  

	
 

	
(2)

	
the basis
  otherwise applicable to internal transfers to the Traditional Annuity under
  the rate schedule in effect on the effective date of the transfer; or
 

	
  

	
 

	
(3)

	
the basis in
  use for any single premium immediate annuities then being offered by TIAA for
  contracts of the same class as the contract under which your certificate is
  issued. 

	
 

	
 

	

	
END-G1000.6-ACC

	
Page E27

  TIAA GRA[Exhibit 4(d)]

Teachers Insurance and Annuity Association of America

730 Third Avenue, New York, N.Y. 10017-3206

Telephone: 800-842-2733

Effective
Date: [This endorsement is effective on the date the TIAA Access Account (the
Access Account) is made available for your certificate under the terms of your
employer plan. ] [July 1, 2006] [Attached at Issue]

Endorsement to Your Group Supplemental Retirement
Annuity Certificate

This is an
endorsement to the Group Supplemental Retirement Annuity Certificate issued to
you, the annuitant. The purpose of this endorsement is to introduce the
availability of the TIAA Access Account. In addition to the options previously
provided under your certificate, TIAA now offers you the option of accumulating
funds in the Access Account as of the effective date of this endorsement.
Except as otherwise noted within, this endorsement replaces all of the
provisions of your certificate in order to explain the nature of the Access
Account and the impact of its availability on the provisions of your
certificate.

GENERAL DESCRIPTION

All premiums
for your certificate must be remitted under the terms of your employer plan.
You may allocate your TIAA premiums between the Traditional Annuity and the
Investment Accounts.

Traditional Annuity.
 Each premium allocated to the Traditional Annuity buys a guaranteed minimum
amount of lifetime income for you, based on the rate schedule in effect for
your certificate at the time the premium is paid. Your Traditional Annuity
accumulation will be credited with a guaranteed interest rate, and may also be
credited with additional amounts declared by TIAA. 

Investment Accounts.
 Each premium allocated to any of the Investment Accounts buys a number of
accumulation units. Accumulations in the
Investment Accounts are not guaranteed, and may increase or decrease depending
on investment results. 

The separate
account charges that apply to each Investment Account will reduce the net
annual investment return. For all Investment Accounts other than the Real Estate
Account, the separate account charge is guaranteed not to exceed 2.0% per year
of average net assets. The Real Estate Account separate account charge is
guaranteed not to exceed 2.5% per year of average net assets.

Subject to the
terms of your employer plan, you may withdraw all or part of your available
accumulation before beginning to receive annuity income. You may transfer
between your available Traditional Annuity accumulation and any of the
Investment Account accumulations, or from any of those accumulations to your
companion CREF certificate. Withdrawals and transfers from the Traditional
Annuity are subject to the withdrawal charges, if any, specified in your
certificate’s rate schedule. TIAA can establish new rate schedules in the
future, but any such changes would not affect benefits purchased before the
change.

When you are
ready to start receiving your income, you may, in accordance with the terms of
your employer plan, choose an option from among those described in your
certificate. If you die before you start receiving your income, your
accumulation less any outstanding loan balance will provide a death benefit for
your beneficiary.

If your
employer plan provides for loans, you may be permitted to borrow from your
available Traditional Annuity accumulation, subject to restrictions which may
be imposed by your employer and/or TIAA. Loans
will not be available from your any of your Investment Account accumulations.

Your certificate cannot be assigned. 

	
 

	
 

	
 

	

	
 

	
Chairman, President and

    Chief Executive Officer

	
 

	
 

	
INDEX ON NEXT PAGE

	

	
END-G1250.1-ACC

	
Page E1

  TIAA GSRA

	
 

	
Endorsement to Your TIAA Group Supplemental Retirement Annuity
  Certificate

	

INDEX OF PROVISIONS

	
 

	
 

	
 

	
 

	
 

	
Section

	
 

	
Accumulation

	
 

	
 

	
 - Available Traditional
  Annuity

	
 

	
3

	
 - Definition

	
 

	
1

	
 - Investment Account

	
 

	
42

	
 - Traditional Annuity

	
 

	
37

	
Accumulation Units

	
 

	
 

	
 - Definition

	
 

	
41

	
 - Number of

	
 

	
47

	
Additional Amounts

	
 

	
38

	
Annuity Starting Date

	
 

	
 

	
 - Definition

	
 

	
2

	
 - Required Beginning

	
 

	
23

	
Assignment - Void and of
  no effect

	
 

	
85

	
Benefits

	
 

	
 

	
 - Based on Incorrect Data

	
 

	
92

	
 - Requests for

	
 

	
95

	
Business Day 

	
 

	
5

	
Claims of Creditors

	
 

	
 

	
 - Protection Against

	
 

	
86

	
Commuted Value

	
 

	
6

	
Companion CREF Certificate

	
 

	
33

	
Contestability

	
 

	
32

	
Contract

	
 

	
 

	
 - Consists of

	
 

	
31

	
Correspondence with us

	
 

	
95

	
Death Benefit

	
 

	
 

	
 - Amount of Payments

	
 

	
55

	
 - Beneficiary

	
 

	
4

	
 - Definition

	
 

	
7

	
 - Methods of Payment

	
 

	
54

	
 - Naming Your Beneficiary

	
 

	
53

	
 - Payment of

	
 

	
52

	
 - Payments after Death of
  Beneficiary

	
 

	
56

	
Elections and Changes -
  Procedure for

	
 

	
88

	
Employer

	
 

	
8

	
Employer Plan

	
 

	
9

	
Employment - Severance
  from

	
 

	
26

	
ERISA

	
 

	
10

	
Funding Vehicle

	
 

	
11

	
General Account

	
 

	
12

	
Gross Investment Factor

	
 

	
45

	
Income Benefit

	
 

	
 

	
 - Amount of Payments

	
 

	
51

	
 - Definition

	
 

	
13

	
 - Options

	
 

	
49

	
 - Payments during a
  Guaranteed Period

	
 

	
50

	
 - Starting Payments

	
 

	
48

	
Internal Transfers

	
 

	
 

	
 - Amount

	
 

	
58

	
 - Availability

	
 

	
57

	
 - Crediting

	
 

	
61

	
 - Definition

	
 

	
14

	
 - Effective Date

	
 

	
59

	
 - Restrictions

	
 

	
62

	
 - Systematic

	
 

	
60

	
Investment Account

	
 

	
15

	
 - Insulation of

	
 

	
80

	
 - Modification of

	
 

	
81

	
 

	
 

	
 

	
Section

	
 

	
Investment Company Act of
  1940

	
 

	
84

	
IRC

	
 

	
16

	
Lapse or Forfeiture -
  Protection against

	
 

	
36

	
Laws and Regulations –
  Compliance with

	
 

	
94

	
Loans

	
 

	
 

	
 -Amount of

	
 

	
70

	
 -Availability

	
 

	
69

	
 -Definition

	
 

	
17

	
 -Loan Collateral

	
 

	
18

	
 -Loan Default

	
 

	
75

	
 -Loan Interest Rate

	
 

	
71

	
 -Reference Interest Rate

	
 

	
72

	
 -Outstanding Loan Balance

	
 

	
19

	
 -Repayments

	
 

	
74

	
 -Term

	
 

	
73

	
Lump-sum Benefit

	
 

	
 

	
 - Amount

	
 

	
66

	
 - Availability of

	
 

	
63

	
 - Definition

	
 

	
20

	
 - Effective Date

	
 

	
64

	
 - Payment of

	
 

	
65

	
 - Systematic Withdrawals

	
 

	
67

	
 - Systematic Withdrawals to
  pay fees

	
 

	
68

	
Net Investment Factor

	
 

	
 

	
 - For Other Investment
  Accounts

	
 

	
44

	
 - For the Real Estate Account

	
 

	
43

	
Non-Forfeiture of Benefits

	
 

	
87

	
Payee

	
 

	
21

	
Payment to an Estate,
  Trustee, etc

	
 

	
90

	
Premiums

	
 

	
 

	
 - Allocation of

	
 

	
35

	
 - Payment of

	
 

	
34

	
Prior Provisions -
  Applicability

	
 

	
82

	
Proof of Survival

	
 

	
93

	
Rate Schedule

	
 

	
 

	
 - Applicable to the Access Account

	
 

	
98

	
 - Change of

	
 

	
96

	
 - Definition

	
 

	
22

	
 - Guarantees

	
 

	
97

	
Real Estate Account

	
 

	
 

	
 - Definition

	
 

	
39

	
Report of Accumulation

	
 

	
83

	
Restrictions on
  Distributions

	
 

	
 

	
 - IRC Section 401(k)

	
 

	
78

	
 - IRC Section 403(b)

	
 

	
79

	
Second Annuitant

	
 

	
24

	
Separate Account

	
 

	
 

	
 - Charge

	
 

	
46

	
 - Definition

	
 

	
25

	
Service of Process upon
  TIAA

	
 

	
91

	
Spouse’s Rights

	
 

	
 

	
 - Definition

	
 

	
27

	
 - Rights to Benefits

	
 

	
76

	
 - Waiver of Rights

	
 

	
77

	
Surrender Charge

	
 

	
28

	
Tax-Free Rollover – Right
  to

	
 

	
89

	
TIAA Access Account

	
 

	
40

	
Traditional Annuity

	
 

	
29

	
Valuation Day and
  Valuation Period

	
 

	
30

	
 

	
 

	

	
END-G1250.1-ACC

	
Page E2

  TIAA GSRA

Endorsement to Your TIAA Group Supplemental
Retirement Annuity Certificate

Account
Specifications Page

The following
Investment Accounts are available as of the effective date of this endorsement.
Your employer plan may restrict your right to invest in some or all of the
accounts: 

TIAA Real
Estate Account:

TIAA Access
Account Subaccounts:

Account 1:

Account 2:

Account 3:

.

.

.

.

.

TIAA Access
Account Pricing Category: [Level x]

	
 

	
 

	

	
 

	
Page
  E3

	
END-G1250.1-ACC

	
TIAA
  GSRA

Endorsement to Your TIAA Group Supplemental
Retirement Annuity Certificate

This page has been left blank intentionally.

	
 

	
 

	

	
 

	
Page
  E4

	
END-G1250.1-ACC

	
TIAA
  GSRA

Endorsement to Your TIAA Group Supplemental
Retirement Annuity Certificate

PART A: TERMS USED IN YOUR CERTIFICATE

	
 

	
 

	
1.

	
Your accumulation is equal to the sum of your
  Traditional Annuity accumulation (described in Part C) and your Investment
  Account accumulations (described in Part D). Your accumulation will provide
  the benefits described in your certificate.

	
 

	
 

	
2.

	
Your annuity starting date is the date as of
  which you begin to receive income benefits from your accumulation under your
  certificate.

	
 

	
 

	
3.

	
Your available Traditional Annuity accumulation
  is your Traditional Annuity accumulation less the loan collateral for any
  outstanding loans under your certificate.

	
 

	
 

	
4.

	
Beneficiaries are persons you name, in a
  form satisfactory to TIAA as explained in section 53, to receive the
  death benefit if you die before your annuity starting date.

	
 

	
 

	
5.

	
A business day is any day that the New York
  Stock Exchange is open for trading. A business day ends at 4:00 P.M. Eastern
  time, or when trading closes on the New York Stock Exchange, if earlier.

	
 

	
 

	
6.

	
The commuted (discounted) value is a one-sum amount paid in lieu of
  a series of payments that are not contingent upon the survival of an
  annuitant. It is less than the total of those payments, because future
  interest, included when computing the series of payments, will not be earned
  if payment is to be made in one sum. The commuted value of future payments is
  therefore the sum of those payments less the interest from the date of
  commutation to the date each payment would have been made. The same interest
  rate or rates used in computing the benefit payments will be used to
  determine the commuted value.

	
 

	
 

	
7.

	
The death benefit is the current value of
  your accumulation less any outstanding loan balance under your certificate.
  It will be paid to your beneficiary under one of the methods set forth in
  Part F if you die before your annuity starting date.

	
 

	
 

	
8.

	
Your employer is the organization named as
  contractholder on page 3 of your certificate, even if you separate from the
  service of such employer after the date of issue.

	
 

	
 

	
9.

	
An employer plan is a plan satisfying the
  requirements of IRC Section 401(a), 401(k), 403(a), 403(b), 415(m), 457, or
  any other section providing similar benefits for employees.

	
 

	
 

	
10.

	
ERISA is the Employee Retirement Income
  Security Act of 1974, as amended.

	
 

	
 

	
11.

	
A funding vehicle is an annuity contract,
  custodial account, or trust designated to receive contributions under an
  employer plan.

	
 

	
 

	
12.

	
The general account consists of all of TIAA’s
  assets other than those in the separate accounts.

	
 

	
 

	
13.

	
The income benefit is the periodic amount
  payable to you under one of the income options set forth in Part E.

	
 

	
 

	

	
 

	
Page
  E5

	
END-G1250.1-ACC

	
TIAA
  GSRA

Endorsement to Your TIAA Group Supplemental
Retirement Annuity Certificate

	
 

	
 

	
14.

	
An internal transfer is the movement of
  accumulations between your Traditional Annuity accumulation and your
  Investment Account accumulations, among Investment Account accumulations, or
  between your certificate and your companion CREF certificate. The provisions
  concerning internal transfers are set forth in Part G. 

	
 

	
 

	
15.

	
An Investment Account under your certificate
  refers to the Real Estate Account. It also refers to any subaccount of any
  other Separate Account available under your certificate, that holds shares of
  a fund or funds which are managed with a specified investment objective. The
  Investment Accounts available as of the effective date of this endorsement
  are listed on the account specifications page and are specific to the
  indicated pricing category.

	
 

	
 

	
16.

	
The IRC is the Internal Revenue Code of 1986,
  as amended. All references to any section of the IRC shall be deemed to refer
  not only to such section but also to any amendment thereof and any successor
  statutory provisions, and any regulations thereunder.

	
 

	
 

	
17.

	
Loans. You may be allowed to borrow from
  your available Traditional Annuity accumulation under the certificate. Loans,
  where allowed, must be repaid in substantially level payments (subject to
  changes in the loan interest rate) over a specified term. The provisions
  concerning loans are set forth in Part I.

	
 

	
 

	
18.

	
The loan collateral for a loan under your
  certificate is the portion of your Traditional Annuity accumulation equal to
  110% of the outstanding loan balance and must be maintained in the
  Traditional Annuity accumulation under your certificate at all times. The
  loan collateral will not be available to provide income, death, or lump-sum
  benefits, or other distributions while the loan remains unpaid.

	
 

	
 

	
19.

	
The outstanding loan balance for a loan under
  your certificate is the unpaid amount of the loan and accrued interest
  thereon.

	
 

	
 

	
20.

	
A lump-sum benefit is a withdrawal in a
  single sum of all or part of your available Traditional Annuity accumulation
  or all or part of any of your Investment Account accumulations. The
  provisions concerning lump-sum benefits are set forth in Part H.

	
 

	
 

	
21.

	
The payee is a person named to receive any
  periodic payments or amounts due under an income option or method of payment
  of the death benefit under the circumstances described in sections 50 and 56.

	
 

	
 

	
22.

	
The rate schedule sets forth the bases for
  computing the Traditional Annuity accumulation and any benefits and
  distributions arising from it. To the extent permitted by law, TIAA may
  change the rate schedule for amounts applied after the change, as explained
  in the Change of Rate Schedule section.

	
 

	
 

	
23.

	
Your required beginning date is the latest
  date on which you can begin to receive your accumulation in accordance with
  the rules of the IRC and the terms of your employer plan. Generally, it is
  the April 1 following the calendar year in which you attain 70 1⁄2 or, if
  later, the April 1 following the calendar year in which you retire.

	
 

	
 

	

	
 

	
Page
  E6

	
END-G1250.1-ACC

	
TIAA
  GSRA

Endorsement to Your TIAA Group Supplemental
Retirement Annuity Certificate

	
 

	
 

	
24.

	
The second annuitant is the person you name,
  if you choose to receive your income under a two-life annuity, to receive an
  income for life if he or she survives you. You may name any person eligible
  under TIAA’s practices then in effect to be a second annuitant, subject to
  the rights of your spouse, if any, as described in Part J.

	
 

	
 

	
25.

	
The Separate accounts are the accounts
  described in Part D.

	
 

	
 

	
26.

	
A severance from employment occurs when you
  cease to be employed by the employer that maintains the employer plan.  In accordance with the provisions of the
  IRC and applicable regulations, a severance from employment will be deemed to
  occur even if you continue to perform the same job for a different employer
  that does not maintain the employer plan after a merger, acquisition,
  consolidation or other business transaction.

	
 

	
 

	
27.

	
Spouse’s rights. If you are married, then
  your spouse may be entitled to benefits, as described in Part J.

	
 

	
 

	
28.

	
A surrender charge will be assessed against
  the portion of your Traditional Annuity accumulation withdrawn or transferred
  to provide any lump-sum benefit, internal transfer, rollover, and any portion
  of the loan collateral used to foreclose on all or part of any loan default
  or unpaid loan, as shown in the rate schedule.

	
 

	
 

	
29.

	
The Traditional Annuity refers to the
  guaranteed annuity benefits under your certificate.  Amounts credited to the Traditional Annuity under your
  certificate buy a guaranteed minimum amount of lifetime income for you, in
  accordance with the applicable rate schedule or rate schedules.

	
 

	
 

	
30.

	
A valuation day is any business day, as
  well as the last calendar day of each month. Valuation days end as of the
  close of all U.S. national exchanges where securities or other investments of
  the Investment Accounts are principally traded.  Valuation days that aren’t business days end at 4:00 p.m.
  Eastern Time.  A valuation period is the time from the end
  of a valuation day to the end of the next valuation day.

PART B: CONTRACT AND PREMIUMS

	
 

	
 

	
31.

	
The contract (including your certificate and
  any endorsements and amendments to it) constitutes the entire contract
  between TIAA and the contractholder, and the provisions therein alone will
  govern with respect to the rights and obligations of TIAA, the
  contractholder, and you. The payment of premiums is the consideration for the
  contract. We have issued your certificate in return for premiums paid on your
  behalf. 

	
 

	
 

	
 

	
          The
  contract may be amended by agreement of TIAA and the contractholder without
  the consent of any other person, provided that such change does not reduce
  any benefit purchased under the contract up to that time. Any endorsement or
  amendment of your certificate, waiver of any of its provisions, or change in
  rate schedule will be valid only if in writing and signed by an executive
  officer of TIAA.

	
 

	
 

	
32.

	
Contestability. The contract is
  incontestable.

	
 

	
 

	

	
 

	
Page
  E7

	
END-G1250.1-ACC

	
TIAA
  GSRA

Endorsement to Your TIAA Group Supplemental
Retirement Annuity Certificate

	
 

	
 

	
33.

	
Companion CREF certificate. The College
  Retirement Equities Fund (CREF) is a companion organization to TIAA.  A companion CREF Group Supplemental
  Retirement Unit-Annuity certificate was issued to you when you received your
  certificate or, if not, on the date that you first participated in CREF, if
  applicable.

	
 

	
 

	
34.

	
Premiums for your certificate must be
  remitted under the terms of your employer plan. Premiums may be stopped at
  any time without notice to TIAA and then resumed without payment of any past
  due premium or penalty of any kind.

	
 

	
 

	
 

	
          TIAA
  reserves the right to limit to $300,000 the total premiums paid on your
  certificate and any other TIAA annuity contract on your life in any
  twelve-month period. TIAA reserves the right to stop accepting premiums under
  the contract at any time. TIAA will not accept premiums paid on your behalf
  after your annuity starting date or prior death. Premiums will be credited to
  your certificate as of the end of the business day in which they are received
  by TIAA at the location that TIAA will designate by prior written notice, in
  good order and in accordance with procedures established by TIAA or as
  required by law.

	
 

	
 

	
 

	
          Elective
  deferral contributions made to your TIAA or CREF contracts or certificates
  may not exceed the annual limits on elective deferrals described in Section
  402(g) of the IRC, or as otherwise permitted by law. TIAA will refund the
  accumulated value of all excess premiums made to your certificate, as
  required by law.

	
 

	
 

	
35.

	
Allocation of premiums. You allocate
  premiums between the Traditional Annuity and the Investment Accounts. If you
  allocate premiums to the Traditional Annuity they increase your Traditional
  Annuity accumulation. If you allocate premiums to an Investment Account, they
  purchase accumulation units in that Investment Account. You may change your
  allocation for future premiums at any time. TIAA will allocate your premiums
  according to the most recent valid instructions we have received from you in
  a form acceptable to TIAA. Your employer plan may limit your right to
  allocate premiums to the Traditional Annuity and/or to any Investment
  Account(s). 

	
 

	
 

	
 

	
          TIAA
  may stop accepting premiums to any or all Investment Accounts at any time. 

	
 

	
 

	
36.

	
Unconditional protection against lapse or forfeiture.
  Your certificate will not lapse after the first premium has been paid. No
  additional premiums are required. 

PART C: TRADITIONAL ANNUITY ACCUMULATION

	
 

	
 

	
 

	
 

	
37.

	
Your Traditional Annuity accumulation is equal
  to: 

	
 

	
 

	
 

	
 

	
A)

	
all premiums
  allocated to the Traditional Annuity under your certificate; plus

	
 

	
 

	
 

	
 

	
 

	
 

	
B)

	
interest
  credited by TIAA at the guaranteed interest rate set forth in the rate
  schedule; plus

	
 

	
 

	
 

	
 

	
 

	
 

	
C)

	
any
  additional amounts credited to the Traditional Annuity under your certificate
  by TIAA; plus

	
 

	
 

	
 

	
 

	
 

	
 

	
D)

	
any internal
  transfers to the Traditional Annuity under your certificate; less

	
 

	
 

	
 

	
 

	
 

	
 

	
E)

	
the amount
  of any lump-sum benefits, rollovers, and internal transfers paid from the
  Traditional Annuity; less

	
 

	
 

	
 

	
 

	
 

	
 

	
F)

	
any charges
  for expenses and contingencies deducted by TIAA set forth in the rate
  schedule; less

	
 

	
 

	

	
 

	
Page
  E8

	
END-G1250.1-ACC

	
TIAA
  GSRA

Endorsement to Your TIAA Group Supplemental
Retirement Annuity Certificate

	
 

	
 

	
 

	
 

	
 

	
 

	
G)

	
amounts
  deducted to provide an annuity income option or a death benefit method of
  payment from the Traditional Annuity; less

	
 

	
 

	
 

	
 

	
 

	
 

	
H)

	
any
  surrender charge assessed; less

	
 

	
 

	
 

	
 

	
 

	
 

	
I)

	
upon
  foreclosure by TIAA, the amount of any loan default including any accrued
  interest thereon, or unpaid loan.

	
 

	
 

	
 

	
          When
  different rate schedules apply to different parts of the Traditional Annuity
  accumulation, any deductions from the Traditional Annuity accumulation will
  be allocated among the parts on a pro-rata basis in accordance with
  procedures established by TIAA. 

	
 

	
 

	
38.

	
Additional amounts. TIAA may credit
  additional amounts to your Traditional Annuity accumulation. TIAA does not
  guarantee that there will be additional amounts. TIAA will determine at least
  annually if additional amounts will be credited. 

	
 

	
 

	
 

	
          Any
  additional amounts credited to your Traditional Annuity accumulation will buy
  benefits for you based on the rate schedule in effect on the day the
  additional amounts are credited. Additional amounts may also be paid with any
  Traditional Annuity benefits payable to you or your beneficiary. 

	
 

	
 

	
 

	
          Any
  additional amounts credited to your Traditional Annuity accumulation will be
  credited under a schedule of additional amount rates declared by TIAA. For a
  Traditional Annuity accumulation in force as of the effective date of such a
  schedule, the additional amount rates will not be modified for a period of
  twelve months following the schedule’s effective date. For any premiums, any
  additional amounts, and any internal transfers applied to the Traditional
  Annuity during the twelve-month period described in the preceding sentence,
  TIAA may declare additional amounts at rates which remain in effect through
  the end of such twelve-month period. Thereafter, any additional amount rates
  declared for such premiums, additional amounts and internal transfers will
  remain in effect for periods of twelve months or more. The presence of an
  outstanding loan balance under the certificate may affect the additional
  amounts credited to you. 

PART D: SEPARATE ACCOUNTS

	
 

	
 

	
39.

	
The Real Estate Account is designated as “VA-2”
  and was established by TIAA in accordance with New York law to provide
  benefits under your certificate and other contracts. The assets and
  liabilities of separate account VA-2 are segregated from the assets and
  liabilities of the general account, and from the assets and liabilities of
  any other TIAA separate account. All premiums and internal transfers credited
  to the Real Estate Account become part of separate account VA-2. 

	
 

	
 

	
40.

	
The TIAA Access Account (The Access Account)
  is designated as “VA-3” and was established by TIAA in accordance with New
  York law to provide benefits under your certificate and other contracts. The
  assets and liabilities of separate account VA-3 are segregated from the
  assets and liabilities of the general account, and from the assets and
  liabilities of any other TIAA separate account. All premiums and internal
  transfers credited to the Access Account become part of separate account
  VA-3.

	
 

	
 

	
41.

	
Accumulation Unit.  Each Investment Account maintains a separate accumulation unit
  unique to the indicated pricing category. The value of each Investment
  Account’s accumulation unit is calculated at the end of each valuation
  day.  The value of an Investment
  Account’s accumulation unit is equal to the prior valuation day’s value
  multiplied by that account’s net investment factor.

	
 

	
 

	

	
 

	
Page
  E9

	
END-G1250.1-ACC

	
TIAA
  GSRA

Endorsement to Your TIAA Group Supplemental
Retirement Annuity Certificate

	
 

	
 

	
42.

	
An Investment Account Accumulation (the
  value of your share of an Investment Account) is equal to the number of your
  accumulation units in that Investment Account multiplied by the value of one
  accumulation unit in that Investment Account. Investment Account accumulations
  are variable and are not guaranteed. They may increase or decrease depending
  on the investment results of the funds underlying the Investment Accounts.

	
 

	
 

	
43.

	
The Real Estate Account’s Net Investment Factor
  for a valuation period is based on the amount of accrued real estate net
  operating income, dividends, interest and other income during the current
  period, a deduction of the separate account charge, both realized and
  unrealized capital gains and losses incurred, and other accounting
  adjustments during the current period. The precise formula for the net
  investment factor is A divided by B, as follows: 

	
 

	
 

	
 

	
 

	
 

	
 

	
A)

	
The value of
  the Real Estate Account’s net assets at the end of the current valuation
  period, less any premiums received during the current period. 

	
 

	
 

	
 

	
 

	
 

	
 

	
B)

	
The value of
  the Real Estate Account’s net assets at the end of the previous valuation
  period, plus the net effect of transactions (e.g. internal transfers, benefit
  payments) made at the start of the current valuation period. 

	
 

	
 

	
44.

	
The Net Investment Factor for any Investment
  Account other than the Real Estate Account equals that account’s gross
  investment factor minus the separate account charge incurred for that account
  since the previous valuation day.

	
 

	
 

	
45.

	
Each
  Investment Account other than the Real Estate Account has its own Gross
  Investment Factor. An Investment Account’s Gross
  Investment Factor equals A divided by B, as follows: 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
A

	
equals

	
i.

	
the value of
  the shares in the fund(s) held by the account, as reported to us by the
  fund(s), as of the end of the valuation day, excluding the net effect of
  contractholders’ transactions (i.e., premiums received, benefits paid, and
  transfers to and from the account) made during that day; plus 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
ii.

	
investment
  income and capital gains distributed to the account; less 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
iii.

	
any amount
  paid and/or reserved for tax liability resulting from the operation of the
  account since the previous valuation day. 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
B

	
equals the
  value of the shares in the fund(s) held by the account as of the end of the
  prior valuation day, including the net effect of contractholders’
  transactions made during the prior valuation day.

	
 

	
 

	
46.

	
Each
  Investment Account has its own separate
  account charge. The separate account charge for the Real Estate
  account is assessed for mortality and expense risk, liquidity risk and
  administrative and investment advisory services. The Real Estate Account
  separate account charge can be increased or decreased at the discretion of
  TIAA and is guaranteed not to exceed 2.50% per year of average net assets. 

	
 

	
 

	
 

	
          The
  separate account charge for any Investment Account other than the Real Estate
  Account is assessed for mortality and expense risk and administration. The
  separate account charge for any subaccount of TIAA VA-3 is specific to the
  VA-3 pricing category indicated on 

	
 

	
 

	

	
 

	
Page
  E10

	
END-G1250.1-ACC

	
TIAA
  GSRA

Endorsement to Your TIAA Group Supplemental
Retirement Annuity Certificate

	
 

	
 

	
 

	
the account
  specifications page. The separate account charge for any subaccount of TIAA
  VA-3 under your certificate can be increased or decreased at the discretion
  of TIAA and is guaranteed not to exceed 2.0% per year of that Investment
  Account’s average net assets.

	
 

	
 

	
47.

	
Number of Accumulation Units. The number of
  your accumulation units in an Investment Account under your certificate will
  be increased by:

	
 

	
 

	
 

	
 

	
 

	
 

	
A)

	
any premiums
  you allocate to that Investment Account; and

	
 

	
 

	
 

	
 

	
 

	
 

	
B)

	
any internal
  transfers you make to that Investment Account; 

	
 

	
 

	
 

	
 

	
 

	
and will be
  decreased by: 

	
 

	
 

	
 

	
 

	
 

	
 

	
C)

	
the
  application of any accumulations to provide any form of benefit; and

	
 

	
 

	
 

	
 

	
 

	
 

	
D)

	
any internal
  transfers from your accumulation in that Investment Account to the
  Traditional Annuity, another Investment Account, or your companion CREF
  certificate. 

	
 

	
 

	
 

	
 

	
 

	
          The
  increase or decrease in the number of your accumulation units on any
  valuation day is equal to the net dollar value of all transactions divided by
  the value of the Investment Account’s accumulation unit as of the end of the
  valuation day on which the transaction becomes effective.

PART E: YOUR INCOME BENEFIT

	
 

	
 

	
 

	
 

	
48.

	
Starting your income benefit. Your annuity
  starting date may not be earlier than the earliest date allowed under your
  employer plan, nor later than your required beginning date. Payment of your
  income benefit will begin as of the annuity starting date you have chosen, if
  you are then living and: 

	
 

	
 

	
 

	
 

	
 

	
 

	
A)

	
you have
  chosen one of the income options set forth in section 49; 

	
 

	
 

	
 

	
 

	
 

	
 

	
B)

	
if you
  choose a one-life annuity, we have received proof of your age; 

	
 

	
 

	
 

	
 

	
 

	
 

	
C)

	
if you
  choose a two-life annuity, we have received proof of your age and the age of
  your second annuitant; 

	
 

	
 

	
 

	
 

	
 

	
 

	
D)

	
if you
  choose the minimum distribution annuity, we have received proof of your age
  and the age of the calculation beneficiary you name, if any; and

	
 

	
 

	
 

	
 

	
 

	
 

	
E)

	
if your
  accumulation is subject to the spousal rights described in Part J, we have
  received any required waiver of spouse’s rights or proof that you are not
  married. 

	
 

	
 

	
 

	
 

	
 

	
          If
  the requirements of this section have not been completed by the annuity
  starting date you have chosen, the annuity starting date will be deferred to
  a date after these requirements have been completed, or if earlier, to your
  required beginning date. You may not begin a one-life annuity after you
  attain age 90, nor may you begin a two-life annuity after you or your second
  annuitant attain age 90. If your accumulation is less than $5,000 on your
  annuity starting date, TIAA may choose instead to pay your accumulation to
  you in a single sum. 

	
 

	
 

	
 

	
 

	
 

	
          At
  any time before you start to receive your income benefit, you may change your
  annuity starting date to a date after the change, by written notice to TIAA
  as explained in section 88. 

	
 

	
 

	

	
 

	
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TIAA
  GSRA

Endorsement to Your TIAA Group Supplemental
Retirement Annuity Certificate

	
 

	
 

	
 

	
 

	
49.

	
Income options are the ways in which you may
  have your income benefit paid to you. These income options are available from
  your Traditional Annuity accumulation only. You can transfer some or all of
  any of your Investment Account accumulations to your Traditional Annuity
  accumulation to receive benefits under an income option available from the
  Traditional Annuity. Also, you may transfer some or all of your accumulation
  to your companion CREF certificate, as described in section 57, to receive
  benefits under an income option available under that certificate. 

	
 

	
 

	
 

	
 

	
 

	
          You
  may choose the option you want any time before your annuity starting date.
  You may change your choice any time before payments begin, but once they have
  begun, the election to begin receiving benefits is irrevocable and no change
  can be made. Any choice of option or change of such choice must be made by
  written notice to TIAA as explained in section 88.

	
 

	
 

	
 

	
 

	
 

	
          Your
  right to elect an option or change such election may be limited in accordance
  with section 94 and Part K. If your accumulation is subject to
  spousal rights, your choice of an income option is subject to the rights of
  your spouse, if any, to benefits as explained in Part J. The availability of
  certain income options may be restricted by the IRC and by the terms of your
  employer plan. 

	
 

	
 

	
 

	
 

	
 

	
          If
  you separate from service with your employer, we may distribute your
  accumulation to you, in accordance with the terms of your employer plan. If
  the plan administrator for your employer plan or his or her designee notifies
  us that distribution from your certificate must begin under the minimum
  distribution rules of federal tax law, we will begin income benefits under
  the income option selected by your plan administrator provided that the
  income option is one of the options described below.

	
 

	
 

	
 

	
 

	
 

	
          The
  following are the income options from which you may choose. All of them
  provide an income for you, some provide that payments will continue for the
  lifetime of a second annuitant and some provide that payments will continue
  in any event during a guaranteed or fixed period as explained in section 50.
  The periodic amount paid to you or a surviving second annuitant depends on
  which of these options you choose.

	
 

	
 

	
 

	
 

	
 

	
 

	
One-life annuity. A payment will be made to
  you each month for as long as you live. You may include a guaranteed period
  of 10, 15 or 20 years. If you do not include a guaranteed period, all
  payments will cease at your death. If you include a guaranteed period and you
  die before the end of that period, monthly payments will continue until the
  end of that period and then cease.

	
 

	
 

	
 

	
 

	
 

	
 

	
Two-life annuity. A payment will be made to
  you each month for as long as you live. After your death, a payment will be
  made each month to the second annuitant you have named, for as long as he or
  she survives you. You cannot change your choice of second annuitant after
  your payments begin. You may include a guaranteed period of 10, 15 or 20
  years. If you do not include a guaranteed period, all payments will cease
  when you and your second annuitant have both died. You may choose from among
  the following forms of two-life annuity. 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Full benefit to survivor. At the death of
  either you or your second annuitant, the full amount of the monthly payments
  that would have been paid if you both had lived will continue to be paid to
  the survivor. If you include a guaranteed period and you and your second
  annuitant both die before the end of the period chosen, the full amount of
  the monthly payments that would have been paid if you both had lived will
  continue to be paid until the end of that period and then cease.

	
 

	
 

	

	
 

	
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TIAA
  GSRA

Endorsement to Your TIAA Group Supplemental
Retirement Annuity Certificate

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Two-thirds benefit to survivor. At the death
  of either you or your second annuitant, two-thirds of the monthly payments
  that would have been paid if you both had lived will continue to be paid to
  the survivor. If you include a guaranteed period and you and your second
  annuitant both die before the end of the period chosen, two-thirds of the monthly
  payments that would have been paid if you both had lived will continue to be
  paid until the end of that period and then cease. 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Half benefit to second annuitant. The full
  monthly income will continue to be paid as long as you live. After your
  death, if your second annuitant survives you, one-half of the monthly
  payments that would have been paid if you had lived will continue to be paid
  to your second annuitant. If you include a guaranteed period and you and your
  second annuitant both die before the end of the period chosen, one-half of
  the monthly payments that would have been paid if you had lived will continue
  to be paid until the end of that period and then cease. 

	
 

	
 

	
 

	
 

	
 

	
 

	
Fixed-period annuity. A payment of principal
  and interest will be made to you each month for a fixed period you choose
  that is not less than 5 nor more than 30 years. At the end of the period
  chosen all the principal and interest credited will have been paid out. If
  you die before the end of the period chosen, the monthly payments will
  continue until the end of that period and then cease.

	
 

	
 

	
 

	
 

	
 

	
 

	
Minimum distribution annuity. This income
  option enables you to limit your distribution to the minimum distribution
  requirements of federal tax law. Payments will be made to you from your
  accumulation until your accumulation is entirely paid out, or until your
  prior death. This option may not provide income that lasts for your entire
  lifetime. 

	
 

	
 

	
 

	
 

	
 

	
 

	
          If,
  under this income option, you die before your entire accumulation has been
  paid out, a death benefit equal to your remaining accumulation will be paid
  to the person or persons you name when electing this option. 

	
 

	
 

	
 

	
 

	
 

	
 

	
          This
  income option is only available on or after your required beginning date. The
  value of the accumulation placed under this option must be at least $10,000.

	
 

	
 

	
 

	
 

	
 

	
          Automatic election provision. If on your
  required beginning date, you have not met the requirements for starting your
  income benefit described in section 48, you will be deemed to have chosen the
  form of benefit distribution, if any, specified by the terms of your employer
  plan, if such form of benefit is available under your certificate. Otherwise,
  you will be deemed to have chosen a one-life annuity if you are then single,
  or the “half benefit to second annuitant” form of the two-life annuity if you
  are then married, each with a 10-year guaranteed period, if allowed under
  federal tax law.

	
 

	
 

	
 

	
 

	
50.

	
Post-mortem payments during a guaranteed or
  fixed period. Any periodic payments or other amounts remaining due after your
  death and the death of your second annuitant, if any, during a guaranteed or
  fixed period will be paid to the payee named to receive them. You name the
  payee at the time you choose the income option, as described in section 88.
  You may later change the named payee. If you choose a two-life annuity, your
  surviving second annuitant may change the named payees after your death,
  unless you direct otherwise. 

	
 

	
 

	
 

	
 

	
 

	
          A
  payee may choose to receive in one sum the commuted value of any remaining
  periodic payments that do not involve life contingencies, unless you direct
  otherwise. If no payee was named to receive these payments, or if no one so
  named is then living, we will pay the remaining 

	
 

	
 

	

	
 

	
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TIAA
  GSRA

Endorsement to Your TIAA Group Supplemental
Retirement Annuity Certificate

	
 

	
 

	
 

	
 

	
 

	
payments due
  or the commuted value of the remaining periodic payments in one sum to your
  estate, or to the estate of the last survivor of you and your second
  annuitant if you chose a two-life annuity.

	
 

	
 

	
 

	
 

	
 

	
          If
  a payee receiving payments during a guaranteed or fixed period option dies
  while payments remain due, the commuted value of any remaining payments due
  to that person will be paid to any other surviving payee that you (or your
  second annuitant) had named to receive them. If no payee so named is then
  living, the commuted value will be paid to the estate of the last payee who
  was receiving these benefit payments. 

	
 

	
 

	
 

	
 

	
51.

	
The amount of your periodic income benefit as
  of the annuity starting date will be determined by: 

	
 

	
 

	
 

	
 

	
 

	
 

	
A)

	
the amount
  of your available Traditional Annuity accumulation; 

	
 

	
 

	
 

	
 

	
 

	
 

	
B)

	
the rate
  schedule or schedules under which any premiums, additional amounts and
  internal transfers were applied to your Traditional Annuity accumulation; 

	
 

	
 

	
 

	
 

	
 

	
 

	
C)

	
the income
  option you choose; 

	
 

	
 

	
 

	
 

	
 

	
 

	
D)

	
if you
  choose a one-life annuity, your age; 

	
 

	
 

	
 

	
 

	
 

	
 

	
E)

	
if you
  choose a two-life annuity, your age and your second annuitant’s age; and 

	
 

	
 

	
 

	
 

	
 

	
 

	
F)

	
if you
  choose the minimum distribution annuity, your age and the age of the
  calculation beneficiary you name under the minimum distribution annuity, if
  applicable.

	
 

	
 

	
 

	
 

	
 

	
          If
  your income benefit would be less than $100 a month, TIAA will have the right
  to change to quarterly, semi-annual or annual payments, whichever will result
  in payments of $100 or more and the shortest interval between payments.

PART F: DEATH BENEFIT

	
 

	
 

	
 

	
 

	
52.

	
Payment of the death benefit. If you die
  before your annuity starting date, the death benefit will be payable to your
  beneficiary. We must receive the following in a form acceptable to TIAA
  before any death benefit will be paid: 

	
 

	
 

	
 

	
 

	
 

	
 

	
A)

	
proof of
  your death;

	
 

	
 

	
 

	
 

	
 

	
 

	
B)

	
the choice
  of a method of payment as provided in section 54; and

	
 

	
 

	
 

	
 

	
 

	
 

	
C)

	
proof of the
  beneficiary’s age if the method of payment chosen is the one-life annuity or
  the minimum distribution annuity.

	
 

	
 

	
 

	
 

	
 

	
          Payment
  under the single-sum payment method will be made as of the date we receive
  these items; payment under any other method of payment will start no later
  than the first day of the month after we have received these items.

	
 

	
 

	
 

	
 

	
 

	
          Upon
  receipt of proof of your death, we will divide your accumulation into as many
  portions as there are validly designated beneficiaries for your
  certificate.  If different rate
  schedules apply to different parts of your Traditional Annuity accumulation,
  the resulting portions will be allocated among the parts on a pro-rata basis
  in accordance with procedures established by TIAA.  Each validly designated beneficiary will then have the right to
  make elections available under your certificate in connection with his or her
  portion of the accumulation.

	
 

	
 

	

	
 

	
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TIAA
  GSRA

Endorsement to Your TIAA Group Supplemental
Retirement Annuity Certificate

	
 

	
 

	
 

	
 

	
53.

	
Naming your beneficiary. Beneficiaries are
  persons you name to receive the death benefit if you die before your annuity
  starting date. At any time before your annuity starting date, you may name,
  change, add or delete your beneficiaries by written notice to TIAA, as
  explained in section 88. If your accumulation is subject to spousal rights,
  then your right to name a beneficiary for the death benefit is subject to the
  rights of your spouse, if any, as described in Part J. 

	
 

	
 

	
 

	
 

	
 

	
          You
  can name two classes of beneficiaries, primary and contingent, which set the
  order of payment. At your death, your beneficiaries are the surviving primary
  beneficiary or beneficiaries you named. If no primary beneficiary survives
  you, your beneficiaries are the surviving contingent beneficiary or
  beneficiaries you named. The share of any named beneficiary in a class who
  does not survive will be allocated in equal shares to the beneficiaries in
  such class who do survive, even if you’ve provided for these beneficiaries to
  receive unequal shares. 

	
 

	
 

	
 

	
 

	
 

	
          The
  death benefit will be paid to your estate in one sum if you name your estate
  as beneficiary; or none of the beneficiaries you have named is alive at the
  time of your death; or at your death you had never named a beneficiary. If
  distributions to a named beneficiary are barred by operation of law, the
  death benefit will be paid to your estate. 

	
 

	
 

	
 

	
 

	
 

	
          If
  at your death any distribution of the death benefit would be in conflict with
  any rights of your spouse under law that were not previously waived, or with
  the terms of your employer plan, TIAA will pay the death benefit in
  accordance with your spouse’s rights.

	
 

	
 

	
 

	
 

	
54.

	
Methods of payment are the ways in which
  your beneficiary may receive the death benefit. The single-sum payment method
  is available from your Traditional Annuity and Investment Account
  accumulations. The other methods are available from the Traditional Annuity
  only. Your beneficiary can, however, transfer some or all of any of your
  Investment Account accumulations to the Traditional Annuity in order to
  receive that portion of the death benefit under a method of payment available
  from the Traditional Annuity. Your beneficiary can also transfer some or all
  of your accumulation to CREF in order to receive that portion of the death
  benefit under a method of payment offered by CREF. Such transfer can be for
  all of your accumulation, or for any part thereof not less than $1,000. 

	
 

	
 

	
 

	
 

	
 

	
          You
  may choose the method of payment and change your choice at any time before
  payments begin. After your death, your beneficiary may change the method
  chosen by you, if you so provide. If you do not choose a method of payment,
  your beneficiary will make the choice when he or she becomes entitled to
  payments. The right to elect a method or change such election may be limited
  in accordance with section 94. 

	
 

	
 

	
 

	
 

	
 

	
          A
  beneficiary may not begin to receive the death benefit under the one-life
  annuity method after he or she attains age 90. If you die before your annuity
  starting date and have chosen the one-life annuity method for a beneficiary
  who has attained age 90, he or she must choose another method. Any choice of
  method or change of such choice must be made by written notice to TIAA, as
  explained in section 88. 

	
 

	
 

	
 

	
 

	
 

	
          Generally,
  the distribution of the death benefit under any method of payment must be
  made over the lifetime of your beneficiary or over a period not to exceed
  your beneficiary’s life expectancy, in accordance with applicable tax law. 

	
 

	
 

	
 

	
 

	
 

	
          The
  distribution of the death benefit under a method of payment must be made in
  such a form and begin at such date as meets the requirements of the IRC and
  the regulations thereunder. If such method of payment has not been chosen to
  begin by that date, we will elect a method of payment in accordance with the
  requirements of the IRC and any regulations thereunder. The following are the
  methods of payment: 

	
 

	
 

	
 

	
 

	
 

	
 

	
Single-sum payment. The death benefit will
  be paid to your beneficiary in one sum.

	
 

	
 

	

	
 

	
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TIAA
  GSRA

Endorsement to Your TIAA Group Supplemental
Retirement Annuity Certificate

	
 

	
 

	
 

	
 

	
 

	
 

	
One-life annuity. A payment will be made to
  your beneficiary each month for life. A guaranteed period of 10, 15 or 20
  years may be included. If a guaranteed period isn’t included, all payments
  will cease at the death of your beneficiary. If a guaranteed period is
  included and your beneficiary dies before the end of that period, monthly
  payments will continue until the end of that period and then cease, as
  explained in section 56. 

	
 

	
 

	
 

	
 

	
 

	
 

	
Fixed-period annuity. A payment will be made
  to your beneficiary each month for a fixed period of not less than 2 nor more
  than 30 years, as chosen. At the end of the period chosen, the entire death benefit
  will have been paid out. If your beneficiary dies before the end of the
  period chosen, the monthly payments will continue until the end of that
  period and then cease, as explained in section 56.

	
 

	
 

	
 

	
 

	
 

	
 

	
Minimum distribution annuity. This method
  enables your beneficiary to limit his or her distribution to the minimum
  distribution requirements of federal tax law. Payments are made from your
  accumulation in each year that a distribution is required, until your
  accumulation is entirely paid out or until your beneficiary dies. This method
  may not provide income for your beneficiary that lasts for his or her entire
  lifetime. If your beneficiary dies before the entire accumulation has been
  paid out, the remaining accumulation will be paid in one sum to the payee
  named to receive it. The value of the death benefit placed under this method
  must be at least $10,000.

	
 

	
 

	
 

	
 

	
 

	
 

	
Interest payments.  A payment of interest on the death benefit will be made to your
  beneficiary each month for a chosen period of not less than 2 nor more than
  30 years.  At the end of the period
  chosen, TIAA will pay the death benefit to your beneficiary.  If your beneficiary dies while any part of
  the death benefit is held by TIAA, that amount will be payable as explained
  in section 56.

	
 

	
 

	
 

	
 

	
55.

	
The amount of death benefit payments will be
  determined as of the date payments are to begin by: 

	
 

	
 

	
 

	
 

	
 

	
 

	
A)

	
the amount
  of your Traditional Annuity accumulation less the outstanding loan balance
  for any outstanding loan; 

	
 

	
 

	
 

	
 

	
 

	
 

	
B)

	
the rate
  schedule or schedules under which any premiums, additional amounts and
  internal transfers were applied to your Traditional Annuity accumulation; 

	
 

	
 

	
 

	
 

	
 

	
 

	
C)

	
the method
  of payment chosen for the death benefit; and 

	
 

	
 

	
 

	
 

	
 

	
 

	
D)

	
if the
  method chosen is the one-life annuity or the minimum distribution annuity,
  the age of your beneficiary. 

	
 

	
 

	
 

	
 

	
 

	
          If
  any method chosen would result in payments of less than $100 a month, TIAA
  will have the right to require a change in choice that will result in
  payments of at least $100 a month.

	
 

	
 

	
 

	
 

	
56.

	
Payments after the death of a beneficiary.
  Any periodic payments or other amounts remaining due after the death of your
  beneficiary during a guaranteed or fixed period will be paid to the payee
  named by you or your beneficiary to receive them, by written notice to TIAA
  as explained in section 88. The commuted value of these payments may be paid
  in one sum unless we are directed otherwise. 

	
 

	
 

	
 

	
 

	
 

	
          If
  no payee has been named to receive these payments, or if no one so named is
  living at the death of your beneficiary, the commuted value will be paid in
  one sum to your beneficiary’s estate. 

	
 

	
 

	

	
 

	
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TIAA
  GSRA

Endorsement to Your TIAA Group Supplemental
Retirement Annuity Certificate

	
 

	
 

	
 

	
 

	
 

	
          If
  a payee receiving these payments dies before the end of the guaranteed or
  fixed period, the commuted value of any payments still due that person will
  be paid to any other payee named to receive it. If no one has been so named,
  the commuted value will be paid to the estate of the last payee who was
  receiving these payments. 

	
 

	
 

	
 

	
 

	
 

	
          If
  your beneficiary dies while any part of the death benefit is held by TIAA
  under the minimum distribution annuity, that amount will be paid in one sum
  to the payee you or your beneficiary have named to receive it. If no such
  person survives your beneficiary, the death benefit will be paid in one sum
  to your beneficiary’s estate. 

PART G: INTERNAL TRANSFERS

	
 

	
 

	
57.

	
Availability of internal transfers. Subject
  to section 62, you may transfer between your available Traditional Annuity
  accumulation and any of your Investment Account accumulations. In addition,
  you may transfer all or part of your available Traditional Annuity
  accumulation or any of your Investment Account accumulations to your
  companion CREF certificate. You may also transfer among your Investment
  Account accumulations. If you have an accumulation in your companion CREF
  certificate, you may transfer from that certificate to your certificate. TIAA
  reserves the right to limit internal transfers from each of your Investment
  Accounts to not more than one in a calendar quarter. TIAA reserves the right
  to stop accepting internal transfers to the Traditional Annuity and/or to any
  or all of the Investment Accounts at any time. Any internal transfer to or
  from CREF is subject to the terms of your companion CREF certificate and CREF’s
  Rules of the Fund. Your employer plan may limit your right to transfer to the
  Traditional Annuity, the Investment Accounts, and/or to a CREF account. 

	
 

	
 

	
58.

	
Amount of internal transfer. You can
  transfer all of your available Traditional Annuity accumulation or all of any
  of your Investment Account accumulations, or any part of any of these
  accumulations not less than $1,000. If you choose to transfer from your
  available Traditional Annuity accumulation, the amount to be transferred will
  be reduced by any surrender charge in accordance with the applicable rate
  schedule or schedules. 

	
 

	
 

	
 

	
          An
  internal transfer reduces the accumulation from which it is paid by the
  amount transferred, including any surrender charge. If you transfer from your
  available Traditional Annuity accumulation and different rate schedules apply
  to different parts of the accumulation, the reduction will be allocated among
  the parts on a pro-rata basis. 

	
 

	
 

	
59.

	
Effective date of internal transfers. An
  internal transfer will be effective as of the end of the business day in
  which we receive your written request for an internal transfer. You may defer
  the effective date of the internal transfer until any business day following
  the date on which we receive your request. TIAA will determine all values as
  of the end of the effective date. You can’t revoke a request for an internal
  transfer after its effective date. 

	
 

	
 

	
60.

	
Systematic transfers. You may elect to have
  transfers made on a systematic basis. Systematic transfers may be made
  semi-monthly, monthly, quarterly, semi-annually or annually. Semi-monthly
  transfers are made twice a month, with the second payment scheduled 14 days
  after the first payment. You choose which day the transfer will be made,
  except that if the date of a scheduled transfer is not a business day, the
  transfer will be made on the following business day. Transfers will continue
  until you tell us to stop or your available Traditional Annuity accumulation
  or an Investment Account accumulation is insufficient to support the
  transfer.

	
 

	
 

	

	
 

	
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  GSRA

Endorsement to Your TIAA Group Supplemental
Retirement Annuity Certificate

	
 

	
 

	
 

	
Systematic
  transfers are subject to all the provisions described above for transfers,
  except that a reduced minimum amount of $100 applies to such transfers.

	
 

	
 

	
61.

	
Crediting internal transfers. Internal
  transfers to your Traditional Annuity accumulation are credited to the
  Traditional Annuity as of the end of the effective date of the internal
  transfer. Internal transfers to your Investment Account accumulations
  purchase accumulation units as of the end of the effective date of the internal
  transfer. 

	
 

	
 

	
62.

	
Restrictions on transfers. To the extent
  permitted by applicable law, we may reject, limit, defer or impose other
  conditions on transfers into or out of an Investment Account in order to curb
  frequent transfer activity to the extent that comparable limitations are
  imposed on the purchase, redemption or exchange of shares of any of the funds
  held by an Investment Account. In accordance with applicable law, we may
  terminate the transfer feature of the certificate at any time. 

	
 

	
 

	
 

	
          A fund in
  which an Investment Account invests may impose a redemption charge on its
  assets that are redeemed out of the fund in connection with a transfer. The
  fund determines the amount of the redemption charge and the charge is
  retained by or paid to the fund and not by or to TIAA. The redemption charge
  may affect the number and value of accumulation units transferred out of the
  Investment Account that invests in that fund and, therefore, may affect the
  Investment Account accumulation.

PART H: LUMP-SUM BENEFITS

	
 

	
 

	
 

	
 

	
63.

	
Availability of the lump-sum benefit. You
  may, subject to the limits described below, withdraw as a lump-sum benefit
  all of your available Traditional Annuity accumulation or all of any of your
  Investment Account accumulations, or any part of any of these accumulations
  not less than $1,000. TIAA reserves the right to limit lump-sum benefits from
  your available Traditional Annuity accumulation and each of your Investment
  Account accumulations to not more than one in a calendar quarter. A lump-sum
  benefit will not be available before the earliest date permitted under your
  employer plan. The portion of your accumulation available to you as a
  lump-sum benefit may be limited by your employer plan. 

	
 

	
 

	
 

	
          If
  you are married and some or all of your accumulation is subject to spousal
  rights, your right to receive a lump-sum benefit is subject to the rights of
  your spouse as described in Part J. 

	
 

	
 

	
 

	
          Federal
  tax law may restrict distributions, as described in Part K. 

	
 

	
 

	
 

	
 

	
64.

	
Effective date of a lump-sum benefit. Any
  choice of lump-sum benefit must be made by written notice to TIAA on or
  before the day your income benefits begin, as explained in section 88. A
  lump-sum benefit will be effective as of the business day on which we receive,
  in a form acceptable to TIAA: 

	
 

	
 

	
 

	
 

	
 

	
 

	
A)

	
your request
  for a lump-sum benefit; and

	
 

	
 

	
 

	
 

	
 

	
 

	
B)

	
if your
  accumulation is subject to the spousal rights requirements described in
  Part J, a waiver of spouse’s rights or proof that you are not married.

	
 

	
 

	
 

	
 

	
 

	
          You
  may choose to defer the effective date of the lump-sum benefit until any
  business day following the date on which we receive the above requirements.
  TIAA will determine all values 

	
 

	
 

	

	
 

	
Page
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END-G1250.1-ACC

	
TIAA
  GSRA

Endorsement to Your TIAA Group Supplemental
Retirement Annuity Certificate

	
 

	
 

	
 

	
 

	
 

	
as of the end
  of the effective date. You can’t revoke a request for a lump-sum benefit
  after its effective date.

	
 

	
 

	
 

	
 

	
 

	
          TIAA may
  defer the payment of a Traditional Annuity lump-sum benefit for up to six
  months.

	
 

	
 

	
 

	
 

	
65.

	
Payment of a
  lump-sum benefit. A lump-sum benefit may be paid: 

	
 

	
 

	
 

	
 

	
 

	
 

	
A)

	
to you as a
  cash withdrawal;

	
 

	
 

	
 

	
 

	
 

	
 

	
B)

	
to another
  funding vehicle as a direct transfer under federal tax law; or

	
 

	
 

	
 

	
 

	
 

	
 

	
C)

	
to a TIAA IRA
  contract, a CREF IRA certificate, or to a funding vehicle whether or not it
  is offered by TIAA or CREF, as a tax-free rollover as permitted in
  section 89. 

	
 

	
 

	
 

	
 

	
66.

	
Amount of a lump-sum benefit. If you choose
  a lump-sum benefit from your available Traditional Annuity accumulation, we
  will pay the portion of your Traditional Annuity accumulation you choose,
  less any surrender charge in accordance with the applicable rate schedule or
  schedules. If you choose a lump-sum benefit from any of your Investment Account
  accumulations, we will pay the portion of your Investment Account
  accumulation you choose. 

	
 

	
 

	
 

	
          Payment
  of a lump-sum benefit reduces the accumulation from which it is paid by the
  amount chosen, including any surrender charge. If you choose a lump-sum
  benefit from your available Traditional Annuity accumulation and different
  rate schedules apply to different parts of your accumulation, the reduction
  will be allocated among the parts on a pro-rata basis.

	
 

	
 

	
67.

	
Systematic withdrawals. You may elect to
  have lump-sum benefits made on a systematic basis. Systematic withdrawals may
  be made semi-monthly, monthly, quarterly, semi-annually or annually.
  Semi-monthly withdrawals are made twice a month, with the second payment
  scheduled 14 days after the first payment. You choose which day the lump-sum
  benefit will be paid, except that if the date of a scheduled lump-sum benefit
  is not a business day, it will be paid on the following business day.
  Withdrawals will continue until you tell us to stop or until the portion of
  your available Traditional Annuity accumulation or an Investment Account
  accumulation available to you is insufficient to support the benefit.
  Systematic withdrawals are subject to all the provisions described above for
  lump-sum benefits, except that a reduced minimum amount of $100 applies. 

	
 

	
 

	
68.

	
Systematic Withdrawals from the Investment Accounts to Pay Financial
  Advisor Fees. You may authorize a series of
  systematic withdrawals from your Investment Account accumulations to pay the
  fees of a financial advisor.  Such
  systematic withdrawals are subject to all provisions applicable to systematic
  withdrawals, except as otherwise described in this section. 

	
 

	
 

	
 

	
 

	
 

	
          One
  series of systematic withdrawals to pay financial advisor fees may be in
  effect at the same time that one other series of systematic withdrawals is
  also in effect.  Systematic
  withdrawals to pay financial advisor fees must be scheduled to be made
  quarterly only, on the first day of each calendar quarter.  The amount withdrawn from each account
  must be specified in dollars or percentage of accumulation, and will be in
  proportion to the accumulations in each account at the end of the business
  day prior to the withdrawal. The financial advisor may request that we stop
  making withdrawals. 

	
 

	
 

	
 

	
          We reserve
  the right to determine the eligibility of financial advisors for this type of
  fee reimbursement. 

	
 

	
 

	

	
 

	
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END-G1250.1-ACC

	
TIAA
  GSRA

Endorsement to Your TIAA Group Supplemental
Retirement Annuity Certificate

PART I: LOANS

	
 

	
 

	
 

	
 

	
 

	
69.

	
Availability of loans. If your employer plan
  provides for loans, you may, at any time prior to the annuity starting date,
  apply for a loan using your available Traditional Annuity accumulation as
  collateral. All loan applications must be made in writing using TIAA’s loan
  agreement form, as explained in section 88. A loan will be made subject to
  receipt of: 

	
 

	
 

	
 

	
 

	
A)

	
your
  completed loan agreement form; and

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
B)

	
if your
  accumulation is subject to the Spousal rights requirements described in Part
  J, a waiver of spouse’s rights or proof that you are not married. 

	
 

	
 

	
 

	
 

	
 

	
 

	
          You
  may defer the effective date of the loan until the last day of the month
  following the date on which we receive the above requirements. We may defer
  the effective date of any loan for up to six months after receipt of all
  required documents. 

	
 

	
 

	
 

	
 

	
 

	
 

	
          The
  availability of new loans will automatically cease, without advance notice,
  whenever the reference interest rate exceeds the applicable special loan
  interest rate limit shown on page 3 of your certificate. We reserve the
  right, upon 30 days’ written notice to you, to change the special loan
  interest rate limit shown on page 3 of your certificate. In addition, we have
  the unilateral right, upon 30 days’ written notice to you, to discontinue the
  availability of new loans under the contract:

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
1)

	
if loan provisions
  are eliminated from your employer plan; 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
2)

	
if new
  regulatory or statutory developments materially impact the ability of TIAA to
  offer loans; or

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
3)

	
for any
  other reason approved by the insurance supervisory official of the jurisdiction
  in which the contract is issued. 

	
 

	
 

	
 

	
 

	
 

	
 

	
          We
  will notify you in writing if loans become available after such
  discontinuance. Loans will be made subject to the terms of the TIAA loan
  agreement and the applicable requirements of ERISA and the IRC, and the terms
  of your employer plan. 

	
 

	
 

	
 

	
 

	
 

	
 

	
          The
  presence of an outstanding loan balance under the certificate may affect the
  additional amounts credited to you.

	
 

	
 

	
 

	
 

	
 

	
70.

	
The amount of a loan cannot be less than
  $1,000, nor more than the excess of 90% of your Traditional Annuity
  accumulation under your certificate over the outstanding loan balance for any
  other loans from your certificate. The amount of a loan may also be reduced
  by any amount in default, including accrued interest, on loans from any of
  your employer’s plans, to the extent required by law. 

	
 

	
 

	
 

	
 

	
 

	
 

	
          In
  no event, however, can the amount of a loan, when added to the outstanding
  balance of all other loans from any of your employer’s plans, exceed the
  least of A), B) or C) below: 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
A)

	
$50,000
  reduced by the excess (if any) of:

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
(1)

	
the highest
  outstanding balance of loans from any of your employer’s plans during the one
  year period ending on the day before the date on which the loan is to be
  made; over

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
(2)

	
the
  outstanding balance of loans from any of your employer’s plans on the date on
  which the loan is to be made;

	
 

	
 

	

	
 

	
Page
  E20

	
END-G1250.1-ACC

	
TIAA
  GSRA

Endorsement to Your TIAA Group Supplemental
Retirement Annuity Certificate

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
B)

	
50% of the
  present value of your vested accrued benefit under any of your employer’s
  plans; or

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
C)

	
45% of the
  value of your accumulation under your certificate and any companion Group
  Supplemental Retirement Annuity Certificate issued by the College Retirement
  Equities Fund.

	
 

	
 

	
 

	
 

	
 

	
In
  determining the amount of a loan, all IRC Section 403(b) plans of your
  employer, all qualified IRC Section 401(a) or 403(a) plans of your
  employer, and all government plans of your employer, whether or not
  qualified, shall be treated as one plan, and all such plans of any related
  employers under IRC Section 414(b), (c) or (m) shall be taken into account.

	
 

	
 

	
71.

	
The loan interest rate applicable to the
  outstanding loan balance is an adjustable rate that will be set by TIAA. The
  initial loan interest rate will not exceed the reference interest rate as
  defined in section 72. 

	
 

	
 

	
 

	
 

	
 

	
 

	
          The
  loan interest rate will be subject to the adjustment process indicated below
  at the intervals stated in the loan agreement. Such intervals will not be
  more frequent than quarterly, nor less frequent than annually. If, as of the
  adjustment date, the then-current reference interest rate is at least 1/2%
  per year higher or lower than the loan interest rate then applicable to your
  outstanding loan balance, the loan interest rate on your outstanding loan
  balance will be set equal to the then-current reference interest rate.
  Otherwise the loan interest rate on your outstanding loan balance will remain
  unchanged. 

	
 

	
 

	
 

	
 

	
 

	
 

	
          A
  statement of the initial loan interest rate will be given to you at the time
  the loan is made. Thereafter we will notify you at least ten days in advance
  of any change in the loan interest rate. Such notice will include in
  substance the provisions of this section and section 72, and will
  specify the frequency at which the interest rate is to be determined, as
  permitted by law. 

	
 

	
 

	
 

	
 

	
 

	
72.

	
The
reference interest rate is the greater of:  

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
A)

	
the
  Published Monthly Average for the calendar month ending two months before the
  date on which the loan interest rate is determined; and

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
B)

	
the interest
  rate to be credited before the annuity starting date or your prior death, as
  stated in the applicable rate schedule, plus one percent per year.

	
 

	
 

	
 

	
 

	
 

	
 

	
          The
  Published Monthly Average is the Monthly Average Corporates yield shown in
  Moody’s Corporate Bond Yield Averages published by Moody’s Investors Service
  Inc., or any successor thereto. If the Moody’s Corporate Bond Yield
  Averages-Monthly Average Corporates yield is no longer published, a
  substantially similar average will be chosen by TIAA, subject to any
  requisite approval of the insurance supervisory official of the jurisdiction
  in which the contract is issued.

	
 

	
 

	
 

	
 

	
 

	
 

	
          You
  may contact TIAA to find out the current reference interest rate.

	
 

	
 

	
 

	
 

	
 

	
73.

	
The term of the loan may be for any whole
  number of years, not to exceed five years. If the purpose of the loan is to
  purchase a dwelling unit to be used as your principal residence within a
  reasonable time, determined at the time the loan is made, the term may be any
  whole number of years, not to exceed ten years. In no event may the term
  extend beyond your required beginning date. 

	
 

	
 

	
 

	
 

	
 

	
74.

	
Repayments of a loan are due at intervals
  stated in the loan agreement, but no less frequently than quarterly. 

	
 

	
 

	

	
 

	
Page
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END-G1250.1-ACC

	
TIAA
  GSRA

Endorsement to Your TIAA Group Supplemental
Retirement Annuity Certificate

	
 

	
 

	
 

	
 

	
 

	
 

	
          Whenever
  the loan interest rate is adjusted in accordance with section 71, the amount
  of the repayment will be recalculated to be that amount which would pay off
  the outstanding loan balance at the then-current loan interest rate in equal
  installments over the remaining term of the loan. 

	
 

	
 

	
 

	
 

	
 

	
 

	
          Repayments
  received by TIAA at its home office after the due date will result in an
  interest charge which will accrue at the loan interest rate from the due date
  until the date the repayment is received by TIAA at its home office. Interest
  accrued on late repayments will be due as part of the next quarterly
  repayment. Late interest accrued on the final repayment will be billed and is
  due immediately. 

	
 

	
 

	
 

	
 

	
 

	
 

	
          Plan
  contributions or other insurance or annuity premiums received by TIAA on your
  behalf will not be credited as a loan repayment under your certificate. 

	
 

	
 

	
 

	
 

	
 

	
 

	
          Prepayments
  of all or part of the loan may be made at any time and will reduce the
  outstanding loan balance. If the outstanding loan balance for any loan has not
  been repaid as of the annuity starting date, at your prior death, or at the
  time you request a withdrawal of your entire available Traditional Annuity
  accumulation as a lump-sum benefit prior to your annuity starting date, TIAA
  may foreclose on such unpaid loan as follows: 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
A)

	
As of the
  annuity starting date, TIAA may first foreclose on such unpaid loan by
  reducing the loan collateral portion of your accumulation by the amount of
  the outstanding loan balance and by the amount of any applicable surrender
  charge. 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
B)

	
As of the
  date of your death before the annuity starting date, TIAA will first
  foreclose on such unpaid loan by reducing the loan collateral portion of your
  accumulation by the amount of the outstanding loan balance.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
C)

	
As of the
  date you choose to withdraw all of your available Traditional Annuity
  accumulation as a lump-sum benefit before the annuity starting date, to the
  extent permitted under the restrictions described in Part K, TIAA may first
  foreclose on such unpaid loan by reducing the loan collateral portion of your
  accumulation by the amount of the outstanding loan balance and by the amount
  of any applicable surrender charge. 

	
 

	
 

	
 

	
 

	
 

	
 

	
          When
  different rate schedules apply to different parts of your accumulation, any
  such reduction will be allocated among the parts on a pro-rata basis. The
  remainder of your accumulation will then be used by TIAA to provide your
  income, death, or lump-sum benefit.

	
 

	
 

	
75.

	
Loan default. Any repayment that is not
  received by TIAA at its home office on or before the default date as stated
  in the Loan Agreement, will be in default. To the extent required by law, a
  single defaulted repayment may cause the entire outstanding loan balance to
  be in default. The amount in default will be foreclosed upon to the extent
  permitted under the restrictions described in Part K. Upon foreclosure, TIAA
  will deduct, from the loan collateral portion of your accumulation, the loan
  default amount. When different rate schedules apply to different parts of
  your accumulation, the deduction will be allocated among the parts on a
  pro-rata basis. The loan default amount is the sum of: 

	
 

	
 

	
 

	
 

	
A)

	
the amount
  in default; plus

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
B)

	
interest
  accrued on the amount in default to the date of default or foreclosure, if
  later; plus

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
C)

	
the
  applicable surrender charge. 

	
 

	
 

	

	
 

	
Page
  E22

	
END-G1250.1-ACC

	
TIAA
  GSRA

Endorsement to Your TIAA Group Supplemental
Retirement Annuity Certificate

	
 

	
 

	
 

	
          The
  outstanding loan balance will be reduced by the loan default amount on which
  TIAA foreclosed.

	
 

	
 

	
 

	
          The
  amount in default that cannot be foreclosed upon will continue to accrue
  interest at the loan interest rate, until such time as TIAA may foreclose on
  it.

	
 

	
 

	
 

	
          The
  amount of any loan default amount will be considered a distribution to you
  for income tax purposes, and will be reported as such to the extent required
  by law, which may change in the future. 

	
 

	
 

	
 

	
          TIAA
  assumes no responsibility for any adverse tax consequences of defaults on
  loan repayments. TIAA makes no representations or guarantees as to the effect
  any loan may have on your tax liability.

PART J: SPOUSE’S RIGHTS TO BENEFITS

	
 

	
 

	
 

	
 

	
76.

	
Spouse’s rights to benefits. If you are
  married, and all or part of your accumulation is attributable to
  contributions made under

	
 

	
 

	
 

	
 

	
A)

	
an employer
  plan subject to ERISA; or

	
 

	
 

	
 

	
 

	
 

	
 

	
B)

	
an employer
  plan that provides for spousal rights to benefits, 

	
 

	
 

	
 

	
 

	
 

	
then, only
  to the extent required by the IRC or ERISA or the terms of your employer
  plan, your rights to choose certain benefits are restricted by the rights of
  your spouse to benefits as follows:

	
 

	
 

	
 

	
 

	
 

	
 

	
Spouse’s survivor retirement benefit. If you
  are married on your annuity starting date, your income benefit must be paid
  under a two-life annuity with your spouse as second annuitant.

	
 

	
 

	
 

	
 

	
 

	
 

	
Spouse’s survivor death benefit. If you die
  before your annuity starting date and your spouse survives you, the payment
  of the death benefit to your named beneficiary may be  subject to your spouse’s right to receive
  a death benefit.  Under an employer
  plan subject to ERISA, your spouse has the right to a death benefit of at
  least 50% of any part of your accumulation attributable to contributions made
  under such plan.  Under an employer
  plan not subject to ERISA, your spouse may have the right to a death benefit
  in the amount stipulated in the plan.

	
 

	
 

	
 

	
 

	
 

	
          Your
  spouse may consent to a waiver of his or her rights to these benefits, as
  explained in section 77.

	
 

	
 

	
 

	
 

	
77.

	
Waiver of spouse’s rights. If you are
  married, your spouse must consent to a waiver of his or her rights to
  survivor benefits before you can choose: 

	
 

	
 

	
 

	
 

	
 

	
 

	
A)

	
an income
  option other than a two-life annuity with your spouse as second annuitant; or

	
 

	
 

	
 

	
 

	
 

	
 

	
B)

	
beneficiaries
  who are not your spouse for more than the percentage of the death benefit
  allowed by the employer plan; or

	
 

	
 

	
 

	
 

	
 

	
 

	
C)

	
a lump-sum
  benefit; or

	
 

	
 

	
 

	
 

	
 

	
 

	
D)

	
a loan. 

	
 

	
 

	
 

	
 

	
 

	

	
 

	
 

	

	
 

	
Page
  E23

	
END-G1250.1-ACC

	
TIAA
  GSRA

Endorsement to Your TIAA Group Supplemental
Retirement Annuity Certificate

	
 

	
 

	
 

	
 

	
 

	
          In
  order to waive the rights to spousal survivor benefits, we must receive, in a
  form satisfactory to TIAA, your spouse’s consent, or a satisfactory
  verification that your spouse cannot be located.
  A waiver of rights with respect to an income option or a lump-sum benefit
  must be made in accordance with the IRC and ERISA, or the applicable
  provisions of your employer plan. A waiver of the survivor death benefit may
  not be effective if it is made prior to the earlier of the plan year in which
  you reach age 35 or your severance from employment of your employer.

	
 

	
 

	
 

	
 

	
 

	
          Verification
  of your marital status may be required, in a form satisfactory to TIAA, for
  purposes of establishing your spouse’s rights to benefits or a waiver of
  these rights. You may revoke a waiver of your spouse’s rights to benefits at
  any time during your lifetime and before the annuity starting date. Your
  spouse may not revoke a consent after the consent has been given.

PART K: RESTRICTIONS ON DISTRIBUTIONS AND
INCOME BENEFITS

	
 

	
 

	
 

	
 

	
78.

	
IRC Section 401(k) plans. Your ability to
  elect a distribution as available under the terms of your certificate is also
  subject to the applicable provisions of the IRC. IRC Section 401(k) prohibits
  the distribution of the portion of your accumulation attributable to premiums
  paid as elective deferrals, except as a tax-free transfer to another funding
  vehicle, until you: 

	
 

	
 

	
 

	
 

	
 

	
 

	
A)

	
attain age
  59 1⁄2 , in the case of a profit-sharing plan;

	
 

	
 

	
 

	
 

	
 

	
 

	
B)

	
have a
  severance from employment with respect to the employer under whose plan the
  aforementioned portion is attributable;

	
 

	
 

	
 

	
 

	
 

	
 

	
C)

	
die;

	
 

	
 

	
 

	
 

	
 

	
 

	
D)

	
become
  disabled within the meaning of IRC Section 72(m)(7); 

	
 

	
 

	
 

	
 

	
 

	
 

	
E)

	
encounter
  financial “hardship” within the meaning of IRC Section 401(k);

	
 

	
 

	
 

	
 

	
 

	
or, if
  earlier, upon the occurrence of any of the events described in IRC Section
  401(k)(10).

	
 

	
 

	
 

	
 

	
 

	
          In
  the case of hardship, IRC Section 401(k) requires that any earnings credited
  after December 31, 1988 be unavailable for distribution.

	
 

	
 

	
 

	
 

	
 

	
          Any
  request for an early withdrawal due to disability, hardship, or severance
  from employment must be submitted with evidence of the disability, hardship,
  or severance from employment on forms satisfactory to TIAA and not
  inconsistent with applicable law.

	
 

	
 

	
 

	
 

	
79.

	
IRC Section 403(b) plans. Your ability to
  elect a distribution as available under the terms of your certificate is also
  subject to the applicable provisions of the IRC. In general, IRC Section
  403(b) prohibits the distribution to you of the portion of your accumulation
  equal to: 

	
 

	
 

	
 

	
 

	
 

	
 

	
A)

	
amounts
  attributable to funds transferred to your certificate from a custodial
  account established under IRC Section 403(b)(7); plus

	
 

	
 

	
 

	
 

	
 

	
 

	
B)

	
amounts
  attributable to premiums paid to an IRC Section 403(b)(1) annuity contract as
  elective deferrals under a salary reduction agreement (within the meaning of
  IRC Section 403(b)(11)); less

	
 

	
 

	
 

	
 

	
 

	
 

	
C)

	
the value,
  if any, of the amounts described in B) determined as of December 31,
  1988. 

	
 

	
 

	
 

	
 

	
 

	
until you:

	
 

	
 

	
 

	
 

	
 

	
 

	
(1)

	
reach age 59
  1⁄2 ;

	
 

	
 

	
 

	
 

	
 

	
 

	
(2)

	
have a
  severance from employment with respect to the employer under whose plan the
  aforementioned portion is attributable;

	
 

	
 

	

	
 

	
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END-G1250.1-ACC

	
TIAA
  GSRA

Endorsement to Your TIAA Group Supplemental
Retirement Annuity Certificate

	
 

	
 

	
 

	
 

	
 

	
 

	
(3)

	
die; 

	
 

	
 

	
 

	
 

	
 

	
 

	
(4)

	
become
  disabled within the meaning of IRC Section 72(m)(7); or

	
 

	
 

	
 

	
 

	
 

	
 

	
(5)

	
encounter
  financial “hardship” within the meaning of IRC Section 403(b).

	
 

	
 

	
 

	
 

	
 

	
          In
  the case of hardship, IRC Section 403(b) generally requires that any earnings
  credited after December 31, 1988 and any contributions paid after December
  31, 1988 to a custodial account established under IRC Section 403(b)(7) that
  are not elective deferrals under a salary reduction agreement, will not be
  available for distribution.

	
 

	
 

	
 

	
 

	
 

	
          Any
  request for an early withdrawal due to disability, hardship, or severance
  from employment must be submitted with evidence of the disability, hardship,
  or severance from employment on forms satisfactory to TIAA and must not be
  inconsistent with applicable law.

PART L: GENERAL PROVISIONS

	
 

	
 

	
 

	
 

	
80.

	
Insulation of the Investment Accounts. TIAA
  owns the assets in each Investment Account. To the extent permitted by law,
  the assets in each Investment Account will not be charged with liabilities
  arising out of any other business TIAA may conduct. All income, investment
  gains and investment losses of each Investment Account, whether or not realized,
  will be credited to or charged against only that account without regard to
  TIAA’s other income, gains or losses. 

	
 

	
 

	
81.

	
Modification of an Investment Account. We
  may, as permitted by applicable law, combine or delete Investment Accounts.
  We may add other Investment Accounts with the consent of your employer under
  your employer plan. We may also, as permitted by applicable law and the New
  York Insurance Department, change or substitute the fund(s) whose shares are
  held by the Investment Accounts. 

	
 

	
 

	
 

	
 

	
 

	
          If
  you own accumulation units in an Investment Account that is deleted, you will
  be deemed to have instructed us to transfer them to the CREF Money Market
  Account, if available, or such other account as specified by your employer
  under the terms of the employer plan.
  However, if permitted by your employer plan, you may instruct us to
  transfer such amounts to any other available Investment Account, the
  Traditional Annuity or to your companion CREF certificate. 

	
 

	
 

	
82.

	
Applicability of prior provisions.  Any of the following provisions of your
  original certificate will remain in effect as of the effective date of this
  endorsement to the extent that they are applicable to substantially similar
  provisions of this endorsement: 

	
 

	
 

	
 

	
 

	
 

	
 

	
A)

	
Provisions
  detailing the terms of your employer plan appearing on page 3 of your
  original certificate.

	
 

	
 

	
 

	
 

	
 

	
 

	
B)

	
Any
  provisions pertaining to ownership of your certificate other than by the
  annuitant.

	
 

	
 

	
 

	
 

	
 

	
 

	
C)

	
The rate
  schedule or rate schedules as applicable. 

	
 

	
 

	
 

	
 

	
 

	
 

	
D)

	
Annuitant
  specific information appearing on page 3 of your original certificate subject
  to any changes you have made as allowed under the terms of your certificate. 

	
 

	
 

	
 

	
 

	
 

	
 

	
E)

	
Provisions
  detailing premium taxes. 

	
 

	
 

	
 

	
 

	
 

	
 

	
F)

	
Lower
  minimum transaction amounts relative to the amounts indicated in this
  endorsement. 

	
 

	
 

	

	
 

	
Page
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END-G1250.1-ACC

	
TIAA
  GSRA

Endorsement to Your TIAA Group Supplemental
Retirement Annuity Certificate

	
 

	
 

	
 

	
 

	
83.

	
Report of accumulation. At least once each
  year, we will provide you with a report for your certificate showing the
  value of your accumulation (death benefit) as of a date specified in the
  report. 

	
 

	
 

	
84.

	
Investment Company Act of 1940.  The TIAA Access Account is a
  unit-investment trust which is a registered investment company under the
  Investment Company Act of 1940.
  However, we may operate the separate account using any other form
  permitted under the Act.  Also, we may
  deregister the separate account under the Act, subject to compliance with
  applicable law. 

	
 

	
 

	
85.

	
No assignment or transfer. Neither you nor
  any other person may assign, pledge, or transfer ownership of your
  certificate or any benefits under its terms. Any such action will be void and
  of no effect. 

	
 

	
 

	
 

	
 

	
86.

	
Protection against claims of creditors. The
  benefits and rights accruing to you or any other person under your
  certificate are exempt from the claims of creditors or legal process to the
  fullest extent permitted by law. 

	
 

	
 

	
87.

	
Non-forfeiture of benefits. Amounts payable
  under your certificate will not be less than the minimum required as of the
  date of issue by any statute of the state or other jurisdiction in which your
  certificate is delivered. Your accumulation and any benefits purchased cannot
  be forfeited under your certificate, however, your accumulation is subject to
  the loan repayment requirements described in section 74.

	
 

	
 

	
88.

	
Procedure for elections and changes. You (or
  your beneficiaries after your death) have to make any choice or changes
  available under your certificate in a form acceptable to TIAA at our home
  office in New York, NY, or at another location that we designate. If you (or
  your beneficiaries after your death) send us a notice changing your
  beneficiaries or other persons named to receive payments, it will take effect
  as of the date it was signed even if you (or any other signer) then die
  before the notice actually reaches TIAA. Any other notice will take effect as
  of the date TIAA receives it. If TIAA takes any action in good faith before
  receiving the notice, we won’t be subject to liability even if our acts were
  contrary to what you told us in the notice.

	
 

	
 

	
89.

	
Right to a tax-free rollover. If you or your
  surviving spouse (or your spouse or former spouse as an alternate payee under
  a “qualified domestic relations order,” as defined in the IRC) receive a
  distribution from your certificate which qualifies as an eligible rollover
  distribution under IRC Section 402(c)(4), any portion of it may be paid as a
  direct rollover to an eligible retirement plan. An eligible retirement plan
  is, to the extent permitted by law, a plan satisfying the requirements of IRC
  Section 401(a), 403(a), 403(b), 408 or to the extent that the plan sponsor is
  a state or local government, Section 457(b).

	
 

	
 

	
 

	
          Retirement
  plans eligible for such rollovers may, in the future, be changed by law. If
  such changes become effective, your certificate will be governed by the laws
  and regulations then applicable.

	
 

	
 

	
90.

	
Payment to an estate, trustee, etc. TIAA
  reserves the right to pay in one sum the commuted value of any benefits due
  an estate, corporation, partnership, trustee or other entity that isn’t a
  natural person. TIAA won’t be responsible for the acts or neglects of any
  executor, trustee, guardian, or other third party receiving payments under
  the certificate. 

	
 

	
 

	

	
 

	
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  GSRA

Endorsement to Your TIAA Group Supplemental
Retirement Annuity Certificate

	
 

	
 

	
 

	
 

	
 

	
          If
  you designate a trustee of a trust as beneficiary, TIAA is not obliged to inquire
  into the terms of the underlying trust or any will. 

	
 

	
 

	
 

	
          If
  death benefits become payable to the designated trustee of a testamentary
  trust, but: 

	
 

	
 

	
 

	
 

	
 

	
 

	
A)

	
no qualified
  trustee makes claim for the benefits within nine months after your death; or

	
 

	
 

	
 

	
 

	
 

	
 

	
B)

	
evidence
  satisfactory to TIAA is presented at any time within such nine-month period
  that no trustee can qualify to receive the benefits due,

	
 

	
 

	
 

	
 

	
 

	
payment will
  be made to the successor beneficiaries, if any are designated and survive
  you; otherwise payment will be made to the executors or administrators of
  your estate.

	
 

	
 

	
 

	
 

	
 

	
          If
  benefits become payable to an inter-vivos
  trustee (the person appointed to execute a trust created during an individual’s
  lifetime), but the trust is not in effect or there is no qualified trustee,
  payment will be made to the successor beneficiaries, if any are designated
  and survive you; otherwise payment will be made to the executors or
  administrators of your estate.

	
 

	
 

	
 

	
 

	
 

	
          Payment
  to any trustee, successor beneficiary, executor, or administrator, as
  provided for above, shall fully satisfy TIAA’s payment obligations under your
  certificate to the extent of such payment.

	
 

	
 

	
 

	
 

	
91.

	
Service of process upon TIAA. We will accept
  service of process in any action or suit against us on your certificate in
  any court of competent jurisdiction in the United States or Puerto Rico
  provided such process is properly made. We will also accept such process sent
  to us by registered mail if the plaintiff is a resident of the jurisdiction
  in which the action or suit is brought. This section does not waive any of
  our rights, including the right to remove such action or suit to another
  court. 

	
 

	
 

	
 

	
 

	
92.

	
Benefits based on incorrect data. If the
  amount of benefits is determined by data as to a person’s age or sex that is
  incorrect, the benefits payable will be such as the premium paid would have
  purchased based on correct data. Any amounts underpaid by TIAA on the basis
  of the incorrect data will be paid at the time the correction is made. Any
  amounts overpaid by TIAA on the basis of the incorrect data will be charged
  against the payments due after the correction is made. Any amounts so paid or
  charged will include compound interest at the effective annual rate of 6%.

	
 

	
 

	
 

	
 

	
93.

	
Proof of survival. TIAA reserves the right
  to require satisfactory proof that anyone named to receive benefits under the
  terms of your certificate is alive on the date any benefit payment is due. If
  this proof is not received after it has been requested in writing, TIAA will
  have the right to make reduced payments or to withhold payments entirely
  until such proof is received. If under a two-life annuity TIAA has overpaid
  benefits because of a death of which we were not notified, subsequent payments
  will be reduced or withheld until the amount of the overpayment, plus
  compound interest at the effective annual rate of 6%, has been recovered. 

	
 

	
 

	
 

	
 

	
94.

	
Compliance with laws and regulations. TIAA
  will administer your certificate to comply with the restrictions of all laws
  and regulations pertaining to the terms and conditions of your certificate.
  You cannot elect any benefit or exercise any right under your certificate if
  the election of that benefit or exercise of that right is prohibited under an
  applicable state or federal law or regulation. 

	
 

	
 

	
 

	
          The
  choice of income option, annuity starting date, beneficiary or second
  annuitant, method of payment of the death benefit, and the availability of
  internal transfers and lump-sum benefits, the rights of spouses to benefits,
  and loans as set forth in your certificate are subject to 

	
 

	
 

	

	
 

	
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  GSRA

Endorsement to Your TIAA Group Supplemental
Retirement Annuity Certificate

	
 

	
 

	
 

	
 

	
 

	
the
  applicable restrictions, distribution requirements, and incidental benefit
  requirements of ERISA and the IRC, and any rulings and regulations issued
  under ERISA and the IRC.

	
 

	
 

	
 

	
 

	
95.

	
Correspondence and requests for benefits. No
  notice, application, form, or request for benefits will be deemed to be
  received by us unless it is received at our home office in New York, NY, or
  at another location that we designate. All benefits are payable at our home
  office in New York, NY, or at another location that we designate. If you have
  any questions about the contract, your certificate, or inquiries about our
  service, or if you need help to resolve a problem, you can contact us at the
  address or phone number below. 

	
 

	
 

	
 

	
 

	
TIAA

  730 Third Avenue

  New York, NY 10017-3206

  Telephone: 800 842-2733

	
 

	
 

	
 

	
 

	
96.

	
Change of rate schedule. We may, at any time
  and from time to time, substitute a new rate schedule for the one currently
  effective in your certificate. A new rate schedule will apply only to
  benefits arising from any premiums, additional amounts, and internal
  transfers applied to the Traditional Annuity while such rate schedule is in
  effect. Any change in the rate schedule will not affect the amount of
  benefits purchased prior to the change by any premiums, additional amounts,
  and internal transfers applied to the Traditional Annuity. Any change in the
  interest rate credited before your annuity starting date or your prior death
  is subject to the minimum rate specified in the applicable state
  nonforfeiture law, if any, or if none, the applicable National Association of
  Insurance Commissioners model nonforfeiture law. Any change in the charge for
  expenses or contingencies, or in the surrender charge, must comply with any
  applicable state nonforfeiture law. A change in the rate schedule will be
  made only after we have given you and the contractholder three months’
  written notice of the change. Any such change will also be made to all other
  Group Supplemental Retirement Annuity certificates written on that
  certificate form and delivered in the same jurisdiction. Any new rate
  schedule will specify: 

	
 

	
 

	
 

	
 

	
A)

	
the charges
  for expenses and contingencies;

	
 

	
 

	
 

	
 

	
 

	
 

	
B)

	
the interest
  rates and the mortality bases used for determining benefits arising from
  amounts applied to the Traditional Annuity; and

	
 

	
 

	
 

	
 

	
 

	
 

	
C)

	
any applicable
  surrender charges on lump-sum benefits and internal transfers arising from
  amounts applied to the Traditional Annuity and on the amount of loan
  collateral used to foreclose on all or part of a loan default or unpaid loan.

	
 

	
 

	
 

	
 

	
The following sections are new and apply to the rate schedule(s)
  under your certificate:

	
 

	
 

	
 

	
 

	
97.

	
Rate schedule guarantees.  The guarantees provided in your
  certificate’s rate schedule(s) are provided only for amounts applied to the
  Traditional Annuity and only for as long as such amounts remain in the
  Traditional Annuity. 

	
 

	
 

	
98.

	
Rates applicable to the Access Account accumulations transferred to
  immediately begin income from the Traditional Annuity.
  The following applies to the Access Account accumulations attributable to any
  premiums and internal transfers applied to the Access Account while the
  current rate schedule is in effect and for as long as such amounts remain in
  the Access Account accumulation: 

	
 

	
 

	

	
 

	
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END-G1250.1-ACC

	
TIAA
  GSRA

Endorsement to Your TIAA Group Supplemental
Retirement Annuity Certificate

	
 

	
 

	
 

	
 

	
 

	
 

	
          If
  you transfer accumulations from the Access Account to the Traditional Annuity
  to purchase a one-life or two-life annuity, with benefits beginning
  immediately, the resulting guaranteed benefit from the Traditional Annuity
  will be determined on whichever of these bases produces the largest
  guaranteed payments: 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
(1)

	
(a)

	
interest at
  the effective annual rate of 1.5%; and

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
(b)

	
mortality
  according to the Annuity 2000 mortality table (TIAA Merged Gender Mod A),
  with ages set back one year for each completed year between January 1, 2004
  and the effective date of the internal transfer; 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
(2)

	
the basis
  otherwise applicable to internal transfers to the Traditional Annuity under
  the rate schedule in effect on the effective date of the transfer; or

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
(3)

	
the basis in
  use for any single premium immediate annuities then being offered by TIAA for
  contracts of the same class as the contract under which your certificate is
  issued. 

	
 

	
 

	

	
 

	
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TIAA
  GSRA

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