The Extra to Basic Plan option is not available for new enrollments. Employees who already have it may make changes, cancel, or re-enroll, but all new enrollments must go to an SRA account.

What are my options if I want to make supplemental contributions to TIAA-CREF?
You have two options on which type of account to use if you choose to tax-defer more than 5% to TIAA-CREF after enrolling in the Basic Plan:

1. You can direct your supplemental contributions to the same TIAA-CREF account you use for the Basic Plan.
2. You can direct your supplemental contributions to a TIAA-CREF SRA (supplemental retirement account). This account is separate from the one used for the matching contributions under the Basic Plan and requires completion of a TIAA-CREF SRA account application.

What’s the difference?
The primary distinction is the SRA gives you more flexibility to cash out your accumulations while you are still working for the University. Loans are also available from the SRA.

What cash withdrawal flexibility does the SRA give me while I’m still working at the University?

• The SRA can be cashed out at age 59 ½ or older for any reason.
• The SRA can be cashed out if you become disabled.
• The SRA can be cashed out due to financial hardship.
• The SRA has a loan option.
• These in-service cash and loan options are not available on supplemental contributions that are made to the TIAA-CREF Basic Plan account.

How does TIAA Traditional differ?
There are two important characteristics that apply to TIAA Traditional accumulations under the Basic Plan that do not apply to TIAA Traditional accumulations under the SRA.

1. TIAA Traditional accumulations under the Basic Plan earn a higher rate of interest than those invested with the SRA. Contact TIAA-CREF for current rates of interest being credited. This difference between the Basic Plan and SRA does not apply to TIAA Real Estate or the CREF funds.
2. TIAA Traditional accumulations in the Basic Plan do not have a lump sum cash withdrawal, transfer, or rollover feature. Accumulations are moved in these types of transactions in a process called a TIAA Traditional Transfer Payout Annuity. This process moves accumulations in equal installments over a nine-year time span.

   Example: If you want to transfer TIAA Traditional accumulations to CREF or Fidelity, roll them over to an IRA, or cash them out, it would be done in equal installments once a year, for nine years.

TIAA Traditional accumulations in the SRA are not subject to this restriction and can be transferred, cashed out, or rolled over in a lump sum. You earn a lower rate of interest in the SRA while gaining greater cash withdrawal flexibility.

Can I transfer supplemental contributions I have made to the Basic Plan TIAA-CREF account into a TIAA-CREF SRA?
Yes. You can transfer supplemental contributions made to the Basic Plan to a TIAA-CREF SRA in order to gain access to the in-service cash out and loan options. Only supplemental contributions are eligible to be transferred to an SRA; the 5% you contribute and the 10% University match are not. TIAA-CREF tracks your 5% Basic Plan and supplemental contributions separately in order to determine which accumulations are eligible to be transferred to an SRA.

TIAA Traditional accumulations in the Basic Plan are still subject to the nine-year Transfer Payout Annuity so transfers to the SRA will take nine years. TIAA Real Estate and the CREF funds can be transferred to the SRA in a lump sum.