Common use of Crediting internal transfers Clause in Contracts

Crediting internal transfers. Internal transfers to an employee’s Traditional Annuity accumulation are credited to the Traditional Annuity as of the end of the effective date of the internal transfer and begin participation in the Traditional Annuity as of the following day. Internal transfers to an employee’s Investment Account accumulations purchase accumulation units as of the end of the effective date of the internal transfer.

Appears in 7 contracts

Samples: Retirement Choice Annuity Contract (Tiaa Separate Account Va-3), Retirement Choice Annuity Contract (Tiaa Separate Account Va-3), Retirement Annuity Contract (Tiaa Separate Account Va-3)

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