Common use of transferred to TIAA Clause in Contracts

transferred to TIAA. If no choice is made, we will switch such annuity units to the other income change method in the same account. At any time, CREF can switch all annuity units payable under the annual income change method in any CREF account to the monthly income change method. All elections and choices made in connection with an income option or method of payment of the death benefit and in effect as of the date of transfer will remain in effect. The number of annuity units in the account to which the unit-annuity is transferred will be determined in accordance with the Rules of the Fund.

transferred to TIAA. If no choice is made, we will switch such annuity units to the other income change method in the same account. CREF Retirement Choice Annuity Contract At any time, CREF can switch all annuity units payable under the annual income change method in any CREF account to the monthly income change method. All elections and choices made in connection with an income option or method of payment of the death benefit and in effect as of the date of transfer will remain in effect. The number of annuity units in the account to which the unit-annuity is transferred will be determined in accordance with the Rules of the Fund.

transferred to TIAA. If no choice is made, we will switch such annuity units to the other income change method in the same account. CREF Retirement Choice Plus Annuity Contract At any time, CREF can switch all annuity units payable under the annual income change method in any CREF account to the monthly income change method. All elections and choices made in connection with an income option or method of payment of the death benefit and in effect as of the date of transfer will remain in effect. The number of annuity units in the account to which the unit-annuity is transferred will be determined in accordance with the Rules of the Fund.