That appears to explain it. Thank you.Just to reiterate what I already posted. TIAA's general account (that which backs the Traditional annuity) does not have much invested in equities (this is generally the case for insurance company general accounts). The general account is mostly invested in bonds. Consequently, references to the "26 month bull market [in equities]" are not relevant in consideration of whether or not there would be a "bump up" in Traditional payment levels. Bonds have not been in a bull market over the last 26 months.crefwatch: I got involved with this in about 2021. I went back, then, and found annual increases back to 2018. So I show annual increases for every year 2018-2022. 5 years. Yes I know the increases are not guaranteed and get it that 2022 was a bad year. But after this 26 month bull market, common sense suggests a return to a bump up, that was regular for those 5 years, at least. But I get it that there’s no obligation.
Statistics: Posted by Leesbro63 — Wed Jan 01, 2025 2:09 pm