Initially, what did TIAA offer participants in retirement savings accounts?
A. Deferred annuities only
B. Lump-sum accumulations only
C. A choice between deferred annuities and lump-sum accumulations
D. No retirement options
Initially, TIAA offered participants in retirement savings accounts a choice between deferred annuities and lump-sum accumulations. So, the correct answer is:
C. A choice between deferred annuities and lump-sum accumulations
In summary, initially, TIAA provided participants in retirement savings accounts with the choice between deferred annuities and lump-sum accumulations as their retirement options.
