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King, Francis P. – Research Dialogues, 1995
The graded payment method of receiving traditional annuity benefits was introduced by the Teachers Insurance and Annuity Association (TIAA) in 1982 to introduce an inflation-fighting factor into the annuity program. Under the graded method, in contrast to the standard method, a part of current annuity dividend income is withheld each year to…
Descriptors: Cost Indexes, Higher Education, Inflation (Economics), Money Management