TEACHERS INSURANCE AND ANNUITY ASSOCIATION OF AMERICA (TIAA) 730 Third Avenue, New York, N.Y. 10017-3206 Telephone: 800 ###-###-#### Endorsement to Your TIAA Deferred Annuity Contract Effective Date: March 31, 2011

Exhibit 4(c)

TEACHERS INSURANCE AND ANNUITY ASSOCIATION OF AMERICA
(TIAA)
730 Third Avenue, New York, N.Y. 10017-3206
Telephone: 800 ###-###-####

Endorsement to Your TIAA Deferred Annuity Contract

Effective Date: March 31, 2011

This endorsement is part of your contract with TIAA. It adds a provision to your contract, as follows:

An internal funding vehicle transfer is the movement of accumulations among or between any of the following:

However, an internal funding vehicle transfer does not include any of the following:

• Systematic withdrawals and transfers (SWATs)

• Automatic rebalances

• Any transaction arising from a TIAA sponsored advice product or service

• Transfer Payout Annuity (TPA) payments directed to the Real Estate Account.

You may not apply internal funding vehicle transfers to your Real Estate Account accumulation if after giving effect to such transfer the total value of your Real Estate Account accumulation under this contract and any other TIAA annuity contract or certificate issued to you would exceed a threshold amount of $150,000. Any internal funding vehicle transfer which cannot be applied pursuant to this rule will be rejected in its entirety and we will communicate such rejection to you. If, as of the effective date of this endorsement, the total value of your Real Estate Account accumulation under this contract and any other TIAA annuity contract or certificate issued to you already exceeds the threshold amount, you will not be required to reduce such accumulation to a level at or below the threshold.

The Real Estate Account accumulation unit values used in applying this provision will be those calculated as of the valuation day preceding the day on which the proposed transfer is to be effective. For the purpose of this provision, the total value of your Real Estate Account accumulation will include the value of any pending internal funding vehicle transfers into your Real Estate Account accumulation under any TIAA annuity contracts or certificates issued to you.

TIAA reserves the right in the future to increase or decrease the threshold dollar amount associated with this provision. However, the threshold amount will never be less than $100,000. If, as of the

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