I have always wondered how and why TIAA can keep $50,000: of my retirement accumulation in reserve for health insurance premiums.
I am a retiree with. CUNY.
it does not make sense and seems grossly unjust and maybe illegal that they keep the $50,000 grand until you die.
Especially concerning the low GHI senior retirees premiums of approx $5.00 s month or less.
I don’t understand how TIAA gets to keep my money until I die when I’m only paying practically nothing for the premium.
im just wondering and hope to get some answers before I start complaining to government agencies, like NYS Attorney General etc.