Letter From The Chairman of the Board Thomas J. Moran

In my 2015 Annual Report letter, I informed you of my decision to retire as President and Chief Executive Officer. At that time, I also communicated the Board of Directors’ appointment of John Greed as my successor and their request that I continue to serve as Chairman of the Board.

When I joined Mutual of America more than four decades ago, I could not have imagined what an incredible journey it would be. Over those years, I have seen many changes take place, but the one thing that has never changed is Mutual of America’s culture of integrity, caring, social responsibility and commitment to its customers and employees. It has been a rare and wonderful privilege to be part of this culture for so many years. For me, this truly has been the job of a lifetime.

Now, after more than 40 most gratifying years, it is time for me to start a new chapter in my life. For this reason, I have decided to retire as Chairman of the Board. While saying goodbye is difficult, I could not be more excited and pleased with John Greed’s successful transition in leading our Company the past two years. Under his continued leadership, I have the greatest confidence that Mutual of America is well positioned for continued success.

I am leaving the Company in the very capable hands of John Greed and a leadership team that, like John, is second to none.

John has always understood the importance of putting clients, and their financial security needs, first. That same commitment will help the Company to continue creating new and innovative ways to drive retirement readiness outcomes, despite an ever-evolving demographic, policy and regulatory landscape.

Some of my fondest memories over the years have been witnessing the life-changing work of our clients as well as how our high-tech, high-touch approach to retirement plan services allows them to remain focused on their mission. Our exceptional employees provide a full range of retirement services, from overall plan design to delivering one-on-one participant education and guidance aimed at giving plan participants the tools and confidence they need to work toward a secure retirement.

This sense of caring is also reflected in Mutual of America’s philanthropic endeavors. Our employees are passionate about giving back to their communities. The difference these efforts make is humbling and has had a profound impact on the person I am today. It has been an honor to walk alongside each of them on this journey.

I am appreciative of the trust Mutual of America’s Board of Directors placed in me by giving me the opportunity to lead this great company over so many years. I am grateful for their guidance and support and am proud of what we have accomplished together. I am confident that as I pass the torch, that same trust and support will be given to John. I am leaving the Company in the very capable hands of John Greed and a leadership team that, like John, is second to none in terms of their professional skills, ethics and unwavering commitment to our customers. Equally important, they have the vision and sense of caring that defines Mutual of America and that will continue to lead the Company forward.

I plan to keep busy with my ongoing involvement with the international humanitarian aid organization Concern Worldwide (US) and with the Archdiocese of New York, along with my role as the Chancellor of Queen’s University Belfast.

While this completes my retirement at Mutual of America, my relationship with the Company will continue with all of my savings and retirement benefits being entrusted to Mutual of America’s care. I hope that when you decide to retire, it will be with the same sense of trust, confidence and happiness with which I am retiring.

Thomas J. Moran
Thomas J. Moran
Chairman of the Board

You should consider the investment objectives, risks, and charges and expenses of the variable annuity contract and the underlying investment funds carefully before investing. This and other information is contained in the contract prospectus or brochure and underlying funds prospectuses and summary prospectuses, which can be obtained by calling 1-866-954-4321 or by visiting mutualofamerica.com.

Mutual of America’s group and individual retirement products are variable annuity contracts and are suitable for long-term investing, particularly for retirement savings. The value of a variable annuity contract will fluctuate depending on the performance of the Separate Account investment funds you choose. Upon redemption, you could receive more or less than the principal amount invested. A variable annuity contract provides no additional tax-deferred treatment of benefits beyond the treatment provided to any qualified retirement plan or IRA by applicable tax law. You should consider a variable annuity contract’s other features before making a decision.

Statements made in this interactive annual report by clients of Mutual of America are not paid testimonials. These testimonials may not be representative of the experience of other clients and are not indicative of future performance or success.

Past performance is no guarantee of future results.