University Of Michigan Benefits Office

TIAA-CREF

Founded in 1918, Teachers Insurance and Annuity Association and the College Retirement Equities Fund (TIAA-CREF) is a nonprofit organization and the largest private retirement system in the world. It has $340 billion in assets under management and serves 3.2 million people who work at over 15,000 colleges, universities, independent schools, and other nonprofit education, hospital, health care, and research institutions throughout the United States. In fact, the University of Michigan was the first institution in the nation to offer TIAA.

TIAA-CREF also offers IRAs, mutual funds, after-tax annuities, financial planning and trust services, and tuition savings plans as complements to its retirement plan services. TIAA-CREF is a well diversified financial services organization and is the largest provider of retirement plan services to colleges and universities in the country.

The University of Michigan has offered TIAA-CREF to its faculty and staff since 1919.

The following investment funds are available through TIAA-CREF. Contact TIAA-CREF for more information or a prospectus.

CREF Bond Market
CREF Equity Index
CREF Global Equities
CREF Growth
CREF Inflation-Linked Bond
CREF Money Market
CREF Social Choice
CREF Stock
TIAA Real Estate
TIAA Traditional

Two ways to invest with TIAA-CREF

1. Create a Custom Portfolio
You can create your own custom-made portfolio by allocating your contributions among the ten TIAA-CREF funds according to your own specifications. Simply indicate the percent you wish to allocate to the specific TIAA-CREF funds listed on the application.

2. Choose a Sample Portfolio
You can select one of four sample portfolios listed on the TIAA-CREF application that will allocate your contributions among the TIAA-CREF funds to create a diversified portfolio. Each portfolio represents a different investor profile with different degrees of risk tolerance . Simply choose the portfolio that most closely represents your investment profile and risk tolerance. To find out which one most closely matches your investment profile, use the Asset Allocation Calculator at http://www.tiaa-cref.org.

Limitations
The University in its sole discretion may modify, amend, or terminate the benefits provided with respect to any individual receiving benefits, including active employees, retirees, and their dependents. Although the University has elected to provide these benefits this year, no individual has a vested right to any of the benefits provided. Nothing in these materials gives any individual the right to continued benefits beyond the time the University modifies, amends, or terminates the benefit. Anyone seeking or accepting any of the benefits provided will be deemed to have accepted the terms of the benefits programs and the University's right to modify, amend or terminate them.