This document describes the information vested employees receive from TIAA-CREF and tells how to contact TIAA-CREF for information or assistance.
After receiving notice that an employee has vested, TIAA-CREF will provide the employee with a contract invested in a lifecycle mutual fund which is appropriate for the employee's age and estimated year of retirement.
TIAA-CREF uses the following methodology to determine the specific lifecycle fund into which a plan participant will be placed upon vesting. They use the person's birth year to determine the lifecycle fund default.
Qualifying DOB |
Lifecycle Fund |
Initial Target Equity/Non-Equity Split |
1948 & prior |
2010 |
50/50 |
1949-1953 |
2015 |
55/45 |
1954-1958 |
2020 |
60/40 |
1959-1963 |
2025 |
65/35 |
1964-1968 |
2030 |
70/30 |
1969-1973 |
2035 |
75/25 |
1974 & later |
2040 |
80/20 |
Once an employee has vested in the Research Foundation (RF) Basic Retirement Plan and a lifecycle mutual fund contract has been issued in the employee's name, TIAA-CREF will begin sending the employee quarterly accumulation statements indicating:
TIAA-CREF will send an annual statement to employees providing:
For information about quarterly statements, accumulations, and publications, administrators should contact the Administrative Telephone Center at 1-888-842-7782. Employess with questions should contact TIAA-CREF at 1-800-842-2776.
Employees may obtain information about their accumulations and make changes via the TIAA-CREF Web site at http://www.tiaa-cref.org/rfsuny.