making the most of your financial future union college retirement plan enhancements effective march...
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Making the Mostof Your Financial FutureUnion College Retirement Plan Enhancements Effective March 1, 2013
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Today’s agenda
Retirement Plan enhancements
Making investment decisions and how TIAA-CREF can help
Action steps
Q&A
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The basics of the Plan stay the same
Employee or Employer Contribution Rates/Schedules
No change
Eligibility Requirements No change
Vesting Schedule No change
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New investment choices: Benefits
1 Access to streamlined investment choices
2 Opportunities for greater diversification
3 Low cost investment choices
4 Choices designed to help you seek a secure retirement
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A tiered approach offers flexibility and choices for all investors
Three approaches to investing
Tier 1 Tier 2 Tier 3
Target-date funds Passive options Actively managed investment options
Investment Approach: One-step approach to investing. Your investment allocation is professionally managed and is based on your anticipated retirement date. Investments are broadly diversified among stocks, bonds, short-term fixed income and inflation-protected assets.
Investment Approach: It is an investment process that aims to replicate the returns of a specific market index (i.e., an equity or fixed-income index).
Investment Approach: A portfolio manager makes specific investment decisions and actively manages the investment portfolio with the goal of outperforming its benchmark (or market index).
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Union Plan enhancements
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Investment options
Tier 1 Tier 2 Tier 3
Target-date funds Passive Investment options Actively managed investment options
TIAA-CREF Lifecycle Index 2010 Fund – Premier Class (TLTPX)
TIAA-CREF Lifecycle Index 2015 Fund – Premier Class (TLFPX)
TIAA-CREF Lifecycle Index 2020 Fund – Premier Class (TLWPX)
TIAA-CREF Lifecycle Index 2025 Fund – Premier Class (TLVPX)
TIAA-CREF Lifecycle Index 2030 Fund – Premier Class (TLHPX)
TIAA-CREF Lifecycle Index 2035 Fund – Premier Class (TLYPX)
TIAA-CREF Lifecycle Index 2040 Fund – Premier Class (TLPRX)
TIAA-CREF Lifecycle Index 2045 Fund – Premier Class (TLMPX)
TIAA-CREF Lifecycle Index 2050 Fund – Premier Class (TLLPX)
TIAA-CREF Lifecycle Index 2055 Fund – Premier Class (TTIPX)
TIAA-CREF Lifecycle Index Retirement Income Fund – Premier Class (TLIPX)
TIAA-CREF Bond Index Fund – Retirement Class (TBIRX)
TIAA-CREF Emerging Markets Equity Index Fund – Retirement Class (TEQSX)
TIAA-CREF Equity Index Fund – Retirement Class (TIQRX)
TIAA-CREF International Equity Index Fund – Retirement Class (TRIEX)
TIAA-CREF Large-Cap Value Index Fund – Retirement Class (TRCVX)
TIAA-CREF Small-Cap Blend Index Fund – Retirement Class (TRBIX)
Vanguard Mid-Cap Index Fund Signal (VMISX)
Vanguard REIT Index Fund Signal (VGRSX)
Vanguard Short-Term Bond Index Fund Signal (VBSSX)
Vanguard Long-Term Bond Index Investor (VBLTX)
CREF Stock (Variable Annuity)
CREF Social Choice Account (Variable Annuity)
CREF Growth Account (Variable Annuity)
CREF inflation Linked Bond Account (Variable Annuity)
TIAA Real Estate Account (Variable Annuity)
TIAA Traditional Annuity (Guaranteed Annuity)
CREF Money Market Account (Variable Annuity)
* Any guarantees under annuities issued by TIAA are subject to TIAA's claims-paying ability. TIAA Traditional is a guaranteed insurance contract and not an investment for Federal Securities Law purposes.
* Investing involves risk of loss of principal.
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New investment options
Fund Name Ticker Symbol
TIAA-CREF Bond Index Fund – Retirement Class TBIRX
TIAA-CREF Emerging Markets Equity Index Fund – Retirement Class TEQSX
TIAA-CREF Equity Index Fund – Retirement Class TIQRX
TIAA-CREF International Equity Index Fund – Retirement Class TRIEX
TIAA-CREF Large-Cap Value Index Fund – Retirement Class TRCVX
TIAA-CREF Small-Cap Blend Index Fund – Retirement Class TRBIX
TIAA-CREF Lifecycle Index 2010 Fund – Premier Class TLTPX
TIAA-CREF Lifecycle Index 2015 Fund – Premier Class TLFPX
TIAA-CREF Lifecycle Index 2020 Fund – Premier Class TLWPX
TIAA-CREF Lifecycle Index 2025 Fund – Premier Class TLVPX
TIAA-CREF Lifecycle Index 2030 Fund – Premier Class TLHPX
TIAA-CREF Lifecycle Index 2035 Fund – Premier Class TLYPX
TIAA-CREF Lifecycle Index 2040 Fund – Premier Class TLPRX
TIAA-CREF Lifecycle Index 2045 Fund – Premier Class TLMPX
TIAA-CREF Lifecycle Index 2050 Fund – Premier Class TLLPX
TIAA-CREF Lifecycle Index 2055 Fund – Premier Class TTIPX
TIAA-CREF Lifecycle Index Retirement Income Fund – Prem Cl TLIPX
Vanguard Mid-Cap Index Fund Signal VMISX
Vanguard REIT Index Fund Signal VGRSX
Vanguard Short-Term Bond Index Fund Signal VBSSX
Vanguard Long-Term Bond Index Investor VBLTX
These new options include funds from well-known investment companies:
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Investment menu mapping
Funds in the left-hand column will be removed from the Union College investment menu. Any accumulations will be transferred to the corresponding replacement fund in the right-hand column.
Closing Investment Options Ticker Symbol Replacement Investment OptionsTicker Symbol
TIAA-CREF Growth & Income Fund – Retirement Class
TRGIX ▸ TIAA-CREF Equity Index Fund – Retirement Class
TIQRX
TIAA-CREF International Equity Fund – Retirement Class
TRERX ▸ TIAA-CREF International Equity Index Fund – Retirement Class
TRIEX
TIAA-CREF Large-Cap Value Fund – Retirement Class
TRLCX ▸ TIAA-CREF Large Cap Value Index Fund – Retirement
TRCVX
TIAA-CREF Mid-Cap Growth Fund – Retirement Class
TRGMX ▸ Vanguard Mid-Cap Index Fund Signal VMISX
TIAA-CREF Mid-Cap Value Fund – Retirement Class
TRVRX ▸ Vanguard Mid-Cap Index Fund Signal VMISX
TIAA-CREF Real Estate Securities Fund – Retirement Class
TRRSX ▸ Vanguard REIT Index Fund Signal VGRSX
TIAA-CREF Small-Cap Equity Fund – Retirement Class
TRSEX ▸ TIAA-CREF Small-Cap Blend Index Fund – Retirement Class
TRBIX
TIAA-CREF Social Choice Equity Fund – Retirement Class
TRSCX ▸ CREF Social Choice Account Variable Annuity
TIAA-CREF S&P 500 Index Fund – Retirement Class
TRSPX ▸ TIAA-CREF Equity Index Fund – Retirement Class
TIQRX
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Investment menu mapping (continued)
Closing Investment Options Ticker Symbol Replacement Investment Options Ticker Symbol
TIAA-CREF Lifecycle 2050 Fund – Retirement Class
TLFRX ▸ TIAA-CREF Lifecycle Index 2050 Fund – Premier Class
TLLPX
TIAA-CREF Lifecycle Retirement Income Fund – Retirement Class
TLIRX ▸ TIAA-CREF Lifecycle Index Retirement Income Fund – Prem Cl
TLIPX
TIAA-CREF Lifecycle 2010 Fund – Retirement Class
TCLEX ▸ TIAA-CREF Lifecycle Index 2010 Fund – Premier Class
TLTPX
TIAA-CREF Lifecycle 2015 Fund – Retirement Class
TCLIX ▸ TIAA-CREF Lifecycle Index 2015 Fund – Premier Class
TLFPX
TIAA-CREF Lifecycle 2020 Fund – Retirement Class
TCLTX ▸ TIAA-CREF Lifecycle Index 2020 Fund – Premier Class
TLWPX
TIAA-CREF Lifecycle 2025 Fund – Retirement Class
TCLFX ▸ TIAA-CREF Lifecycle Index 2025 Fund – Premier Class
TLVPX
TIAA-CREF Lifecycle 2030 Fund – Retirement Class
TCLNX ▸ TIAA-CREF Lifecycle Index 2030 Fund – Premier Class
TLHPX
TIAA-CREF Lifecycle 2035 Fund – Retirement Class
TCLRX ▸ TIAA-CREF Lifecycle Index 2035 Fund – Premier Class
TLYPX
TIAA-CREF Lifecycle 2040 Fund – Retirement Class
TCLOX ▸ TIAA-CREF Lifecycle Index 2040 Fund – Premier Class
TLPRX
TIAA-CREF Lifecycle 2045 Fund – Retirement Class
TTFRX ▸ TIAA-CREF Lifecycle Index 2045 Fund – Premier Class
TLMPX
TIAA-CREF Lifecycle 2055 Fund – Retirement Class
TTRLX ▸ TIAA-CREF Lifecycle Index 2055 Fund – Premier Class
TTIPX
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Restricted investment options
Certain investment options will be restricted from new contributions. If you’re currently contributing to the accounts in the left-hand column, your future contributions will be “mapped” (redirected) to similar investment options on the new investment menu (right-hand column). You may leave your existing accumulation where it is or transfer balances to the new investment options.
Restricted Funds for Future Contributions Replacement Fund for Future Contributions
CREF Bond Market Account ▸ TIAA-CREF Bond Index Fund – Retirement Class (TBIRX)
CREF Equity Index Account ▸ TIAA-CREF Equity Index Fund – Retirement Class (TIQRX)
CREF Global Equities Account ▸ TIAA-CREF International Equity Index Fund – Retirement Class (TRIEX)
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Investment decisions
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“Am I saving enough?”
“How should I invest?”
“Do I need to save more?”
“Will I have enough?”
“How should I take my income?”
“Will it last?”
Early- and Mid-career Accumulation Advice (on retirementplan assets)
Established Career Preretirement
Pre- And Post-Retirement Advice
Investment and retirement planning
Advice recommendations
▸ Asset allocation
▸ Fund selection
▸ Savings/Deferral rate
▸ Retirement age
▸ Annuitization methods
* Using an advice methodology from Ibbotson Associates, Inc.
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Comprehensive investment advice and education from TIAA-CREF
One-on-one
Advice and Counseling Sessions*Planning based on goals, risk tolerance and retirement time horizon
Personalized action plan with specific recommendations
Online
Web-Based Resources Dedicated website:www.tiaa-cref.org/union
TIAA-CREF’s social media: Facebook, Twitter, myretirement.org
Mail, Email and Printed Materials
Transition materials and new contracts mailed to your home
Informative enewsletters and email updates
Quarterly statements with estimated retirement projections TO retirement illustrations and personal rate of return
Communications
* Advice is provided on retirement plan assets using an advice methodology from Ibbotson Associates, Inc.
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Action steps
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1 Review the enhanced investment menu at www.tiaa-cref.org/union.
2 Make changes to your allocation and/or portfolio if you wish.
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If you do nothing: 1. Your original investment balances will stay in the annuity accounts as they are today. 2. Your original investment balances in closed mutual funds will be transferred to the mapped investments.3. Your future contributions will be invested in the mapped investments.
4 Review your current allocations and beneficiary information.
5Set up a one-on-one session to obtain advice and to ensure your current contributions are in line with your retirement goals.
After March 1, 2013
Not participating yet? Start today! Contact your Benefits office representative, and enroll at www.tiaa-cref.org/union.
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We’re here for you
Online assistance:
www.tiaa-cref.org/union Research and view investment options Learn more about your plan Make changes to your account
Phone assistance:
800 842-2252 Monday to Friday, 8 a.m. to 10 p.m. (ET) Saturday, 9 a.m. to 6 p.m. (ET)
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We’re here for you
Personalized advice on campus:Call 800 732-8353, Monday to Friday 8 a.m. to 5 p.m. (ET), to schedule a confidential, one-on-one appointment at no additional cost to you.
Drop-in Information Desk with a TIAA-CREF Financial Consultant:TIAA-CREF will be on campus in February for individual counseling.
On campus counseling dates in March: On campus counseling dates in April:
TIAA-CREF will conduct additional individual counseling sessions at Union College. Call early to get your choice of date and time.
Date Time Location
Wednesday, February 13 10:30 a.m. – Noon, Reamer Campus Center, Room 2043 p.m. – 5 p.m.
Thursday, February 14 10:30 a.m. – Noon, Reamer Campus Center, Room 2043 p.m. – 5 p.m.
Date
Monday, March 18 Monday, March 25 Thursday, March 21
Date
Tuesday, April 2 Thursday, April 11Monday, April 8 Monday, April 15Wednesday, April 10 Tuesday, April 16
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Q&A
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tiaa-cref.org© 2013 Teachers Insurance and Annuity Association-College Retirement Equities Fund (TIAA-CREF), 730 Third Avenue, New York, NY 10017C8899
Investment, insurance and annuity products are not FDIC insured, are not bank guaranteed, are not bank deposits, are not insured by any federal government agency, are not a condition to any banking service or activity and may lose value.
TIAA-CREF products may be subject to market and other risk factors. See the applicable product literature, or visit tiaa-cref.org for details.
You should consider the investment objectives, risks, charges and expenses carefully before investing. Please call 877 518-9161, or visit www.tiaa-cref.org/union for a current prospectus that contains this and other information. Please read the prospectus carefully before investing.
TIAA-CREF Individual & Institutional Services, LLC and Teachers Personal Investors Services, Inc., members FINRA, distribute securities products. Annuity contracts and certificates are issued by Teachers Insurance and Annuity Association (TIAA) and College Retirement Equities Fund (CREF), New York, NY.
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