TIAA-CREF
Headquarters:
730 Third Avenue
New York, NY 10017
Employees: 38,000
CEO: Herbert Allison
Website:
http://www.tiaa-cref.org
Career Site
TIAA-CREF is a national financial services
organization and the leading provider of retirement services
in the academic, research, medical and cultural fields
With more than $350 billion in combined
assets, TIAA-CREF serves 3.2 million people at over 15,000 institutions.
In addition to retirement plans, the TIAA-CREF
group of companies offers investment products including mutual
funds and insurance coverage and other products to help protect
families and provide for their continued financial security.
TIAA-CREF headquarters are in New York
City, with regional centers in Denver and Charlotte. There are
offices nationwide primarily in major college towns.
History
College and universities in the United
States offer some of the best retirement plans in the nation.
They can thank Andrew Carnegie for that. The legendary philanthropist
recognized that colleges needed to offer adequate pensions in
order to attract talented teachers.
In 1918 the Carnegie Foundation established
Teachers Insurance and Annuity Association (TIAA), a fully-funded
system of pensions for professors. Funding was provided by a
combination of grants from the foundation and Carnegie Corporation
of New York -- including an initial gift of $1 million -- and
ongoing contributions from participating institutions and individuals.
Incorporated as a life insurance company in the state of New
York, TIAA began operation under the leadership of Henry S. Pritchett,
a former president of the Massachusetts Institute of Technology.
By the end of its first year, 30 public and private institutions
had signed on.
TIAA created the College Retirement Equity
Fund in 1952 as the world's first variable annuity and to combat
risks from inflation.
Benefits
Healthcare
TIAA-CREF offers a variety of plans
to address health care needs (i.e., medical, dental and prescription
drugs), offer savings on taxes (i.e., flexible spending accounts,
transportation benefit programs) and protect employee income
from catastrophic loss (i.e., disability, life and accident insurance).
Employees have the ability to choose the plans that work best
for them and their family. Medical options include a point-of-service
medical plan, a high deductible PPO plan with a Healthcare Savings
Account and a Health Maintenance Organization.
Planning for the Future
At TIAA-CREF, we believe it's never too early to prepare for
your financial future. We offer several retirement plans that
can help employees provide for their future financial health
and well-being. These plans include a company paid defined contribution
retirement plan and a voluntary 401(k) plan.
Work/Life and Other Benefit Programs
Employees have access to a wide range of programs that can help
them effectively manage the multiple responsibilities of their
personal and professional life. These include a Paid Time-off
Program, Employee Assistance Program (EAP), Tuition Assistance
Pro gram, Adoption Assistance Program, Fitness Reimbursement
Program, Childcare/Eldercare Resource and Referral Services,
Backup Childcare Program and Backup Childcare Reimbursement Program.
In our Charlotte location we offer a tuition subsidy for full-time
childcare for infants and pre-school age dependent children attending
a near-site childcare center.
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