MS 0071800718 Microsite Pages** 1584 HAPPAJI 718 The University of Texas System 718 The University of Texas System 2009-09-09T15:31:52.67 06/30/2009 718 The University of Texas System TX 100874 Y Y ( ) - N ( ) - N ( ) - Premier Non-Sole Recordkeeper 1 http://www.tiaa-cref.org/utexas TX Y 283 utexas http://www.tiaa-cref.org/utexas http://enroll.tiaamax.com/staging/utexas http://www.utorp.utsystem.edu/ Y 1 230 utexas_img.gif Y Y 1089 1090 1093 18025 18026 1089 Univ of Texas System ORP UT Optional Retirement Program (ORP) RA 0 0 100873 996 0 UT Optional Retirement Program (ORP) 1 0 1 1 0 1 1 Paper 0 0 This is HARDCODED URL N Together, UT and TIAA-CREF can help you prepare for your retirement. Whether it's the state's Optional Retirement Plan (ORP), an alternative to the Teacher Retirement System of Texas (TRS), the supplemental plans for additional retirement savings, or the Roth 403(b), TIAA-CREF is here to make enrollment and management of your plans as easy as possible. Open an Account with TIAA-CREF Use the links below to enroll online or to download and print the appropriate paper application. To Enroll Online: <UL> <LI>Make sure you have:</LI> <UL> <LI>Your investment allocations, selected from your <A href="inv_opt_home.html">investment choices</A></LI> <LI>Your Social Security number</LI> <LI>Your beneficiary's Social Security number, birthdate and address </LI></UL> <LI>Make note of the Access Code for the plan you're enrolling in: </LI> <UL> <LI>UT ORP: NA51TX <LI>UT Saver TSA: TXPW34 <LI>UT Saver DCP: TXPV25 </LI></UL> <LI>Go to the <A href="https://ais2.tiaa-cref.org/cgi-bin/WebObjects/IOESEmplWeb" target=_blank>TIAA-CREF Online Enrollment Center</A> and enter the appropriate access code. </LI></UL> To Enroll by Paper: <UL> <LI>Click on the appropriate plan name to open and print its application*: <UL> <LI><A href="../resources/ef/ef_0071800718_1089.pdf" target=_blank>UT ORP</A> <LI><A href="../resources/ef/ef_0071800718_1090.pdf" target=_blank>UT Saver TSA</A>  <LI><A href="../resources/ef/ef_0071800718_1093.pdf" target=_blank>UT Saver DCP </A> </LI></UL> <LI>When completed, fax the form to TIAA-CREF at 800 842-5916, or mail it to:</LI></UL> <BLOCKQUOTE dir=ltr style="MARGIN-RIGHT: 0px"> TIAA-CREF P.O. Box 1294 Charlotte, NC 28201-9979 </BLOCKQUOTE> Be sure to check with <A href="contact.html">your employer</A> for other required forms or procedures. The Roth 403(b) is now an available option through your UT Saver TSA (Traditional & Roth). If you are currently enrolled in the UT TSA Saver Plan, simply complete a new salary reduction agreement through the <A href="https://www.aigretco.com/RetireMan" target=_blank>UT Retirement Manager</A> site and click on the TSA Enroll/Change page. No new TIAA-CREF application is required. If you are not currently enrolled in the UT Saver TSA (Traditional & Roth), you must enroll via the <A href="https://www.vrsco.com/retireman" target=_blank>UT Retirement Manager</A> and complete the TIAA-CREF application accessible on this page. * To ensure that you can view PDF files on this page correctly, disable your browser's pop-up blocker if it is in use. C37466 N Money Market Fund Y 0 fundmappinginfo.pdf 19000101 0 20070227 0 0 Partner funds Lifecycle funds Non-proprietary funds TIAA-CREF mutual funds N CUSTOM Generally, you will be informed of your eligibility to participate in the Optional Retirement Program (ORP) at the time of your initial employment. Eligibility is strictly and determined by the job you perform and is not based on years of service or salary level. To be eligible to participate in ORP an employee must: (1) initially be appointed on a full-time basis for four and one-half months or more; and (2) be appointed to a position otherwise eligible to participate in ORP. Employees who are eligible to participate in a retirement program but who are not eligible to participate in ORP must participate in the Teacher Retirement System of Texas. The following positions are generally ORP-eligible (see U.T. System ORP Policy Sections 3.1.10 - 3.1.12 for more detailed definitions): <?xml:namespace prefix = o /><o:p></o:p> <UL type=disc> <LI class=MsoNormal style="COLOR: black; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l0 level1 lfo1; tab-stops: list .5in">Faculty members whose duties include teaching and/or research as a principal activity <o:p></o:p> <LI class=MsoNormal style="COLOR: black; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l0 level1 lfo1; tab-stops: list .5in">Faculty Administrators responsible for teaching and research faculty <o:p></o:p> <LI class=MsoNormal style="COLOR: black; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l0 level1 lfo1; tab-stops: list .5in">Professional librarians <o:p></o:p> <LI class=MsoNormal style="COLOR: black; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l0 level1 lfo1; tab-stops: list .5in">Chief and senior administrative officials <o:p></o:p> <LI class=MsoNormal style="COLOR: black; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l0 level1 lfo1; tab-stops: list .5in">Specialized professional positions (such as physicians, engineers and attorneys) <o:p></o:p></LI></UL> Employee After-Tax (K) Employee Pre Tax Mandatory (I) Employer (F) Rollover (9) CUSTOM The University of Texas System provides a generous match to your employee contribution. For more details, <A href="contact.html">contact</A> your local benefits office or <A href="https://www.vrsco.com/retireman/">go online</A>. None 0 0 CUSTOM The University of Texas System provides a generous match to your employee contribution. For more details, <A href="contact.html">contact</A> your local benefits office or <A href="https://www.vrsco.com/retireman/">go online</A>. Y CUSTOM You are 100% vested in the employer contribution to your ORP account after one year and one day of participation in the plan. You are always 100% vested in your employee contribution to your ORP account. STANDARD N Lump Sum Fixed Period IPRO Lifetime Income MDO (Minimum Distribution Option) RTB (Retirement Transition Benefit) Single Sum Death Benefit Small Sum Distribution SWAT (Systematic Withdrawals) TPA to Cash (Transfer Payout Annuity) STANDARD N STANDARD Y CUSTOM Loans are not available from this plan but may be available through the <A href="plan_det_home_1090.html">UT Saver TSA</A> or <A href="plan_det_home_1093.html">UT Saver DCP</A>. 0 0 803 - 0 1090 Univ of Texas System 403B TDA UT Saver TSA (Traditional & Roth) GSRA 0 1 100874 999 The Roth 403(b) is now an available option through your UT Saver TSA (Traditional & Roth). If you are currently enrolled in the UT Saver TSA (Traditional & Roth), you will simply need to complete a new salary reduction agreement through the <A href="https://www.vrsco.com/retireman/">UT Retirement Manager</A> site and click on TSA Enroll/ Change page. No new TIAA-CREF application is required. If you are not currently enrolled in the UT Saver TSA (Traditional & Roth), you will need to first enroll via the <A href="https://www.vrsco.com/retireman/">UT Retirement Manager</A> and complete the TIAA-CREF application accessible on the <A href="https://www.tiaamax.com/PlanPortal/Pages/ManagePlans/enrollment.html">Enroll Now</A> page. C37466 0 UT Saver TSA 1 0 0 1 0 1 1 Paper 0 0 This is HARDCODED URL N N Lifecycle Fund Y 0 19000101 1 For more information, click this link: Roth for Your 403(b)/UT Saver TSA (Traditional & Roth) Plan (PDF) 20080616 0 0 TIAA-CREF mutual funds Partner funds Non-proprietary funds Lifecycle funds Y STANDARD Employee Pre-Tax (E) Rollover (9) CUSTOM This plan allows only employee contributions. You may contribute the maximum amount permissible to both the 457(b) and your UT Saver TSA (Traditional & Roth). If your employer offers more than one plan for making employee contributions, you may increase the amount you save on a tax-deferred basis. Your plan now allows you to make Roth after-tax contributions. To learn more about the Roth 403(b) option, visit the <A href="inv_opt_changes.asp">UT Saver TSA Roth</A> page. The Roth 403(b) is now an available option through your UT Saver TSA (Traditional & Roth). If you are currently enrolled in the UT Saver TSA (Traditional & Roth), you will simply need to complete a new salary reduction agreement through the <A href="https://www.vrsco.com/retireman/">UT Retirement Manager</A> site and click on TSA Enroll/Change page. No new TIAA-CREF application is required. If you are not currently enrolled in the UT Saver TSA (Traditional & Roth) plan, you will need to first enroll via the <A href="https://www.vrsco.com/retireman/">UT Retirement Manager</A> as mentioned and complete the TIAA-CREF application accessible on the <A href="enrollment.html">Enroll Now</A> page. C37466 None 0 0 STANDARD Y STANDARD STANDARD N Lump Sum 59 -1/2 In Service Fixed Period Hardship Lifetime Income MDO (Minimum Distribution Option) RTB (Retirement Transition Benefit) Single Sum Death Benefit Small Sum Distribution SWAT (Systematic Withdrawals) STANDARD N CUSTOM Supplemental Plans Traditional: Because you make contributions with pretax dollars, federal income taxes are deferred on supplemental plans until you begin taking withdrawals later on. No taxes are due on contributions and earnings until the money is withdrawn, but because these plans are intended primarily for retirement, you can generally withdraw funds only after termination of employment or age 59 1/2 (subject to plan rules). If you withdraw funds before age 59 1/2, they may be subject to an additional 10% early-withdrawal penalty. New Roth 403(b): Withdrawals of earnings are tax-free if you are age 59 1/2, or if you satisfy other criteria and you have held the account for five years or longer. For withdrawals of earnings prior to age 59 1/2, a 10% early-withdrawal penalty may apply. There are no taxes or penalties on withdrawals of after-tax contributions For additional information and guidance, contact your tax advisor. C37466 Y STANDARD 0 1 804 - 0 1093 Univ of Texas System 457B DC Plan UT Saver DCP 457(b) Public 0 0 100877 997 0 UT Saver DCP 1 0 0 1 0 1 1 Paper 0 0 This is HARDCODED URL N N Lifecycle Fund N 0 19000101 0 20070227 1 1 Y STANDARD Rollover (9) STANDARD None 0 0 CUSTOM This is a voluntary plan. There are no matching contributions. Y STANDARD STANDARD N Lump Sum Fixed Period IPRO Lifetime Income MDO (Minimum Distribution Option) RTB (Retirement Transition Benefit) Single Sum Death Benefit Small Sum Distribution SWAT (Systematic Withdrawals) TPA to Cash (Transfer Payout Annuity) STANDARD N STANDARD Y STANDARD 0 1 807 - 0 Equities Variable Annuity CREF Equity Index Account 008 0 1 Proprietary Accounts - Equity n/a 41518 The investment seeks long-term return. The fund attempts to track the U.S. stock market as a whole by investing substantially all of its assets in stocks included in the Russell 3000 index. It does not hold all 3000 of the stocks included in the index. Instead, it may use a sampling method to try to emulate the index's overall investment characteristics. 194408308 1089 1090 1091 1092 1093 04/29/1994 16.68 4.01 -26.74 -2.22 -1.78 6.43 0.00 90 105 25 34 44 49 90 104 105 121 122 CREF Global Equities Account 006 0 1 Proprietary Funds - International n/a 41518 The investment seeks long-term total return. The fund invests at least 80% of assets in equity securities of foreign and domestic companies. It may invest at least 40% of assets in foreign securities and at least 25% in domestic securities. The remaining 35% is distributed between foreign and domestic securities. 194408100 1089 1090 1091 1092 1093 05/01/1992 20.91 7.38 -30.36 -0.56 -1.08 5.88 0.00 90 105 25 34 44 90 104 105 107 121 122 CREF Stock Account 002 0 1 Proprietary Account - Stock n/a 41518 The investment seeks long-term total return. The fund invests in foreign stocks and other equity securities. It also may invest in fixed-income securities and money market instruments traded on foreign exchanges, in other foreign securities markets or privately placed. The fund invests a portion of its foreign investments in emerging market securities and, to a lesser extent, foreign small-cap equities. It intents to transition weightings of its holdings to be approximately 70-75% domestic equities and 25-30% foreign equities, with approximately 5% of the Account comprised of emerging market investments. 194408803 1089 1090 1091 1092 1093 08/01/1952 19.57 6.91 -27.61 -0.84 -1.04 9.43 0.00 90 105 25 34 44 49 90 104 105 121 122 Mutual Fund American Funds EuroPacific Growth Fund RERFX 035 0 1 Partner Funds - International R5 41518 The fund normally invests at least 80% of net assets in securities of issuers in Europe and the Pacific Basin that the investment adviser believes have the potential for growth. Growth stocks are stocks that the investment adviser believes have the potential for above-average capital appreciation. 298706839 1089 1090 1093 Foreign Large Blend RERFX 05/15/2002 22.41 12.77 -25.32 6.33 6.86 0.54 40 34 40 44 104 107 121 122 T. Rowe Price Growth Stock Fund TRSAX 396 0 1 Non-Proprietary Funds - Equity Advisor 41518 The investment seeks long-term growth of capital; income is secondary. The fund normally invests at least 80% of assets in the common stocks of a diversified group of growth companies. It mostly seeks investments in companies that have the ability to pay increasing dividends through strong cash flow. The fund generally looks for companies with an above-average rate of earnings growth and a lucrative niche in the economy. While it invests most assets in U.S. common stocks, the fund may also purchase other securities including foreign stocks, futures, and options. 741479208 1089 1090 1092 1093 Large Growth TRSAX 12/31/2001 14.88 15.06 -26.26 -1.04 -0.29 0.94 40 34 40 44 49 104 121 122 TIAA-CREF International Equity Index Fund TRIEX 027 0 1 Proprietary Funds - International Retirement 41518 The investment seeks a favorable long-term total return. The fund invests primarily in a portfolio of foreign equity investments based on a market index. Its benchmark is MSCI EAFE index. 87244W490 1089 1090 1092 1093 Foreign Large Blend TRIEX 10/01/2002 25.23 6.37 -30.98 2.12 8.05 0.36 34 44 104 107 121 122 131 TIAA-CREF Large-Cap Value Fund TRLCX 014 0 1 Proprietary Funds - Equity Retirement 41518 The investment seeks a favorable long-term total return. The fund uses the dual investment management strategy and invests at least 80% of assets in equity securities of large domestic companies, as defined by the Russell 1000 Value index, that appear undervalued by the market based on our evaluation of their potential worth. It may invest up to 20% of total assets in foreign investments. 87244W722 1089 1090 1091 1092 1093 Large Value TRLCX 10/01/2002 22.81 7.05 -23.86 -1.37 4.90 0.74 34 44 49 104 121 122 TIAA-CREF Mid-Cap Growth Fund TRGMX 015 0 1 Proprietary Funds - Equity Retirement 41518 The investment seeks a favorable long-term total return. The fund normally invests at least 80% of net assets in mid-cap equity securities. It invests primarily in equity securities of medium-sized domestic companies, as defined by the fund’s benchmark index (the Russell Mid-cap Growth index). The fund may invest up to 20% of total assets in foreign investments. 87244W888 1089 1090 1091 1092 1093 Mid-Cap Growth TRGMX 10/01/2002 19.75 16.19 -32.95 -0.99 6.78 0.81 34 44 49 104 121 122 TIAA-CREF Mid-Cap Value Fund TRVRX 016 0 1 Proprietary Funds - Equity Retirement 41518 The investment seeks a favorable long-term total return. The fund normally invests at least 80% of assets in mid-cap equity securities. It invests primarily in equity securities of medium-sized domestic companies, as defined by the fund’s benchmark index (the Russell Mid-cap Value index). The fund may invest up to 20% of assets in foreign investments. 87244W854 1089 1090 1091 1092 1093 Mid-Cap Value TRVRX 10/01/2002 20.34 9.33 -28.67 1.44 8.52 0.77 34 44 49 104 121 122 TIAA-CREF Small-Cap Equity Fund TRSEX 028 0 1 Proprietary Funds - Equity Retirement 41518 The investment seeks a favorable long-term total return. The fund normally invests at least 80% of assets in small-cap equity securities. It invests primarily in equity securities of smaller domestic companies across a wide range of sectors, growth rates and valuations, that appear to have favorable prospects for significant long-term capital appreciation. 87244W821 1089 1090 1091 1092 1093 Small Blend TRSEX 10/01/2002 20.13 2.13 -26.18 -2.70 5.57 0.78 34 44 49 104 121 122 131 Real Estate Variable Annuity TIAA Real Estate Account 009 0 0 Proprietary Account - Money Market n/a 41518 The account seeks favorable long-term returns primarily through rental income and appreciation of real estate investments owned by the Account. The Account intends to invest between 70 percent to 85 percent of its assets directly in real estate or real estate-related investments. The account will invest the remaining portion of its assets in government and corporate debt securities, money market instruments and other cash equivalents, and, at times, stock of companies that do not primarily own or manage real estate. 878094200 1089 1090 1091 1092 1093 10/02/1995 -9.96 -17.49 -29.84 2.52 4.83 5.83 90 105 25 34 44 90 101 105 122 Fixed Income Variable Annuity CREF Bond Market Account 005 0 1 Proprietary Funds - Fixed Income n/a 41518 The investment seeks high current income consistent with capital preservation. The account invests at least 80% of assets in a broad range of debt securities. It invests majority of the assets in U.S. Treasury and Agency securities, corporate bonds and mortgage-backed or other asset-backed securities. 194408407 1089 1090 1091 1092 1093 03/01/1990 1.95 2.42 3.32 4.03 5.46 6.69 90 105 25 34 44 62 90 104 105 121 122 CREF Inflation-Linked Bond Account 010 0 1 Proprietary Funds - Fixed Income n/a 41518 The investment seeks a long-term rate of return that outpaces inflation. The fund invests at least 80% of assets in U.S. Treasury Inflation-Indexed Securities (TIIS). It can also invest in other inflation-indexed bonds issued or guaranteed by the U.S. government or its agencies, by corporations and other U.S. domiciled issuers as well as foreign governments. The fund may invest in money market instruments or other short-term securities. 194408506 1089 1090 1091 1092 1093 05/01/1997 0.43 4.62 -1.87 4.45 6.78 6.23 0.00 90 105 25 34 44 90 92 104 105 122 Mutual Fund Western Asset Core Plus Bond Portfolio WACIX 559 0 1 Partner Funds - Fixed Income FI 41518 The investment seeks to maximize total return, consistent with prudent investment management and liquidity needs. The fund invests in a portfolio of fixed income securities of various maturities and, under normal market conditions, invests at least 80% of net assets in debt and fixed income securities. It may also invest up to 25% of their respective total assets in the securities of non-U.S. issuers. The duration targets between 2.5 and 7 years. 957663602 1089 1090 1092 1093 Intermediate-Term Bond WACIX 01/08/2002 11.11 9.83 3.07 3.18 4.49 0.85 40 34 40 44 62 104 121 122 Money Market Variable Annuity CREF Money Market Account 003 0 1 Proprietary Account - Money Market n/a 41518 The investment seeks high current income consistent with maintaining liquidity and preserving capital. The fund invests at least 95% of assets in money market instruments that at the time of purchase are first tier securities. It may invest up to 5% of assets in second tier securities and up to 30% of assets in money market and debt instruments of foreign issuers denominated in U.S. dollars. The dollar-weighted average maturity of the fund will be less than 90 days. 194408704 1089 1090 1091 1092 1093 04/01/1988 0.00 0.11 1.20 3.14 3.12 4.51 0.00 78 90 105 25 30 34 44 78 90 104 105 108 121 122 Guaranteed Guaranteed Annuity TIAA Traditional Account 001 0 0 Proprietary Account - Money Market n/a 41518 The TIAA Traditional Annuity guarantees principal and a specified interest rate (based on TIAA's claims paying ability). It also offers the potential for greater growth through additional amounts, which may be declared on a year-by-year basis by the TIAA Board of Trustees. These additional amounts, when declared, remain in effect for the “declaration year” which begins each March 1.\n\nFor Retirement Annuity (RA) contracts, the TIAA annuity contract does not allow lump-sum cash withdrawals from the TIAA Traditional Annuity and transfers out must be spread over ten annual installments.\n\nFor Group Retirement Annuity (GRA) contracts, lump-sum withdrawals are available from the TIAA Traditional Annuity, subject to the terms of your employer plan, only within 120 days after termination of employment and are subject to a 2.5% surrender charge. All other withdrawals and all transfers from TIAA Traditional to any variable annuity accounts or mutual funds offered through TIAA-CREF within the plan or to approved alternate carriers within the plan must be spread over ten annual installments (or over five years for withdrawals after termination of employment).\n\nFor Retirement Choice Annuity (RC) contracts, subject to the terms of your employer’s plan, within 120 days after termination of employment, withdrawals from the TIAA Traditional Annuity may be made available in a lump sum. Such withdrawals are subject to a 2.5% surrender charge. At all other times, withdrawals and transfers from TIAA Traditional to any variable annuity accounts or mutual funds offered through TIAA-CREF within the plan or to approved alternate carriers within the plan from the TIAA Traditional Annuity must be spread over an 84-month period (7 years) in monthly systematic payments. 878094101 1089 1090 1091 1092 1093 5.65 4.92 6.25 3.65 90 105 26 32 90 101 105 122 Multi-Asset Variable Annuity CREF Social Choice Account 004 0 1 Proprietary Account - Social n/a 41518 The investment seeks total return consistent with certain social criteria. The fund invests in a diversified portfolio of equity, debt, and money-market securities. It normally invests 60% of assets in equities and 40% in debt securities. The fund invests in companies included in the KLD Broad Market Social index which is a subset of companies in the Russell 3000 index screened to eliminate companies that do not meet certain social criteria 194408605 1089 1090 1091 1092 1093 03/01/1990 12.36 5.21 -14.40 0.72 1.42 7.76 0.00 90 105 25 34 44 49 90 104 105 121 122 Mutual Fund TIAA-CREF Lifecycle Fund 2010 TCLEX 135 0 1 Proprietary Funds - Asset Allocation Retirement 41518 The investment seeks high total return through capital appreciation and income. The fund invests primarily in underlying funds according to an asset allocation strategy designed for investors planning to retire in or within a few years of 2010. It expects to allocate approximately 51.60% of assets to equity underlying funds and 48.40% of assets to fixed-income underlying funds. 87244W458 1089 1090 1091 1092 1093 Target Date 2000-2010 TCLEX 10/15/2004 10.87 4.97 -13.81 1.13 0.87 34 44 49 104 121 122 132 TIAA-CREF Lifecycle Fund 2015 TCLIX 136 0 1 Proprietary Funds - Asset Allocation Retirement 41518 The investment seeks high total return through capital appreciation and income. The fund invests in underlying funds according to an asset allocation strategy designed for investors planning to retire in or within a few years of 2015. It expects to approximately 59.60% of assets to equity underlying funds and 40.40% of assets to fixed-income underlying funds. 87244W441 1089 1090 1091 1092 1093 Target Date 2011-2015 TCLIX 10/15/2004 12.39 5.33 -16.22 0.71 0.89 34 44 49 104 121 122 132 TIAA-CREF Lifecycle Fund 2020 TCLTX 137 0 1 Proprietary Funds - Asset Allocation Retirement 41518 The investment seeks high total return through capital appreciation and income. The fund invests in underlying funds according to an asset allocation strategy designed for investors planning to retire in or within a few years of 2020. It expects to allocate approximately 67.60% of assets to equity underlying funds and 32.40% of assets to fixed-income underlying funds. 87244W433 1089 1090 1091 1092 1093 Target Date 2016-2020 TCLTX 10/15/2004 13.85 5.63 -18.80 0.04 0.92 34 44 49 104 121 122 132 TIAA-CREF Lifecycle Fund 2025 TCLFX 138 0 1 Proprietary Funds - Asset Allocation Retirement 41518 The investment seeks high total return through capital appreciation and income. The fund invests in underlying funds according to an asset allocation strategy designed for investors planning to retire in or within a few years of 2025. It expects to allocate approximately 75.60% of assets to equity underlying funds and 24.40% of assets to fixed-income underlying funds. 87244W425 1089 1090 1091 1092 1093 Target Date 2021-2025 TCLFX 10/15/2004 15.33 5.83 -21.25 -0.59 0.94 34 44 49 104 121 122 132 TIAA-CREF Lifecycle Fund 2030 TCLNX 139 0 1 Proprietary Funds - Asset Allocation Retirement 41518 The investment seeks high total return through capital appreciation and income. The fund invests in underlying funds according to an asset allocation strategy designed for investors planning to retire in or within a few years of 2030. It expects to allocate approximately 83.60% of assets to equity underlying funds and 16.40% of assets to fixed-income underlying funds. 87244W417 1089 1090 1091 1092 1093 Target Date 2026-2030 TCLNX 10/15/2004 16.62 5.91 -23.89 -1.31 0.96 34 44 49 104 121 122 132 TIAA-CREF Lifecycle Fund 2035 TCLRX 140 0 1 Proprietary Funds - Asset Allocation Retirement 41518 The investment seeks high total return through capital appreciation and income. The fund invests in underlying funds according to an asset allocation strategy designed for investors planning to retire in or within a few years of 2035. It expects to allocate approximately 90.0% of assets to equity underlying funds and 10.0% of assets to fixed-income underlying funds. 87244W391 1089 1090 1091 1092 1093 Target Date 2031-2035 TCLRX 10/15/2004 17.55 6.13 -25.36 -1.47 0.98 34 44 49 104 121 122 132 TIAA-CREF Lifecycle Fund 2040 TCLOX 141 0 1 Proprietary Funds - Asset Allocation Retirement 41518 The investment seeks high total return through capital appreciation and income. The fund invests in underlying funds according to an asset allocation strategy designed for investors planning to retire in or within a few years of 2040. It expects to allocate approximately 90.0% of assets to equity underlying funds and 10.0% of assets to fixed-income underlying funds. 87244W383 1089 1090 1091 1092 1093 Target Date 2036-2040 TCLOX 10/15/2004 17.54 6.15 -25.32 -1.07 0.95 34 44 49 104 121 122 132 Asset allocation risk is the risk that a fund or account that invests in other funds or accounts may not be able to invest according to its target allocations due to fluctuations in the value of the underlying funds or accounts, and that the selection of underlying funds or accounts and the allocations among them will result in the fund or account's underperformance versus similar funds or accounts or will cause an investor to lose money. Call risk is the risk that during periods of declining interest rates, an issuer of a bond may "call" (i.e., redeem) a high-yielding obligation before its maturity date. This often creates an unanticipated capital gain liability and requires the fund or account to reinvest the proceeds at the lower prevailing interest rate. Company risk is the risk that the earnings prospects and overall financial position of the issuer of a security will deteriorate, causing a decline in the security's value over short or extended periods of time. Credit risk (a type of company risk) is the risk that a decline in a company's overall financial soundness may make it unable to pay principal and interest on bonds when due. The fund will suffer a loss in connection with its use of derivatives such as options, futures contracts, and options on futures contracts if securities prices do not move in the direction anticipated by the fund's advisor when entering into the derivative instruments. Extension risk is the risk of decline in value for certain fixed-income securities because principal payments are not made as early as possible. Foreign investment risks are the risks of investing in securities of foreign issuers, in securities or contracts traded on foreign exchanges or in foreign markets, or in securities or contracts payable in foreign currency. Foreign investing involves special risks, including erratic market conditions, economic and political instability, and fluctuations in currency exchange rates. These investment risks may be magnified in emerging markets. Growth investing risks include the risk that, due to their relatively high valuations, growth stocks will be more volatile than value stocks. In addition, because the value of growth companies is generally a function of their expected earnings growth, there is a risk that such earnings growth may not occur or cannot be sustained. Illiquid security risk is the risk that investments in illiquid securities may be difficult to sell for their fair market value. Income volatility risk is the risk that the level of current income from a portfolio of fixed-income securities may decline in certain interest rate environments. Index risk is the risk that the performance of a fund or account will not match the performance of its index for any period of time. Although a fund or account attempts to closely track the investment performance of the index, the fund or account may not duplicate the composition of this index. In addition, its performance, unlike that of its index, is affected by investment and other operating expenses. Interest rate risk (a type of market risk) is the risk that bond prices or the income of a fund or account may decline if interest rates change. Large-cap risk is the risk that, by focusing on investments in securities of larger companies, a fund or account may have fewer opportunities to identify securities that the market misprices. In addition, larger companies may grow more slowly than the economy as a whole or not at all. Manager risk is the chance that poor security selection will cause the Fund to underperform relevant benchmarks or other funds with a similar investment objective. Market risk is the risk that the price of securities may decline in response to general market and economic conditions or events. Mid-cap risk is the risk that the securities of medium-sized companies will be more volatile than those of larger companies. In addition, the securities of medium-sized companies may be harder to buy or sell than those of larger, more established, companies. Prepayment and extension risk is the risk of a decline for certain fixed-income securities that allow for the early prepayment of principal, and the risk that a fund or account's income will decline as a result of the prepayment. Real estate investing risks are the risks associated with real estate ownership, including fluctuations in property values, higher expenses or lower income than expected, and potential environmental problems and liability. Real estate securities risk is the risk that a fund that concentrates its investments in real estate securities and holds securities of relatively few issuers may experience greater fluctuations in value and be subject to a greater risk of loss than other mutual funds. Reorganization risk is the risk that stocks of companies involved in reorganizations and other special situations can involve more risk than ordinary securities. Accordingly, the performance of a fund or account that invests in such companies is often more volatile than the performance of the overall stock market, and the fund or account could significantly outperform or underperform the stock market during any particular period. Risk of socially screened investing is the possibility that funds or accounts whose social screens exclude some investments may not be able to take advantage of the same opportunities or market trends as funds or accounts that do not use such criteria. Risks of inflation-indexed bonds include the risk that market values of inflation-indexed bonds can be affected by changes in investors' inflation expectations or changes in "real" rates of interest (i.e., a security's return above the inflation rate). Also, the inflation index that a bond is intended to track may not accurately reflect the true rate of inflation. If the market perceives that an index does not accurately reflect inflation, the market value of inflation-indexed bonds could be adversely affected. In addition, an investment in a fund or account that invests in inflation-indexed bonds is subject to certain special tax considerations. Small-cap risk is the risk that the securities of smaller companies may experience steeper fluctuations in price than those of larger companies. These securities may also have to be sold at a discount from their current market prices or in small lots over an extended period. Small-cap/mid-cap risk is the risk that smaller company securities may experience steeper fluctuations in price than the securities of larger companies. They may also have to be sold at a discount from their current market prices or in small lots over an extended period, since they may be harder to sell than larger-cap securities. Style risk is the risk that a fund or account's growth investing or value investing style may be out of favor in the marketplace for various periods of time. Value investing risks are the risks that (1) the issuer's potential business prospects may not be realized; (2) the securities' potential values may never be recognized by the market; and (3) due to unanticipated problems associated with the issuer or industry, the securities were appropriately priced (or overpriced) when acquired. Data Provided by Morningstar, Inc. © 2009 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. The comparative indices used for all mutual funds and accounts have been provided by Morningstar, Inc. and may not match those that appear in other websites or publications. The returns quoted represent past performance, which is no guarantee of future results. Returns and the principal value of your investment will fluctuate. Current performance may be higher or lower than that shown above, and you may have a gain or a loss when you redeem your mutual fund shares/annuity account accumulation units. For current performance information, including performance to the most recent month-end, call 800 TIAA-CREF (800 842-2273). 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. You should consider the investment objectives, risks, charges and expenses carefully before investing. Please call 877-518-9161, or go to tiaa-cref.org for a current prospectus that contains this and other information. Please read the prospectus carefully before investing. TIAA-CREF products may be subject to market and other risk factors. See the applicable product literature, or visit www.tiaa-cref.org for details. An investment in the CREF Money Market Account is not a deposit of any bank and is neither insured nor guaranteed by the Federal Deposit Insurance Corporation or any other U.S. government agency. The 7-day money market yield listed more closely reflects the current earnings of the money market annuity account than does the total return. For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating®based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics. [Insert name of fund] was rated against the following numbers of U.S.-domiciled [insert name of category] funds over the following time periods: [insert number of funds in category during prior 3-year period] funds in the last three years, [insert number of funds in category during the prior 5-year period] funds in the last five years, and [insert number of funds in category during the prior 10-year period] funds in the last ten years. With respect to these [insert name of category] funds, [insert name of fund] received a Morningstar Rating of [insert number of stars for 3-year rating] stars, [insert number of stars for 5-year rating] stars and [insert number of stars for 10-year rating] stars for the three-, five- and ten-year periods, respectively. All CREF accounts estimate expenses each year based on projected expense and asset levels. Differences between actual expenses and the estimate are adjusted quarterly and are reflected in current investment results. Historically, adjustments have been small. The TIAA Traditional Annuity guarantees principal and a specified interest rate (based upon TIAA's claims-paying ability). It also offers the potential for greater growth through additional amounts, which may be declared on a year-by-year basis by the TIAA Board of Trustees. If you have an RA contract, the TIAA annuity contract does not allow lump-sum cash withdrawals from the TIAA Traditional Annuity and transfers must be spread over a ten-year period. If you have a GRA contract, lump-sum withdrawals are available from the TIAA Traditional Annuity only within 120 days after termination of employment and are subject to a surrender charge. All other withdrawals and all transfers to the Real Estate Account or to CREF must be spread over ten annual installments (five years for withdrawals after termination of employment). Performance shown for the Retirement Class shares of the International Equity Fund was impacted by a misallocation of income and net capital gains among the Fund's share classes. If this misallocation had not occurred, the three-month and year-to-date returns would have been 1.19% and 18.76, respectively; the one-year, five-year, and since inception average annual total returns would have been 18.76%, 23.52, and 23.54%, respectively. Shareholders who owned Retirement Class shares on or before May 25, 2006, who were negatively impacted by this misallocation by more than $10, have been made whole through direct payments by Teachers Advisors, Inc. For additional information please contact our Telephone Counseling Center at 800 927-3059. Interest credited to TIAA Traditional Annuities includes a guaranteed rate of between 1% and 3%, plus any additional amounts that are established on a year-by-year basis. The additional amounts, when declared, remain in effect through the "declaration year," which begins each March 1. Accumulations in mutual funds not managed by TIAA-CREF may be subject to administrative charges. These charges are subject to change. Please review current documents related to your plan. The S&P 500 Index is a market-capitalization-weighted index of the 500 leading companies in major industries of the U.S. economy. You cannot invest directly in this index. S&P 500 is a registered trademark and service mark of the McGraw-Hill Companies. The Lehman Brothers U.S. Aggregate Index measures the performance of the U.S. investment-grade, fixed-rate bond market, including government and credit securities, agency mortgage pass-through securities, asset-backed securities, and commercial mortgage-backed securities. You cannot invest directly in this index. Annuity contracts and certificates are issued by Teachers Insurance and Annuity Association (TIAA) and College Retirement Equities Fund (CREF), New York, NY. The Lehman Brothers U.S. TIPS (Treasury Inflation-Protected Securities) Index measures the performance of fixed-income securities with fixed-rate coupon payments that adjust for inflation as measured by the Consumer Price Index for All Urban Consumers. You cannot invest directly in this index. All displayed performance and statistical data have been compiled by TIAA-CREF. Annuities are designed for retirement savings or for other long-term goals. They offer several payment options, including lifetime income. Payments from TIAA and CREF variable annuities are not guaranteed, and the payment amounts will rise or fall depending on investment returns. Mutual funds do not offer the range of income options available through annuities. Listed for foreign stock funds (EAFE refers to Europe, Australasia, and Far East). Widely accepted as a benchmark for international stock performance, the EAFE Index is an aggregate of 21 individual country indexes that collectively represent many of the major markets of the world. Ndtr_D (Net Dividends Total Returns in Dollars) indexes are calculated daily and take into account actual dividends reinvested daily before withholding taxes, but exclude special tax credits declared by companies. In addition, Ndtr_D indexes subtract withholding taxes retained at the source, for foreigners who do not benefit from a double taxation treaty. The returns we publish for the index are total returns, which include reinvestment of dividends. For more information, visit the MSCI website or call MSCI at 212 762 5790. MSCI also has a site containing performance data for its indexes. Three-month T-bills are government-backed short-term investments considered to be risk-free and as good as cash because the maturity is only three months. Morningstar collects yields on the T-bill on a weekly basis from The Wall Street Journal. You will be charged a 2.00% fee of the amount redeemed or exchanged out of the fund within 60 calendar days of the initial purchase date. Please see the prospectus for details about this redemption fee and certain exemptions that may apply. The above performance data does not reflect the deduction of the redemption fee, and if reflected, the fee would reduce the performance quoted. As Target Retirement Date Funds are actively managed, their asset allocations are subject to change and may vary from those indicated. They invest in many underlying funds and are exposed to the risks of different areas of the market. The higher a fund’s allocation to stocks, the greater the risk. After the target date has been reached, some of these funds may be merged into a fund with a more stable asset allocation. In addition to the fund level expenses these funds are also subject to the expenses of their underlying investments. Please consult the prospectus for more complete information. 7856 Enrollment Forms Return Address TIAA-CREF 370 17th Street Suite 200 Denver CO US 80202 OFFICE 1 1 Retirement Annuity (RA) Contract Form Series 1000.24 Group Supplemental Retirement Annuity (GSRA) Contract Form Series 1250.01 (not available in all states) Group Supplemental Retirement (GSRA) Annuity contract form series G1250.1 (not available in all states).