WASHINGTON–(BUSINESS WIRE)–Roger W. Ferguson, Jr., president and CEO of TIAA, released the
following statement regarding the House of Representatives’ passage of
the Setting Every Community Up for Retirement (SECURE) Act:
“TIAA applauds the House of Representatives for bipartisan passage of
the SECURE Act, a significant step toward advancing much-needed
modernization of the American retirement system.
“If signed into law, this legislation will holistically improve the
retirement landscape for millions of retirees now and in the future. It
will ensure that retirement plans cover more Americans and that they can
save enough in such plans to fund sufficiently their retirement.
Critically, it will improve access to guaranteed lifetime income
solutions in employer-sponsored retirement plans – helping more
Americans guard against outliving their savings – at a time when many
are living longer in retirement and stretching the social safety net.
“TIAA is especially grateful for the leadership of Ways and Means
Chairman Richard Neal and Ranking Member Kevin Brady for making this
important legislation a reality. We urge the Senate to sustain momentum
and take prompt action to help more Americans realize a financially
secure retirement.”
About TIAA
With an award-winning1 track record for consistent investment
performance, TIAA (TIAA.org) is the leading provider of financial
services in the academic, research, medical, cultural and government
fields. TIAA has $1 trillion in assets under management (as of 3/31/20192)
and offers a wide range of financial solutions, including investing,
banking, advice and education, and retirement services.
1 The Lipper Mixed-Assets Large Fund Award is given to the group with
the lowest average decile ranking of three years’ Consistent Return for
eligible funds over the three-year period ended 11/30/15 (against 39
fund families), 11/30/16 (36), 11/30/17 (35) and 11/30/18 (35). Note
this award pertains to mixed-assets mutual funds within the TIAA-CREF
group of mutual funds; other funds distributed by Nuveen Securities were
not included. From Thomson Reuters Lipper Awards, © 2019 Thomson
Reuters. All rights reserved. Used by permission and protected by the
Copyright Laws of the United States. The printing, copying,
redistribution, or retransmission of this Content without express
written permission is prohibited. Certain funds have fee waivers in
effect. Without such waivers ratings could be lower. Past performance
does not guarantee future results. For current performance, rankings and
prospectuses, please visit the Research and Performance section on
TIAA.org. The investment advisory services, strategies and expertise of
TIAA Investments, a division of Nuveen, are provided by Teachers
Advisors, LLC and TIAA-CREF Investment Management, LLC. TIAA-CREF
Individual & Institutional Services, LLC, Teachers Personal Investors
Services, Inc., and Nuveen Securities, LLC, Members FINRA and SIPC,
distribute securities products.
2 Based on $1.026 trillion of assets under management across Nuveen
Investments affiliates and TIAA investment management teams as of
3/31/19.
©2019 Teachers Insurance and Annuity Association of America-College
Retirement Equities Fund, New York, NY 10017
855674
Contacts
Press contact
Mike Tetuan
888-200-4062
[email protected]
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