The Human Resources Committee of TIAA's Board of Trustees publishes an annual review of executive compensation for the company's Chief Executive Officer, Chief Financial Officer and three highest-paid executives and principal officers. Even though as a non-public entity we are exempt from reporting this information, we do so because we feel it is the right thing to do.
The financial interests of our participants are best served by our maintaining compensation levels that enable us to recruit and retain highly qualified executive, professional, and investment employees. This overview of TIAA's executive compensation policy seeks to inform participants about the way compensation decisions are made and considerations that influence the decisions of TIAA's Board of Trustees in this important area.
Consistent with our ongoing commitment to transparency and to operating in the interest of our participants, we are disclosing compensation for Roger W. Ferguson, Jr., President and CEO of TIAA and CREF. Mr. Ferguson's compensation is targeted at the approximate median of CEO compensation of companies of similar size and complexity in the asset management and insurance industries.
Ronald L. Thompson
TIAA Human Resources Committee
An Overview of Teachers Insurance and Annuity Association of America's Executive Compensation Policy (PDF)
Download a copy of Mr. Ferguson's Employment Agreement (PDF) and Compensation Update Letter. (PDF)
© 2009 and prior years, Teachers Insurance and Annuity Association - College Retirement Equities Fund (TIAA-CREF), New York, NY 10017
