Executive Compensation Policy

The Human Resources Committee of TIAA’s Board of Trustees publishes, on an annual basis, a compensation discussion and analysis, which describes the executive compensation policy of TIAA and the TIAA Trustee compensation program. Although TIAA is not subject to the regulations governing public company executive compensation disclosure, we do so voluntarily for the benefit of TIAA’s participants.

TIAA’s compensation policies and programs are designed to enable the company to attract, retain, motivate and reward employees who possess the knowledge and experience we need to conduct our business. Furthermore, this disclosure has been designed to provide participants with a comprehensive picture of both the rationale behind executive compensation decisions and the manner in which those decisions are made.

Consistent with our ongoing commitment to transparency and to operating in the interest of our participants, we are disclosing the employment agreement, including the compensation, for Roger W. Ferguson, Jr., President and CEO of TIAA and CREF.

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)