TIAA-CREF's Roger Ferguson to Receive Visionary Award from Council for Economic Education

New York, October 29, 2009

TIAA-CREF’s chief executive Roger Ferguson will be among four recipients of The Council for Economic Education’s 2009 Visionary Award at a dinner this evening in New York City.

Mr. Ferguson will receive the award for championing economic empowerment through his leadership of TIAA-CREF, America’s largest private retirement system, and his public service as a member of President Obama’s Economic Recovery Advisory Board and a former Vice Chairman of The Board of Governors of the U.S. Federal Reserve System.

"The economic shocks of the past year underscore the significance of economic empowerment, which includes helping Americans enjoy greater financial security in retirement," said Mr. Ferguson. "Financial education is the foundation of a stronger economy. I am honored to receive this award, which recognizes that financial education is the foundation of lifetime security and a stronger economy."

In addition to Mr. Ferguson, this year’s honorees are two-time Emmy Award-winning television host and author Suze Orman; Charles Schwab, founder and chairman of The Charles Schwab Corporation; and Gary Stern, former President and CEO of The Federal Reserve Bank of Minneapolis.

About TIAA-CREF

TIAA-CREF (www.tiaa-cref.org) is a national financial services organization with $402 billion in combined assets under management (as of 9/30/09) and is the leading provider of retirement services in the academic, research, medical and cultural fields.

TIAA-CREF Individual & Institutional Services, LLC, and Teachers Personal Investors Services, Inc., Members FINRA, distribute securities products.