College Pension Funds: A 50+ Year Comparison of TIAA and CREF

Authors

Michael E. Benefield, Arkansas Tech University
Joseph L. Moore, Arkansas Tech University

Document Type

Article

Publication Date

Fall 2007

Department

School of Business

Abstract

The objectives of this paper are fourfold: 1) To compare the long-run performance of the two funds; 2) To question the conclusion of an article by Ralph Gallay that appeared in the Spring 1980 AACSB Bulletin entitled “College Pension Funds: A 27 Year Comparison of TIAA and CREF”. (One of the conclusions of this earlier article was that over the life of the CREF Pension Fund, with the exception of only a few years, the plan in general has been outperformed by its original co-fund, TIAA); 3) To compare the CREF Fund to the Standard and Poor's 500 Index; and; 4) To compare TIAA to Treasury Bill rates.

Volume

6

Issue

1

ISSN

24760226

Recommended Citation

Benefield, M. E., & Moore, J. L. (2007). College Pension Funds: A 50+ Year Comparison of TIAA and CREF. Journal of Business Administration Online, 6(1).