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

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

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