By Michael Souza
PBN Staff Writer
PROVIDENCE – TIAA-CREF, a leading financial services provider with more than 60 offices nationwide, has opened its newest office, located at Gateway Center, Suite 102, 15 Park Row West, Providence. In late February 2012, the R.I. State Investment Commission chose TIAA-CREF to manage the new 401(k)-style defined-contribution pension plan for public-sector workers as part of the recent pension system overhaul. The company manages assets for more than 24,000 Rhode Island residents and administers plans for 213 nonprofit educational, research and health care institutions in the state, including Brown University, the University of Rhode Island and Rhode Island College.
With the launch of the Rhode to Retirement Program, TIAA-CREF has expanded its emphasis on helping its clients build retirement readiness and financial well-being to 30,000 additional Rhode Island public employees who participate in the new program.
For those unfamiliar with the company, TIAA-CREF is a national financial services organization with $481 billion in assets under management and is a provider of retirement services in the academic, research, medical and cultural fields.