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Resources developed to support strategic planning and decision-making by higher education leaders. The Series on Higher Education includes forums, DVDs, books, and other publications focused specifically on issues of critical importance to colleges and universities.
The Private and Social Benefits of Higher Education
Systematically identifying and estimating the economic value of the private and societal benefits of higher education offers a framework for better analyzing policy issues of access, affordability, accountability, state support and privatization. This paper presents highlights from the author’s book Higher Learning, Greater Good: The Private and Social Benefits of Higher Education.
(Author: Walter W. McMahon, University of Illinois at Urbana-Champaign)
Resources developed to help individuals and their advisors make better financial and strategic decisions for themselves and/or their institutions. The Series on Financial Security includes forums and publications focused specifically on issues related to financial planning for retirement and other goals, employer-provided retirement plans and other benefits, and other issues that affect budgets and balance sheets.
How TIAA-CREF Funded Plans Differ from a Typical 401(k) Plan
This paper presents and examines the design differences between TIAA-CREF funded plans and typical 401(k) plans. An understanding of the differences can inform decisions about reforming the 401(k) system and reshaping employer-provided 401(k)s. The emphasis in the design of plans funded with TIAA-CREF annuities has been to generate and provide an adequate and secure retirement income for plan participants – an increasingly important goal in light of current fiscal realities.
(Author: John H. Biggs, New York University and TIAA-CREF Institute Fellow)
The Use and Impact of Advice Among Near-Retirees
This report explores the use of financial advisors by near-retirees in higher education, the topics typically covered in such consultations as well as the topics considered particularly important, the perception and implementation of advice received, and the impact of working with an advisor. The findings are from a TIAA-CREF Institute survey of college and university employees age 50 – 70 who are saving for retirement.
(Author: Paul Yakoboski, TIAA-CREF Institute)
How Do Research University Activities Contribute to Broad-Based Economic Development?
This is a technical paper that seeks to deepen understanding of the extent to which research university activities contribute to regional economic development by quantifying the extent and magnitude of “agglomeration spillovers.” The researchers use a strategy to measure causal spillover effects on the economy based on shocks to the research institution’s endowment returns. Results show that university activity does generate spillovers to local firms and workers, but the estimated effects are quite modest.
(Author: Shawn Kantor, University of California, Merced, NBER and TIAA-CREF Institute Fellow; Alexander Whalley, University of California, Merced and NBER)
Are Administrators Prepared to Meet the New Regulatory Requirements?
In July 2007, the IRS issued the first comprehensive guidance for 403(b) DC pension plans in more than 40 years. Additional regulations on Form 5500 reporting have been issued by the Department of Labor (DOL) within the past two years that also impact 403(b) plan administration. Several of the regulations have major consequences for 403(b) plan sponsors. This paper presents findings from a TIAA-CREF survey of more than 400 plan administrators at not-for-profit and governmental institutions with 403(b) plans to better understand the effect of the new regulations on plan compliance.
(Author: David Richardson, TIAA-CREF Institute and Paul Gallagher, TIAA-CREF)
TIAA-CREF Theodore M. Hesburgh Award for Leadership Excellence
Named in honor of President Emeritus of the University of Notre Dame and former member of the TIAA-CREF Boards of Overseers, this award recognizes exemplary leadership, commitment to higher education and contributions to the greater good. It is presented to a current college or university president or chancellor during the annual meeting of the American Council on Education. Winners are selected by an independent panel of distinguished judges.
Congratulations to the 2010 Winner:
William E. Kirwan, Chancellor, University System of Maryland
Kirwan’s exemplary leadership is evident in the collaborative partnerships he has established between the University System of Maryland and the state’s leaders. His efforts have produced notable results including increased state funding. Kirwan’s Effectiveness and Efficiency initiative has emerged as a national model for controlling costs in higher education without compromising quality. It is a compelling success story. (Press Release) Click here to hear Father Hesburgh and Dr. Kirwan share insights about leadership excellence. This video was shown during the presentation of the award to Dr. Kirwan on March 8.
TIAA-CREF Paul A. Samuelson Award for Outstanding Scholarly Writing on Lifelong Financial Security
2010 CALL FOR SUBMISSIONS
Named in honor of MIT Professor Emeritus, Nobel Laureate and former CREF Trustee, this award is presented annually in recognition of an outstanding research publication containing ideas that the public and private sectors can use to maintain and improve the financial well being of individuals and their families.
The TIAA-CREF Institute invites you to submit an entry. Submissions may be theoretical or empirical in nature, but must cover a subject directly relevant to lifelong financial security. The research must be in a book or article form and must have been published between January 1, 2009 and June 30, 2010. Submissions must be received by the TIAA-CREF Institute no later than September 3, 2010. For information on how to apply, click here.
The TIAA-CREF Institute Fellows Program builds an alliance with thought leaders in key areas of focus for the Institute, to help the Institute carry out its mission. Institute initiatives undertaken in partnership with Fellows help inform strategic decisions on campus and business planning within TIAA-CREF. Welcome to new TIAA-CREF Institute Fellows:
Teresa Sullivan, TIAA-CREF Institute Fellow will become the University of Virginia’s eighth president on August 1. She currently serves as the University of Michigan’s provost and executive vice president for academic affairs and is a leading scholar in labor force demography.
Several featured speakers from the Institute’s 2009 Higher Education Leadership Conference were recently named among Time magazine’s Top 10 Best College Presidents. They are The Ohio State University President Gordon Gee, Arizona State University President Michael Crow and Miami Dade College President Eduardo Padrón.
Higher Education in a Global Society
Part of the TIAA-CREF Institute Series on Higher Education, this book is based on the TIAA-CREF Institute 2008 Higher Education Leadership Conference.
The book’s editors are D. Bruce Johnstone, Distinguished Service Professor of Higher and Comparative Education Emeritus, The State University of New York at Buffalo, Madeleine d’Ambrosio, Vice President, TIAA-CREF Institute, and Paul Yakoboski, Principal Research Fellow, TIAA-CREF Institute. The book examines opportunities for and challenges in advancing higher education across borders to promote international collaboration and strengthen the global economy.
To request a copy of this book, please send a message with your mailing address to aollen@tiaa-cref.org.
Other books in the Series available to you include:
Generational Shockwaves – Implications for Higher Education
The New Balancing Act in the Business of Higher Education
Supplies are limited and will be provided on a first come, first served basis. Please specify which book(s) you would like to receive.
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The TIAA-CREF Institute Fellows Brochure Download PDF
