Chapel Hill-Carrboro City Schools Selects TIAA-
CREF as 403(b) Provider
Provides 403(b) Compliance Services for City; Objective Investment Advice for Employees
August 17, 2010 09:49 AM Eastern Daylight Time
NEW YORK--(EON: Enhanced Online News)--TIAA-CREF today announced it has been selected by the Chapel
Hill-Carrboro City Schools in North Carolina as a 403(b) retirement plan provider.
“In reevaluating our retirement plan, it was important to us to find a service to help us simplify administration, even
with a reduced number of providers,” said Ruby Pittman, Executive Director of Budget and Finance, Chapel Hill-
Carrboro City Schools. “We wanted to ensure our employees had access to high-quality investment advice from
local, fee-based Registered Investment Advisors (RIAs) with expertise in 403(b) plans. By adding TIAA-CREF we
will be able to help both our participants and the RIAs with who they choose to work.”
“We look forward to working closely with Chapel Hill to provide teachers with low-cost, high quality investment
options from TIAA-CREF and other providers along with advice and education services from fee-based registered
investment advisors to help them seek a safe and secure retirement,” said Bruce Corcoran, Managing Director, K-
12 Market, TIAA-CREF.
Chapel Hill-Carrboro City Schools’ 1,500 eligible employees will have access to investment advice through Verity
Investments, a fee-based RIA located in Durham, NC, well-versed on TIAA-CREF’s products, and an expanded
line-up of investment options from TIAA-CREF and other providers.
“Objective investment advice can help employees make better long-term investment decisions and help them
maximize the income they can draw on in retirement,” said Amy L. Simonson, AIF®, Vice President, Finance &
Operations, Verity Investments. “We are pleased to work with partners that also value objective advice for
retirement plan participants, which we can offer through our fee-based model.”
Chapel Hill-Carrboro City Schools has also selected