Common use of Benefits based on incorrect data Clause in Contracts

Benefits based on incorrect data. If the amount of benefits is determined by data as to a person's age or sex that is incorrect, benefits will be recalculated on the basis of the correct data. If any overpayments or underpayments have been made by CREF, adjustments will be made in accordance with the Rules of the Fund.

Appears in 3 contracts

Samples: Retirement Annuity Contract (College Retirement Equities Fund), Retirement Annuity Contract (College Retirement Equities Fund), Retirement Select Contract (College Retirement Equities Fund)

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Benefits based on incorrect data. If the amount of benefits is determined by data as to a person's ’s age or sex that is incorrect, benefits will be recalculated on the basis of the correct data. If any overpayments or underpayments have been made by CREF, adjustments will be made in accordance with the Rules of the Fund.

Appears in 3 contracts

Samples: Retirement Choice Annuity Contract (College Retirement Equities Fund), Retirement Choice Plus Annuity Contract (College Retirement Equities Fund), Retirement Choice Plus Annuity Contract (College Retirement Equities Fund)

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