Internal transfers from CREF Clause Samples
The "Internal transfers from CREF" clause governs the process by which funds or assets can be moved internally within accounts or sub-accounts managed by CREF (College Retirement Equities Fund). Typically, this clause outlines the conditions, procedures, and any restrictions for transferring investments between different CREF investment options or products without requiring external withdrawal or re-deposit. For example, a participant may shift balances from a CREF Stock Account to a CREF Bond Market Account as part of their investment strategy. The core function of this clause is to facilitate flexibility and efficiency in managing retirement assets, while ensuring compliance with plan rules and minimizing administrative complexity.
Internal transfers from CREF. In accordance with and to the extent permitted by the terms of the employer plan, an employee may transfer from his or her accumulation in a companion CREF contract, if any, to this contract. Any internal transfer from CREF is subject to the terms of the companion CREF contract and CREF's Rules of the Fund. TIAA reserves the right to stop accepting or to limit internal transfers to the Traditional Annuity and/or internal transfers to the Real Estate Account at any time.
Internal transfers from CREF. If you have an accumulation in a companion CREF certificate, you may transfer from that certificate to this certificate. Any internal transfer from CREF is subject to the terms of your companion CREF certificate and CREF's Rules of the Fund. Your employer plan may limit your right to transfer to the Traditional Annuity and/or to the Real Estate Account. TIAA reserves the right to stop accepting internal transfers to the Traditional Annuity and/or internal transfers to the Real Estate Account at any time.