Memorandum of Agreement between Carnegie Corporation of New York and Teachers Insurance and Annuity Association of America as to Professors Annuities. Cover

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Memorandum of Agreement between Carnegie Corporation of New York and Teachers Insurance and Annuity Association of America as to Professors Annuities. Cover

 

 

Name:
Carnegie Corporation of New York (Author)
Title:
Memorandum of Agreement between Carnegie Corporation of New York and Teachers Insurance and Annuity Association of America as to Professors Annuities. Cover
Abstract:
By 1917, the CFAT trustees, after an extensive study, concluded that a pension system paid out of income at no cost to the beneficiary was expensive beyond all estimates and anticipation. In 1917-1918, under an arrangement negotiated by Andrew Carnegie and the CFAT the CCNY gave $1 million to found the Teachers Insurance Annuity Association of America, an occupation-wide contributory plan, believed by some to embody more closely Carnegie’s original vision of the teachers’ pension plan. The nonprofit stock of the association, now called TIAA-CREF was owned outright by the Corporation until 1938, when it was transferred to an independent board of trustees. CCNY continued to support TIAA with grants until 1957.
Collection Name:
Carnegie Corporation of New York Records
Archival Context:
Series III. Grants. III.B. Reports on Grants, 1911-1983. Box no. 124
Subjects:
Education, Higher; Universities and colleges; Arts; Carnegie Foundation for the Advancement of Teaching‏; Teachers Insurance and Annuity Association
Format:
pamphlets
Genre:
pamphlets
Origin Information:
New York (N.Y.), 1929-03-28.
Language:
English
Library Location:
Rare Book & Manuscript Library, Columbia University
Digital Project:
Carnegie Digital Past and Future
Persistent URL:
https://dx.doi.org/10.7916/d8-8hwe-bq93