Contributory Retirement Plan

You must name a beneficiary who will receive death benefits, if any, from CRP. Keep in mind:

You name your beneficiary on your TIAA-CREF and Vanguard enrollment forms.

If you are married, your spouse automatically is your beneficiary unless your spouse gives his or her written and notarized consent for you to name someone else. Also, you may not name multiple beneficiaries unless your spouse gives his or her written and notarized consent for you to waive any spousal death benefits. You generally must be at least 35 years old or have terminated employment before you can designate a beneficiary other than your spouse or before you can waive spousal death benefits under CRP.

If you do not name a beneficiary, your beneficiary will be your spouse (if you are married) or your estate (if you are not married).

You should review your beneficiary designation from time to time to keep it current. If your beneficiary dies before you or if your circumstances change as a result of marriage or divorce, you may be left with no beneficiary or an inappropriate beneficiary.

While this Summary Plan Description summarizes the major provisions of this plan, it does not provide you with every plan detail. The plan documents, which govern this plan, provide full details. If there are any discrepancies between this Summary Plan Description and the legal plan documents, the legal plan documents control.