Participant Loans

You may obtain participant loans under CRP while employed by the University. CRP’s participant loan program is administered by TIAA-CREF, and all loans from CRP are subject to the rules and requirements set forth in the TIAA-CREF Retirement Plan Loans pamphlet. If your retirement savings account is invested with Vanguard, you must transfer the necessary amount of funds to TIAA-CREF before you can take advantage of CRP’s participant loan program. A brief summary of CRP’s participant loan program is provided below.

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.