The following was on an Internet website (not TIAA-CREF)-TIAA-CREF disclosed that it had shortchanged roughly 30,000 investors in the retirement share class of TIAA-CREF Institutional International Equity (TRERX). In a filing with the SEC, the firm said it wrongly allocated income and capital gains between share classes of the fund on May 26, 2006, leaving retirement share class holders with lower returns than they would have had otherwise. TIAA-CREF says it will compensate investors who lost more than $10 by this November. The firm has not provided a total dollar amount for the error.
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