In May the monthly income received by retirees from CREF is being changed.This change is usually announced in April. Being curious about this,yesterday (April 20) I went to www.tiaa-cref.org and clicked on the "View Income" link.There I read "Your 05/01/2005 payment amount will be calculated on 04/20/2005"Earlier today I thought that by now that calculation should have been completed.So I looked again at the "Income summary" page: same message.I think they mean "We will calculate but we won't tell you the results."Just before posting this, I looked again and found "Your 05/01/2005 payment amount will be calculated on 04/20/2005"
Later on April 22 at 3:30am, I looked again.The 05/01/2005 CREF payments had been posted at last.But my raise was only 1.3 percent. ;-(
That information became available to me on 4/22/05 at 4:30am ET.
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