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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"
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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. ;-(
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That information became available to me on 4/22/05 at 4:30am ET.
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