TIAA-CREF CEO Roger Ferguson To Meet With Students, Administrators Next Week

Roger Ferguson Jr., the TIAA-CREF president/CEO and former vice chairman of the Board of Governors of the U.S. Federal Reserve System, will meet with students and faculty on March 31 to discuss a host of issues.

In two separate sessions, Ferguson will make his second visit to State College, speaking with students and faculty on financial literacy with a focus on student loan debt and budgeting. The two forums will be recorded and available for public viewing in the near future, according to a university press release.

TIAA-CREF is a Fortune 100 company in the financial services sector, and provides retirement aid to those in the academic, research, medical, and cultural fields. It also works closely with Penn State as its only record-keeping company for its 403b retirement schedule.

During his time at the Fed, Ferguson met with influential international policy groups in talks on macroeconomic policy. He was the sole Federal Reserve System governor in the nation’s capitol on Sept. 11, 2001, a situation that forced him to navigate the Fed’s immediate response to the attacks. It proved to be an important moment: His actions largely kept the U.S. financial system working as global panic set in.

“Penn State has an excellent working relationship with TIAA-CREF, and to have someone of Roger Ferguson’s caliber not only leading the company, but to also be willing to come and spend a day at Penn State is very exciting,” Susan Basso, vice president for human resources, said in the Penn State News article. “He is an incredibly impressive individual, and I am confident that individuals will find their time with him to be very dynamic and informative.”

Ferguson will also meet with President Barron and other Penn State administrators to discuss the Penn State Retirement Oversight Committee. That important committee is overseen by David Gray, the university’s senior vice president for finance and business, and is made up of faculty and staff that oversee the TIAA-CREF plan.

“Many employees might not even know we have one, but given our fiduciary responsibilities it’s a critically important committee that is overseeing TIAA-CREF’s investments on behalf of our employees,” Basso said.

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Ben Berkman

State College, PA

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