The following depict the distribution options available under the Pace University Basic Retirement Plan:
|TIAA||Annuity||None, may begin at anytime.|
|Must be 59 1/2; not required to separate from service|
|CREF||Annuity||None, may begin at anytime.|
For all options must be 59 1/2; not required to separate
NOTE: TIAA Retirement Account has a loan provision. Total loans from TIAA-CREF cannot exceed $50,000. Must exhaust loan privileges before hardship distributions under IRS will be reviewed and approved.