TIAA-CREF Announces Sylvester Schieber as 2012 Samuelson Award Winner

  TIAA-CREF Announces Sylvester Schieber as 2012 Samuelson Award Winner

Schieber recognized for his work to improve America’s retirement system

Business Wire

NEW YORK -- January 4, 2013

The TIAA-CREF Institute today announced Dr. Sylvester J. Schieber as winner of
the 17^th annual TIAA-CREF Paul A. Samuelson Award for Outstanding Scholarly
Writing on Lifelong Financial Security.

Dr. Schieber, a notable retirement expert, was recognized for his book “The
Predictable Surprise: The Unraveling of the U.S. Retirement System,” which
explores the history of Social Security, pension plans and other retirement
plans, and provides suggestions to reform the retirement system.

“The uncertainty of the U.S. retirement system should be a concern for all
workers and employers,” Schieber said. “We all play a role in shaping the
future of retirement, and I am honored to be recognized. What is lacking is
not plenty of suggestions on how to reform America’s retirement system, but
rather the political will to do so, and I hope that this book helps bring us
one step closer to building that political will.”

Dr. Schieber’s book provides a comprehensive overview of the history and
theory of retirement in America. His work offers both historical context and
real, actionable solutions for one of our nation’s most daunting problems.

“No one knows this area, in particular employer pensions, better than Syl
Schieber,” Samuelson Award judge and Boston College Professor Joseph Quinn
said. “His expertise and passion for these issues is apparent throughout this
book, which is a must-read.”

“Schieber’s work is exemplary in that it offers clear and actionable steps for
how we can reform the retirement system to help guide Americans to lifelong
financial well-being. It is more important than ever that the research
community address the retirement issue and provide tangible solutions,” added
Stephanie Bell-Rose, head of the TIAA-CREF Institute.

Samuelson Award Background

The award is named after Nobel Prize winner Paul A. Samuelson in honor of his
achievements in the field of economics, as well as for his service as a CREF
trustee from 1974-1985. The Samuelson Award is given annually in recognition
of an outstanding research publication containing ideas that the public and
private sectors can use to maintain and improve America’s lifelong financial
well-being. A $10,000 prize is awarded to the winner.

The Samuelson Award winner is selected by a panel of distinguished judges
composed of TIAA-CREF Institute fellows and previous award winners. This
year’s panel includes:

  *Julie Agnew, associate professor, College of William and Mary
  *Robert Clark, professor, North Carolina State University
  *Paul Fronstin, director, Health Research & Education Program, Employee
    Benefit Research Institute
  *Joseph Quinn, professor, Boston College
  *Stephen Zeldes, professor, Columbia University

The TIAA-CREF Institute will present the Samuelson Award today in San Diego
during the Allied Social Science Association’s annual meeting.

For more information about the TIAA-CREF Institute, which manages the
Samuelson Award program, visit the institute’s website.

About the TIAA-CREF Institute

The TIAA-CREF Institute helps advance the ways individuals and institutions
plan for financial security and organizational effectiveness. The Institute
conducts in-depth research, provides access to a network of thought leaders,
and enables those we serve to anticipate trends, plan future strategies and
maximize opportunities for success.

About TIAA-CREF

TIAA-CREF (www.tiaa-cref.org) is a national financial services organization
with $495 billion in assets under management (as of 9/30/2012) and is the
leading provider of retirement services in the academic, research, medical and
cultural fields.

News Release Addendum

Samuelson Award Winner Bio

Dr. Schieber received his Ph.D. in economics from the University of Notre
Dame. He is the former chairman of the Social Security Advisory Board. He has
held positions as vice president and U.S. director of benefit consulting at
Watson Wyatt Worldwide, research director at the Employee Benefits Research
Institute, economic analyst at the Social Security Administration and deputy
director at the Office of Policy Analysis. Schieber is also the author of
several books, including “Social Security: Perspectives on Preserving the
System,” “The Real Deal: The History and Future of Social Security” and “The
Economic Implications of Aging Societies: The Costs of Living Happily Ever
After,” as well as numerous policy papers and journal articles. He currently
is a private consultant on retirement and health issues.

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