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Sylvester Schieber, Retired Towers Watson Executive, Named 2012 Samuelson Award Winner by TIAA-CREF

  Sylvester Schieber, Retired Towers Watson Executive, Named 2012 Samuelson
  Award Winner by TIAA-CREF

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

Business Wire

NEW YORK -- January 29, 2013

Global professional services company Towers Watson (NYSE, NASDAQ:TW) has
announced that Dr. Sylvester J. Schieber, a leading retirement expert who
retired from the company in 2006 following a distinguished career, has been
named winner of the 17^th annual TIAA-CREF Paul A. Samuelson Award for
Outstanding Scholarly Writing on Lifelong Financial Security.

Dr. Schieber 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. 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 challenges.

“Syl is without question one of the leading authorities on retirement issues
in the United States,” said Gene Wickes, global leader, benefits, at Towers
Watson. “His deep understanding and knowledge of retirement and corporate
pensions continues to be of great value to everyone involved in reshaping the
U.S. retirement system. We congratulate Syl on his book and receiving this
distinguished award.”

Dr. Schieber retired from Watson Wyatt Worldwide (now Towers Watson) in
September, 2006 but continues to serve in a senior advisory and research
capacity at the company. His previous roles at Towers Watson include Vice
President/U.S. Director of Benefit Consulting, Director of Research and
Information and a member of the company’s board of directors. He is also the
former chairman of the Social Security Advisory Board. He received his Ph.D.
in economics from the University of Notre Dame. Dr. Schieber is also the
author of several books, including “Fundamentals of Private Pensions,” “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.

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.

About Towers Watson

Towers Watson (NYSE, NASDAQ: TW) is a leading global professional services
company that helps organizations improve performance through effective people,
risk and financial management. The company offers solutions in the areas of
benefits, talent management, rewards, and risk and capital management. Towers
Watson has 14,000 associates around the world and is located on the web at
towerswatson.com.

Contact:

Towers Watson
Ed Emerman, +1 609-275-5162
eemerman@eaglepr.com
or
Binoli Savani, +1 703-258-7648
binoli.savani@towerswatson.com