Share Class. In accordance with the CREF Rules of the Fund, each CREF account has multiple expense classes (“class”). Such class or classes under which any CREF contract or certificate participates within each CREF account is determined in accordance with criteria established by CREF and is governed by the CREF Rules of the Fund. CREF reserves the right to change the class with which the value of any accumulation units and/or annuity units under the contract is associated. The accumulation under your certificate is currently assigned to class [R4]. Annuity units under all CREF payout annuities are currently assigned to class [R3].
Appears in 2 contracts
Sources: Retirement Annuity Contract (College Retirement Equities Fund), Retirement Choice Annuity Contract (College Retirement Equities Fund)