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COLLEGE RETIREMENT EQUITIES FUND
000 XXXXX XXXXXX, XXX XXXX, XX 00000
GROUP RETIREMENT UNIT-ANNUITY CONTRACT
GROUP RETIREMENT UNIT-ANNUITY CONTRACT NO.:
CONTRACTHOLDER:
DATE OF ISSUE:
This contract ("the Contract") was made and delivered in the State of
Oregon. The validity and effect of all rights and duties under this Contract are
governed by the laws there in force.
This contract is issued in consideration of the payment of Premiums by
the Contractholder to College Retirement Equities Fund ("CREF"). CREF will issue
to each Annuitant a certificate ("the Certificate") setting forth the benefits
under the Contract to be derived from Premiums paid on behalf of such Annuitant.
The Contract may be amended by agreement of CREF and the Contractholder
without the consent of any other person, provided that such change does not
reduce the then current Accumulation of any Annuitant, or any benefit purchased
under the Contract up to that time. CREF may stop accepting Premiums under the
Contract at any time.
The provisions contained on the following pages (the Certificate)
are part of the Contract.
Chairman and Chief Executive Officer
