TIAA-CREF, a leading financial services provider, and Emeriti Retirement Health Solutions, a non-profit educational consortium established in 2005, today announced a new collaboration that will offer retiree health care benefit products, savings solutions and services for higher education institutions in the tax-exempt sector. Under the new agreement, effective in 2012, TIAA-CREF will provide accumulation recordkeeping for Emeriti health accounts as well as investment management and trust services. Savitz, a provider of employee and retiree benefit services, will provide disbursement recordkeeping, including administration of retiree group health insurance and processing other out-of-pocket qualifying medical expenses. TIAA-CREF and Emeriti will help nonprofit clients evaluate retirement health plan options and provide assistance in the implementation of a retirement health care plan.
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