Quick Takes: Delays for Some TIAA-CREF Account Holders, New Jersey Medical School Faulted for No-Bid Contracts
Submitted by Scott Jaschik on January 11, 2006 - 4:00am
Some TIAA-CREF account holders have been unable to get access to their funds in recent months because of technology problems caused by platform upgrades, eWeek reported. According to the publication, thousands of TIAA-CREF plan participants experienced the problems. TIAA-CREF officials pledged to pay for any fees caused by bank overdrafts.
The University of Medicine and Dentistry of New Jersey inappropriately awarded millions of dollars in no-bid contracts, according to a report the troubled institution commissioned, The Star-Ledger reported.