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House approves expansion allowing CREF to market beyond educational institutions
Utah House of Representatives · February 20, 2003
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Summary
The House passed a bill that redefines the eligible market for the College Retirement Equity Fund (CREF) to include governmental and nonprofit employees; sponsor described long negotiations and said the product discloses it does not guarantee investment performance.
The House approved legislation to allow the College Retirement Equity Fund to market its variable annuity product beyond educational organizations to include employees of governmental entities and nonprofits. Representative Farron, who took…
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