CREF

CREF, or College Retirement Equities Fund, is a type of investment pool that manages retirement savings for employees of higher education institutions. It invests in a diverse mix of stocks, bonds, and real estate to grow funds over time. Participants contribute regularly, and the fund aims to provide stable, long-term growth to support their retirement needs. Think of CREF as a collective savings account managed professionally, helping educators secure financial stability after they retire.