|Submission Date||Aug. 19, 2011|
PAE-T2-6: Socially Responsible Retirement Plan
Pace Academy for Applied Environmental Studies
Does the institution offer a socially responsible investment option for retirement plans?:
A brief description of the socially responsible investment option for retirement plans:
Pace maintains a 403(b) plan and contributes between 9% and 12% for employees. Pace utilizes TIAA-CREF (a non-profit institution) as the plan administrator on the plan. Among investment choices is the CREF Social Choice Account seeks a favorable long-term rate of return that reflects the investment performance of the financial markets while giving special consideration to certain social criteria. The fund may invest in U.S. government securities and in securities issued by foreign governments or their agencies or instrumentalities as approved by the Corporate Governance and Social Responsibility Committee
The website URL where information about the program, policy, or practice is available:
The information presented here is self-reported. While AASHE staff review portions of all STARS reports and institutions are welcome to seek additional forms of review, the data in STARS reports are not verified by AASHE. If you believe any of this information is erroneous or inconsistent with credit criteria, please review the process for inquiring about the information reported by an institution and complete the Data Inquiry Form.