As noted in your CHET 529 Plan Fact Kit, your position in the TIAA-CREF Life Principal Plus Interest Option ("TIAA-CREF PPIO" or "TIAA PPIO") will gradually transfer to the CT Stable Value Portfolio, an investment option in the CHET 529 Plan, selected by the CHET Trustee to receive the PPIO assets, over a five-year period.
On May 2, 2022, approximately 20% of your position in the TIAA-CREF PPIO transitioned to the CT Stable Value Portfolio.
On May 2, 2023, approximately 25% of your remaining position in the TIAA-CREF PPIO transitioned to the CT STable Value Portfolio.
On May 2, 2024, approximately 33% of your remaining position in the TIAA-CREF PPIO will transition to the CT Stable Value Portfolio.