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By Scott Culver
Communications Specialist
WEA Trust
September 2003
More than 30 years ago, WEAC formed an independent trust to provide a better benefit deal for its members than was available from conventional insurers.
In the ensuing three decades, the WEA Trust has succeeded beyond the expectations of its founders and has set the standard by which public school employee benefits are measured today.
Our programs are designed to protect and enhance the economic well-being of the state’s public school employees. And our not-for-profit structure requires that we use all the dollars we receive exclusively for benefit payments and necessary administrative costs. None of the money the Trust collects is spent on extravagant ad campaigns, sales commissions, or stockholder dividends. As a result, public school districts get better benefits at a lower cost.
Financially, the Trust operates independent of WEAC. While the WEAC Board elects the Trustees who serve on the various Trust boards, the Trust returns no money to WEAC. All the Trustees are active or retired public school employees who serve without compensation. As educators, they understand the needs of public school employees and direct Trust programs to provide quality, comprehensive products and services to members.
You can improve your financial security by participating in programs offered through the Trust, including:
Posted September 10, 2003