WEA TSA Celebrates 25 Years
By Scott Culver
Twenty-five years ago this month, WEAC created the WEA Tax Sheltered
Annuity Trust to provide public education employees with a high-quality
supplemental retirement savings program with low service fees. It is
just one of many programs WEAC designed that focuses on the economic
welfare of its members.
What started in 1978 as a small program, with
only a handful of school districts participating, has grown to more
than 26,000 participants and is offered by more than 400 employers in
Wisconsin. Participant assets reflect that growth, surpassing $1 billion
in total funds invested last year.
“Reaching the $1 billion mark
is a sign to us that our participants believe in the value of the Trust
TSA account,” said Randy Mullis, assistant executive
director of the WEA Trust TSA program.
We provide a variety of investment
choices including 12 mutual funds and a guaranteed investment account,
which currently yields a 5% rate of return. You select an investment
mix that fits your personal retirement goals and tolerance for risk.
TSA program stresses education. We offer a variety of financial services
including personal consultations and statewide seminars on topics ranging
from opening a TSA account to retirement planning. Online tools and
services available at weatrust.com include:
- WEAlth Educator, an
online retirement planning program designed to help you determine
your retirement needs and work toward your retirement goals.
- 26 financial
- WEAccess, which provides you with 24-hour access to
- Online enrollment form.
“This program is about providing WEAC
members with the tools to secure their future financially. That’s
what it was about 25 years ago, and it’s
still true today,” Mullis said.
Posted October 1, 2003