WEA TSA Celebrates 25 Years

By Scott Culver
Communications Specialist
WEA Trust

October 2003

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.

Our 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 calculators.
• WEAccess, which provides you with 24-hour access to your account.
• 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