Kate Kelley elected first woman to chair TSARC
PLATTEVILLE - Saving for the future and preparing for retirement are things many people put off until it's almost too late, but with Kate Kelley of the University of Wisconsin-Platteville at the helm of the University of Wisconsin System Tax-Sheltered Annuity Review Committee (TSARC), perhaps more UW System employees will be one step ahead of the retirement pack.
Kelley, who currently serves as director of human resources at UWP, was nominated by UWP Chancellor David Markee and appointed by UW System President Katherine Lyall to serve on the TSARC Committee. At the TSARC fall 2002 meeting, Kelley was the first woman ever elected to serve as chair of the TSARC. Having served on the committee for more than eight years, Kelley said being elected to the chair position was quite an honor.
"I served as the interim chair in 2001-02, but this is the first time in the history of TSARC that a woman has been elected to chair the committee," Kelley said. "I felt very honored to be elected and to know the committee has confidence in my leadership abilities."
Kelley said the TSA program has always been of great interest to her because it is so beneficial to all employees, regardless of individual salary levels. During her two-year term, she said she hopes to educate UW System employees of the benefits of TSA.
"I would like to see every employee contributing to this program - this calls for increased training and educational efforts," Kelley said. "This program has such major consequences for future savings - tax savings - retirement concerns - for so many employees. Considering we have almost 300 employees participating in this program, we want representation to voice concerns."
The TSA plan was established by the UW System in 1978 as a way for employees of tax-exempt organizations such as school systems to contribute to their retirement plans. The UW System Board of Regents developed TSARC to act on its behalf and function as an advisory committee to the UW System.
TSARC is responsible for maintaining the tax-qualified status of the program, reviewing and modifying the criteria used to select and monitor TSA vendors, maintaining and improving the quality of the program and terminating vendors that fail to meet financial, performance, service and other criteria. TSARC is comprised of nine representatives from the faculty, academic staff and non-represented classified employee categories.