NTSAA to Combine Operations with ASPPA
December 15, 2009 (PLANSPONSOR.com) - Members of the National Tax Sheltered Accounts Association (NTSAA) voted overwhelmingly in favor of combining operations with the American Society of Pension Professionals & Actuaries (ASPPA), effective in January.
The groups said the new relationship will provide ASPPA
with access to expertise in the non-profit marketplace and will provide NTSAA
members with representation on Capitol Hill. Earlier this year, the two
organizations worked together to create the Tax-Exempt & Governmental Plan
Consultant (TGPC) credential, an educational program for specialists in the
403(b) and 457 markets.
“NTSAA and ASPPA share similar missions and
goals,” said ASPPA President Sheldon H. Smith, in a press release. “Because
of our success with the TGPC credential, the boards of directors of both
organizations recognized a greater opportunity – the opportunity to build
strength and enhance member value by combining operations.”
When the combination agreement takes effect, NTSAA will
operate as a semi-autonomous division under ASPPA, retaining its name and brand
identity. “This is not a merger or acquisition,” emphasized ASPPA
Executive Director/CEO Brian H. Graff, in the announcement. “Our intent is
to leverage unique organizational strengths and enhance member value.”