- Published: Thursday, 09 February 2017 16:43
William “Bill” Whitescarver, who designed and launched the backstretch pension plan for Maryland Thoroughbred horsemen in 1987, died Feb. 6. He was 81.
Whitescarver, a United States Army veteran, served as vice president of investments for Chapin Davis Inc., a financial services firm in Baltimore, and was a member of the company’s board of directors. Up until his death, he continued to manage the investments of MTHA pension plan which was created to provide retirement income to backstretch workers as a supplement to Social Security.
Whitescarver, a Baltimore County resident who was educated at the University of Baltimore, also served on other boards in the retirement services industry.
“Bill was a first-class guy who truly cared about the racing community and the people who work on the backstretch,” MTHA Executive Director David Richardson remarked. “The pension plan was his baby, he told me often that he considered it his life’s work.”
Whitescarver’s wife, Connie, died in August 2015. She was responsible for signing up members of the horsemen’s pension plan, which earned her the nickname “The Pension Lady.”
A first cousin of Maryland-based jockey Forest Boyce, Connie Whitescarver also participated in horse shows over the years and was a Thoroughbred owner as well, with her horses trained by Tim Keefe.
“Connie had the horses, but Bill supported her love for the horses,” said Keefe, President of the MTHA. “He used to come with her in the morning to watch them train and in the afternoon to watch them run. Bill, who was very hands-on with the backstretch pension plan, was a great guy and very easy to talk to.”
The Whitescarvers for almost 30 years regularly spent time at Laurel Park, Pimlico Race Course, and the Bowie Training Center to discuss the pension plan with backstretch employs during tax season.
The MTHA moved the sign-up process in house in recent years and transitioned in 2016 to a new third-party administrator, Pollard & Associates, which has made customer service for simpler and easier. Moving forward, Chapin Davis will continue to manage the investments of the plan which are directed and overseen by the MTHA’s Finance Committee.
The family has planned a private burial service followed by visitation by family and friends from 2-4 p.m. Feb. 11 at Green Spring Valley Hunt Club in Owings Mills. Memorial contributions in Whitescarver’s name can be made to St. James School, 17641 College Rd., Hagerstown, Md., 21740.