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.”
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