Establishment of VEBA. Effective July 1, 2005, the School District made available a VEBA Plan and Trust to all qualified administrators and eligible retirees who exercise their option to enroll in the health insurance program offered through the District. The School District, employees and eligible retirees assent to and ratify the appointment of the trustee and plan administrator for the VEBA Plan and Trust. It is intended that this arrangement constitute a voluntary employees’ beneficiary association under Section 501(c)(9) of the Internal Revenue Code. The School District will specify in the Adoption Agreement for the VEBA Plan document, before the first day of the health flexible spending account (FSA) plan year, that eligible health expenses will be paid from the FSA first, until an individual’s FSA account is exhausted, and from the VEBA Plan second. The School District agrees to take such steps as are necessary to achieve reimbursement of eligible health expenses from the FSA first, including amending the FSA or VEBA Plan so that their plan years begin and end on the same date. VEBA Plan contributions ceased as of June 30, 2016. Language will remain in this agreement until all VEBA accounts have been depleted.
Establishment of VEBA. Employer shall make available a VEBA Plan and Trust described in summary and attached hereto as VEBA Attachment #1, to all qualified bargaining unit members who exercise their option to enroll in the high deductible health insurance program offered in Section 4, Subdivision 2 of this Article. Employer and employees assent to and ratify the appointment of the trustee and plan administrator for the VEBA plan and Trust Identified in VEBA Attachment #1. It is intended that this arrangement constitute a voluntary employees’ beneficiary association under Section 501 (c) (9) of the Internal Revenue Code. This plan year will begin on January 1, and end on December 31 of each year.
Establishment of VEBA. Employer shall make available a VEBA Plan 833 and Trust to all qualified bargaining unit members who exercise their option to enroll in the high deductible health insurance program offered in Subdivision 5. Employer and employees assent to, and ratify, the appointment of the trustee and plan administrator for the VEBA Plan and Trust. It is intended that this arrangement constitute a Voluntary Employees’ Beneficiary Association under Section 501(c)(9) of the Internal Revenue Code. The employer will specify in the Adoption Agreement for the VEBA Plan document, before the first day of the Flexible Spending Account (Section 125) plan year that eligible health expenses will be paid from the FSA first, until an individual’s FSA account is exhausted, and from the VEBA Plan second. The VEBA plan year will begin and end on the same dates as the high deductible health insurance program offered in Subdivision 5.
Establishment of VEBA. Effective January 1, 2004, the Employer shall make available a VEBA Plan and Employee Benefits Trust Agreement for the benefit of all qualified bargaining unit members and eligible retirees who exercise their option to enroll in the high deductible health insurance program offered in Section 24.4B of this Article. The Employer and employees and eligible retirees assent to and ratify the appointment of the trustee and plan administrator for the VEBA Plan and Trust in place on the adoption date of this agreement. It is intended that this arrangement constitute a voluntary employees’ beneficiary association under Section 507 (c)(9) of the Internal Revenue Code. It is further intended that the benefits offered through the VEBA Plan and Trust satisfy the requirements of Revenue Ruling 2002-41 (June 26, 2002) and IRS Notice 2002-45 (June 26, 2002).
Establishment of VEBA. The COUNTY shall establish a VEBA Plan for the benefit of qualifying employees who are members of the Collective Bargaining Agreement. The COUNTY and employees assent to and ratify the appointment of the trustee and plan administrator in place on the adoption date of this agreement. It is intended that this arrangement constitute a voluntary employees' beneficiary association under Section 501(c)(9) of the Internal Revenue Code. It is further intended that the benefits offered through the VEBA Plan and Trust satisfy the requirements of Revenue Ruling 2002-41 (June 26, 2002) and IRS Notice 2002-45 (June 26, 2002).
Establishment of VEBA. The School District will make available a “VEBA Plan and Trust “to all qualified participants who exercise their option to enroll in the health insurance program. This arrangement is intended to constitute a VEBA under Section 501 (c) (9) of the Internal Revenue Code. The School District will specify that eligible health expenses will be paid from the participant’s flexible spending account (FSA) first, until that account is exhausted, and from the “VEBA Plan” second.
Establishment of VEBA. The school District shall make available a VEBA Plan and Trust to all qualified employees and eligible retirees. The employees shall be part of the group which is made up of all bargaining units in the District to determine the appointment of the trustee and plan administrator for the VEBA Plan and Trust.
Establishment of VEBA. Effective July 1, 2004, the SWWC Service Cooperative shall make available a health insurance plan with a corresponding VEBA to all qualified bargaining unit members who exercise their option to enroll in the high deductible health insurance program offered in Section 5. Employer and employees assent to, and ratify, the appointment of the trustee and plan administrator for the VEBA Plan and Trust. It is intended that this arrangement constitute a Voluntary Employees’ Beneficiary Association under Section 501(c)(9) of the Internal Revenue Code. The employer will specify in the Adoption Agreement for the VEBA Plan document, before the first day of the Flexible Spending Account (Section 125) plan year that eligible health expenses will be paid from the FSA first, until an individual’s FSA account is exhausted, and from the VEBA Plan second. The VEBA plan year will begin and end on the same dates as the high deductible health insurance program offered in Section 5.
Establishment of VEBA. Effective July 1, 2005, the School District made available a VEBA Plan and Trust to all qualified paraprofessionals and eligible retirees who exercise their option to enroll in the health insurance program offered through the District. The School District, paraprofessionals, and eligible retirees assent to and ratify the appointment of the trustee and plan administrator for the VEBA Plan and
Establishment of VEBA. Effective January 1, 2004, the Employer shall adopt the Minne- sota Service Cooperatives VEBA Plan and the Employee Benefits Trust Agreement for the benefit of qualifying employees who are members of this Collective Bargaining Agreement. Employer and employees assent to and ratify the appointment of the trustee and plan administrator in place on the adoption date of this agreement. It is intended that this arrangement constitute a voluntary employee’s beneficiary association under Section 501 (c) (9) of the Internal Revenue Code.
