Common use of Voluntary Employee Beneficiary Association (VEBA Clause in Contracts

Voluntary Employee Beneficiary Association (VEBA. Parties agree that DAIA may participate in the County’s current Voluntary Employee Beneficiary Association (VEBA). ▇▇▇▇, as representative of the District Attorney Investigators Unit, agrees to enter into the program under guidelines developed by County. It is agreed that any agreed upon Post Employment Health Plan (PEHP) will be funded with County contributions only. Currently the County has a VEBA plan in force that allows for a Universal VEBA and the County has the right to continue, modify or replace this plan. Final approval will be made by the County. Increases or decreases in VEBA PEHP contributions may be negotiated by individual bargaining units. Parties acknowledge that increases or decreases in contributions the County makes on behalf of other bargaining units are exclusively for those units and will not apply to the DAIA. For employees who separate from County employment, the maximum VEBA contribution for DAIA shall be $25,000.

Voluntary Employee Beneficiary Association (VEBA. ‌ Parties agree that DAIA may participate in the County’s current Voluntary Employee Beneficiary Association (VEBA). ▇▇▇▇, as representative of the District Attorney Investigators Unit, agrees to enter into the program under guidelines developed by County. It is agreed that any agreed upon Post Employment Health Plan (PEHP) will be funded with County contributions only. Currently the County has a VEBA plan in force that allows for a Universal VEBA and the County has the right to continue, modify or replace this plan. Final approval will be made by the County. Increases or decreases in VEBA PEHP contributions may be negotiated by individual bargaining units. Parties acknowledge that increases or decreases in contributions the County makes on behalf of other bargaining units are exclusively for those units and will not apply to the DAIA. For employees who separate from County employment, the maximum VEBA contribution for DAIA shall be $25,000.