Voluntary Employees’ Beneficiary Association (VEBA. In accordance with state and federal laws, the bargaining unit has agreed to form a VEBA (tax free medical spending accounts) funded by the retiree’s sick leave cash out in accordance with Section 25.13, above. Should the bargaining unit wish to conduct a vote to determine whether a VEBA will continue for the next year, the Union must notify the Employer in writing by July 1st.
Voluntary Employees’ Beneficiary Association (VEBA. 1. The Board will establish a Voluntary Employees’ Beneficiary Association (VEBA), as set forth herein. The Board and the Association shall mutually agree as to what investment funds will be offed under the VEBA, not less than annually, and, to the extent more than one fund is offered, the participants shall be given the right to allocate their account balances among such funds. Participants shall be solely responsible for the performance of the investment fund(s).
Voluntary Employees’ Beneficiary Association (VEBA. In accordance with state and federal law, employees may agree to form a Voluntary Employees’ Beneficiary Association (VEBA), a tax-free medical spending account funded by the retiree’s sick leave cash out. A VEBA for employees covered by this Agreement will be implemented only by written agreement with the Union.
Voluntary Employees’ Beneficiary Association (VEBA. VEBA is a tax- sheltered program where, upon retirement, Full-time Faculty will be paid one-fourth (1/4) of their hourly sick leave balance times their hourly rate, which will go toward qualified medical expenses. Adjunct Faculty will be paid one-fourth (1/4) of their sick leave balance times the rate on their step of the 35WW column of the Adjunct pay scale.
Voluntary Employees’ Beneficiary Association (VEBA. 44.1 The Employer will provide to eligible employees covered by this Agreement a medical expense plan that provides for reimbursement of medical expenses. Instead of cash out of sick leave at retirement, the Employer may deposit equivalent funds in a medical expense plan for eligible employees, as authorized by RCW 41.04.340. The medical expense plan must meet the requirements of the Internal Revenue Code.
Voluntary Employees’ Beneficiary Association (VEBA a. Establishment and Funding: The Corporation shall contribute to a voluntary employees’ beneficiary association (“VEBA”) as described in section 501(c)(9) of the Internal Revenue Code (the “Code”) the remainder of the vested Severance Amount not paid as a retirement increment to the retired teacher. Except as otherwise provided herein, a committee of the Board and the Association shall select the organization administering the VEBA, the single investment vendor for the VEBA, and the terms and conditions for the administration and operations of the VEBA.
Voluntary Employees’ Beneficiary Association (VEBA. The District and Association will, subject to an annual vote of the employees, offer participation in the Voluntary Employees' Beneficiary Association (VEBA) for all employees.
Voluntary Employees’ Beneficiary Association (VEBA. (a) The City will establish a medical savings account, Voluntary Employees’ Beneficiary Association (hereinafter VEBA) plan, under Section 501(c)(9) of the Internal Revenue Code for each employee of the Association who is eligible for, and enrolls in, one of the City’s health insurance plans as described in subsection 1 of this Article.
Voluntary Employees’ Beneficiary Association (VEBA. 11.6.1 The Employer and the Union have agreed to establish a Voluntary Employees’ Beneficiary Association (VEBA) which is funded by a Health Reimbursement Arrangement (HRA).
Voluntary Employees’ Beneficiary Association (VEBA. The Employer agrees to establish and maintain a VEBA plan for employees in this bargaining unit into which the full sick leave cash-out, as defined by Article 13.2.E, or the “extra” alternative leave cash-out, as defined by Article 11.5
