VOLUNTARY EMPLOYEES’ BENEFICIARY ASSOCIATIONS (VEBAS Sample Clauses

VOLUNTARY EMPLOYEES’ BENEFICIARY ASSOCIATIONS (VEBAS. In accordance with state and federal law, employees in the bargaining unit and the College may agree to form a VEBA (tax-free medical spending accounts) funded by the retiree’s sick leave cash out. A VEBA of employees covered by this Agreement will be implemented only by written agreement with the Union.
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VOLUNTARY EMPLOYEES’ BENEFICIARY ASSOCIATIONS (VEBAS. In accordance with state and federal law, the bargaining unit has agreed to form a VEBA (tax-free medical spending accounts) funded by the retiree’s sick leave cash out in Section 14.13, above. Should the bargaining unit wish to conduct a vote to determine whether a VEBA will continue for the next calendar year, the Union must notify the Employer by July 1st. RULE 15 - SEVERANCE PAY
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VOLUNTARY EMPLOYEES’ BENEFICIARY ASSOCIATIONS (VEBAS. 3 In accordance with state and federal law, colleges/districts and employees in bargaining 4 units may agree to form a VEBA (tax-free medical spending accounts) funded by the 5 6 Agreement will be implemented only by written agreement with the Union.
Sample 1

Related to VOLUNTARY EMPLOYEES’ BENEFICIARY ASSOCIATIONS (VEBAS

  • Voluntary Employee Contributions (i) Subject to the governing rules of the relevant superannuation fund, an employee may, in writing, authorise their employer to pay on behalf of the employee a specified amount from the post- taxation wages of the employee into the same superannuation fund as the employer makes the superannuation contributions provided for in Clause 24(b).

  • Severance and Retirement Options (a) (i) Where an employee resigns within 30 days after receiving notice of layoff pursuant to article 14.02 (a)(ii) that his or her position will be eliminated, he or she shall be entitled to a separation allowance of two (2) weeks' salary for each year of continuous service to a maximum of sixteen (16) weeks' pay, and, on production of receipts from an approved educational program, within twelve (12) months of resignation, may be reimbursed for tuition fees up to a maximum of three thousand ($3,000) dollars.

  • REGISTERED RETIREMENT SAVINGS PLAN 1. In this Article:

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