Renewal of VEBA. Effective July 1, 2018, SWWC shall continue to make available a Health Reimbursement Arrangement for Active Employees within the Minnesota Service Cooperatives VEBA Plan and Trust (the “VEBA”) for all eligible qualified bargaining unit members who enroll in VEBA Plan 833, described in summary and available on the Intranet or by request from SWWC. It is intended that the VEBA constitute a voluntary employees’ beneficiary association under Section 501(c)(9) of the Internal Revenue Code.
Renewal of VEBA. Effective July 1, 2023, Employer shall continue to make available a Health Reimbursement Arrangement for Active Employees within the Minnesota Service Cooperatives VEBA Plan and Trust (the “VEBA”) for all eligible employees who enroll in VEBA Plan 2600 Single or 5200 Family or Hybrid Plan 3750 Single, 7500 Family, 5000 Single or 10,000 Family, described in summary and available by request from Human Resources. It is intended that the VEBA constitute a voluntary employees’ beneficiary association under Section 501(c)(9) of the Internal Revenue Code. Subd. 2. Renewal of of Health Savings Account (“HSA”) Arrangement. Effective July 1, 2023, Employer shall continue to make available an HSA arrangement for all eligible qualified bargaining unit members who exercise their option to enroll in HSA Plan 3750 Single, 7500 Family, 5000 Single or 10,000 Family, described in summary and available from Human Resources. It is intended that the HSA arrangement complies with all requirements of Section 223 of the Internal Revenue Code.
Renewal of VEBA. Effective January 1, 2016, 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 and eligible retirees who exercise their option to emoll in the high deductible health insurance program offered in Section 4, Subdivision 2 ofthis Article. Employer and employees and eligible retirees 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 50l (c)(9) of the Internal Revenue Code. Eligible health care expenses will be paid from the FSA (Flexible Spending Account) first, until an individual's FSA account is exhausted, and from the VEBA Plan second.
