Use of VEBA Assets. Following retirement from employment and the satisfaction of the applicable vesting requirements, a retired teacher may use the amounts held in the VEBA account to pay any eligible expenses under the IRS Code and Regulations. Furthermore, following the death of a teacher who had otherwise satisfied the vesting requirements before death, any amounts remaining in the plan for that deceased teacher may continue to be used to pay any qualified beneficiaries’ eligible expenses under IRS Code and Regulations.
