VEBA Trust Benefit. The VEBA Trust has been established to provide retirees and their dependents with benefits to assist with the payment of premiums for post-retirement medical coverage and post-retirement group life insurance coverage. The benefits payable to participants under the VEBA Trust will vary depending on whether the participant is classified as an “IBEW Transfer Employee,” “IBEW Transfer Employee Receiving Sierra Plan Benefits,” or “Other IBEW Employees.” Bargaining Unit employees entitled to receive benefits under the 115 Trust described in Section Two below are not eligible to receive benefits under the VEBA Trust.
Appears in 4 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement
