Voluntary Employee Beneficiary Association. 4 The County will contribute to a Voluntary Employee Beneficiary Association (VEBA) in 5 accordance to the following provisions:
Voluntary Employee Beneficiary Association. (VEBA)
9.8.1 Parties agree that as soon as administratively feasible ASLOCDS shall participate in the County’s current Voluntary Employee Beneficiary Association (VEBA). ASLOCDS, as representative of the Association of San Xxxx Obispo County Deputy Sheriffs, BU27, agrees to enter into the program under guidelines developed by the County. It is agreed that any agreed-upon Post Employment Health Plan (PEHP) will be funded by the employee’s accrued sick leave balance in accordance with County Code Section 2.44.060(i)(2). Currently the County has a VEBA plan in force that allows for a Universal VEBA and the County has the right to continue, modify or replace this plan. Final approval will be made by the County.
9.8.2 Increases or decreases in VEBA PEHP contributions may be negotiated by individual bargaining units. Parties acknowledge that increases or decreases in contributions the County makes on behalf of other bargaining units are exclusively for those units and will not apply to ASLOCDS. For employees who separate from County employment the VEBA contribution for ASLOCDS shall be up to $20,000.
Voluntary Employee Beneficiary Association. Xx. Xxxxxx Xxxxxxxx Chairman, Grievance Committee United Steelworkers of America Local 1010 0000 Xxxxxx Xxxxxx Xxxx Xxxxxxx, XX 00000 Dear Xxxxxx: The Company agrees that the BENEFIT TRUST in the 2015 Basic Labor Agreement will also be used for the purpose of payment of post-retirement medical and life insurance benefits for Process Automation Engineer Technician retirees of Local 1010-27. Cordially,
Voluntary Employee Beneficiary Association. (VEBA)
13.8.1 The County will contribute $50 per month, per employee on the second pay period of each month to the employee’s Universal Voluntary Employee Beneficiary Association (VEBA) account, also referred to as PEHP (Post Employment Health Plan).
13.8.2 SLOCEA agrees to program guidelines developed by the County. The County has the right to continue, modify or replace this plan subject to any required meeting and conferring pursuant to Gov. Code Section 3504.
Voluntary Employee Beneficiary Association. The City will maintain a Voluntary Employee Beneficiary Association (VEBA) for the employees covered by this Agreement. Contributions to individual employee VEBA accounts shall be made in accordance with the terms of this Agreement, as authorized by Internal Revenue Code Section 501(c) (9). The City will make contributions of 1.2% of employee base wages as set forth in Appendix ‘A’ into employee VEBA accounts. Monthly contributions into individual employee VEBA accounts will cease effective December 31, 2016.
Voluntary Employee Beneficiary Association. (VEBA) PLAN
Voluntary Employee Beneficiary Association. (VEBA) Program: State RCW 28B.50.553 and WAC 000-00-000 and - 069 provide the College means to take funds that it would otherwise pay to eligible retiring employees as a cash-out of payable sick leave and use them instead to give those employees a medical expense benefit plan. The College deposits those funds in a tax-free VEBA trust account on those employees' behalf. The retired employee can get reimbursed from the trust account to pay any qualified post-retirement medical, dental, and vision expenses, including premium and out-of-pocket expenses.
A. The College will make deposits to an appropriate VEBA account equal to the value of payable sick leave at retirement for each eligible faculty who retires during each calendar year of this Agreement. In agreeing to do this, the College makes no representations about, and assumes no responsibility for, the tax consequences.
B. Applicable provisions of the Internal Revenue Code, RCW 28B.50.553, and WAC 131-16- 067 and -069 govern taking part in this medical expense benefit plan. These requirements, and their applicable changes, prevail over this Article for any conflict. The College will automatically implement any changes in the legal requirements that govern the VEBA's establishment and administration. If changes in these legal requirements result in significantly more administrative work for the College, the College will notify the Federation as to how it plans to implement such changes and/ or may terminate this Section, 22.1.5, for the following year after written notice.
C. Eligible retiring faculty will sign the required agreement to hold the College harmless for an adverse tax finding. The parties agree, and each employee will agree, that an eligible employee who refuses to execute this required hold-harmless agreement gives up all payment for payable sick leave on retirement w1der RCW 28B.50.553.
D. For each calendar year of this Agreement the Federation agrees to hold annual elections of its membership about taking part in the VEBA and to notify the College in writing of these election results and of faculty participation in the VEBA for the upcoming year on or before December 31 of each year. If the College does not get this written notice from the Federation, the default for the upcoming year is participation in the VEBA. This section governs all participation in the VEBA.
Voluntary Employee 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.B, will be placed upon retirement. The bargaining unit may vote participation in the VEBA on an annual basis. If a vote is to be conducted, the Union will request a list of eligible voters based on voting criteria established by the Union. The request should be received by the County’s Human Resources Department not later than September 1 to receive the list by October 1 (requests received after September 1 will be honored and the list provided as soon as possible). Election results must be provided to the Human Resources Department no later than October 31st. The outcome of the election will be effective on January 1 of the following year.
Voluntary Employee Beneficiary Association. (VEBA). RNs who retire from the 36 University of Washington may participate in the University’s VEBA program in 37 accord with the terms and conditions of the program at the time of the RN’s 38 retirement. Such terms and conditions may be found on the HR website at: 39 xxxxx://xx.xx.xxx/benefits/retirement-plans/nearing-retirement/veba-sick-leave- 40 cash-out-at-retirement/. 41 42 43 44 45 46 Tentatively Agreed To: For the Union: For the Employer: Date: 9/30/2022 Date: 9/30/2022 For the Union: Date: 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 1 MOU: Pay Ranges for Registered Nurses 3 During negotiations for the 2023-25 successor agreement, the parties reached agreement on 4 the following recruitment and retention increases effective January 1, 2023 6 Steps A to E of Pay Table BZ Range 02 will be increased by two percent (2%). This increase 7 will be based upon the salary schedule in effect December 31, 2022. 9 The values on Pay Table BZ, Range 03 will be increased to reflect eight percent (8%) above 10 Table BZ, Range 02 at each step of the wage scale. 12 This MOU will expire upon implementation.
Voluntary Employee Beneficiary Association. Xx. Xxxxxx Xxxxxxxx Chairman, Grievance Committee United Steelworkers of America Local 1010 0000 Xxxxxx Xxxxxx Xxxx Xxxxxxx, XX 00000 Dear Xxxxxx:
