Voluntary Employees’ Beneficiary Association. In accordance with state and federal law, agencies and employees in bargaining units may agree to form Voluntary Employees’ Beneficiary Association (tax-free medical spending accounts) funded by the retiree’s sick leave cash out. Voluntary Employees’ Beneficiary Association of employees covered by this Agreement will be implemented only by written agreement with the Union.
Voluntary Employees’ Beneficiary Association. 2.1 The Employer will provide to eligible employees covered by this Agreement a medical expense plan as authorized by RCW 41.04.340. The medical expense plan must meet the requirements of the Internal Revenue Code.
2.2 As a condition of participation, the medical expense plan provided shall require that each covered eligible employee sign an agreement with the Employer. The agreement shall include the following provisions:
A. A provision to hold the Employer harmless should the United States government find that the Employer or the employee is indebted to the United States as a result of:
1. The employee not paying income taxes due on the equivalent funds placed into the plan; or
2. The Employer not withholding or deducting a tax, assessment, or other payment on funds placed into the plan as required by federal law.
B. A provision to require each covered eligible employee to forfeit remuneration for accrued sick leave at retirement if the employee is covered by a medical expense plan and the employee refuses to sign the required agreement.
Voluntary Employees’ Beneficiary Association. (VEBA) In accordance with state and federal law, employees may agree to form a Voluntary Employees’ Beneficiary Association (VEBA), a tax-free medical spending account funded by the retiree’s sick leave cash out. A VEBA for employees covered by this Agreement will be implemented only by written agreement with the Union.
Voluntary Employees’ Beneficiary Association. In accordance with state and federal law, the employees in the bargaining units represented by the Association and the State agree to form a Voluntary Employees’ Beneficiary Association (VEBA) funded by the retiree’s sick leave cash out. Biennial elections regarding participation in the VEBA will be held by October 15 every other calendar year, beginning in 2015. The Agency shall provide the Association with a list of all eligible voters by September 15 every other calendar year, beginning in 2015.
Voluntary Employees’ Beneficiary Association. (VEBA). VEBA is a tax-
Voluntary Employees’ Beneficiary Association. 56.1 In accordance with state and federal law, the University and employees in the PSE bargaining units have agreed to form a Voluntary Employees’ Beneficiary Association (tax-free medical spending accounts) funded by a retiree’s sick leave cash out.
56.2 The University will maintain the Voluntary Employees’ Beneficiary Association until such time as it is altered by a vote as outlined in the University’s policy.
Voluntary Employees’ Beneficiary Association. 56.1 In accordance with state and federal law, the University and employees in the PSE bargaining units have agreed to form a Voluntary Employees’ Beneficiary Association (tax-free medical spending accounts) funded by a retiree’s sick leave cash out.
56.2 The University will maintain the Voluntary Employees’ Beneficiary Association until such time as it is altered by a vote as outlined in the University’s policy. APPENDIX A UNIT DESCRIPTION AS OF JULY 1, 2018 All full-time and regular part-time classified employees of Central Washington University in the Student Health Counseling and Wellness Services Department, excluding supervisors, confidential employees and all other employees. PERC Decision # 9900-PSRA 11/16/07
Voluntary Employees’ Beneficiary Association. (VEBA)
44.1 The Employer will provide to eligible employees covered by this Agreement a medical expense plan that provides for reimbursement of medical expenses. Instead of cash out of sick leave at retirement, the Employer may deposit equivalent funds in a medical expense plan for eligible employees, as authorized by RCW 41.04.340. The medical expense plan must meet the requirements of the Internal Revenue Code.
44.2 As a condition of participation, the medical expense plan provided will require that each covered eligible employee sign an agreement with the Employer. The agreement will include the following provisions.
A. A provision to hold the Employer harmless should the United States government find that the Employer or the employee is indebted to the United States as a result of:
1. The employee not paying income taxes due on the equivalent funds placed into the plan; or
2. The Employer not withholding or deducting a tax, assessment, or other payment on funds placed into the plan as required by federal law.
B. A provision to require each covered eligible employee to forfeit remuneration for accrued sick leave at retirement if the employee is covered by a medical expense plan and the employee refuses to sign the required agreement.
Voluntary Employees’ Beneficiary Association. (VEBA) Contribution. In lieu of Management Leave, the City will contribute annually the equivalent of 64 hours of pay to the employee’s VEBA account. The initial contribution will be paid in the pay period following establishment of the VEBA and no later than the second pay period of the year for successive years.
Voluntary Employees’ Beneficiary Association. (VEBA) Effective January 1, 2019, the City shall make monthly contributions to a medical savings account Voluntary Employees’ Beneficiary Association (hereinafter VEBA) plan, under Section 501 (c) (9) of the Internal Revenue Code, for each employee of the Association who is eligible for, and enrolls in, one of the NFRA Health Insurance Plans listed below in the following amounts:
a. Regence Premier Plan: amount equal to one percent (1%) of the employee’s base salary
b. Regence Advantage Plan: amount equal to one percent (1%) of the employee’s base salary
c. Regence Select Plan: four hundred ($400.00) per month
x. Xxxxxx HMO Plan: four hundred ($400.00) per month
