Common use of Voluntary Employees’ Beneficiary Association (VEBA Clause in Contracts

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.

Appears in 3 contracts

Samples: Office and Professional Employees, Collective Bargaining Agreement, Office And

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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 accounts) funded by the retiree’s sick leave cash out. A VEBA for Voluntary Employees’ Beneficiary Association of employees covered by this Agreement will be implemented only by written agreement with the Union.

Appears in 1 contract

Samples: Office and Professional

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Voluntary Employees’ Beneficiary Association (VEBA. In accordance with state and federal law, the Employer and employees in bargaining units may agree to form a Voluntary Employees’ Beneficiary Association VEBA (VEBA), a tax-free medical spending account accounts) funded by the retiree’s sick leave cash out. A VEBA for of employees covered by this Agreement will be implemented only by written agreement with the Union.

Appears in 1 contract

Samples: Collective Bargaining Agreement

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