Common use of Voluntary Employees’ Beneficiary Association Clause in Contracts

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. 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 odd calendar year, beginning in 2015. The Agency shall provide the Association with a list of all eligible voters by September 15 every other odd calendar year, beginning in 2015.