VOLUNTARY EMPLOYEES’ BENEFICIARY ASSOCIATIONS (VEBAS. In accordance with state and federal law, employees in the bargaining unit and the College may agree to form a VEBA (tax-free medical spending accounts) funded by the retiree’s sick leave cash out. A VEBA of employees covered by this Agreement will be implemented only by written agreement with the Union.
VOLUNTARY EMPLOYEES’ BENEFICIARY ASSOCIATIONS (VEBAS. In accordance with state and federal law, the bargaining unit has agreed to form a VEBA (tax-free medical spending accounts) funded by the retiree’s sick leave cash out in Section 14.12, above. Should the bargaining unit wish to conduct a vote to determine whether a VEBA will continue for the next calendar year, the Union must notify the Employer by July 1. RULE 15 - SEVERANCE PAY
VOLUNTARY EMPLOYEES’ BENEFICIARY ASSOCIATIONS (VEBAS. 3 In accordance with state and federal law, colleges/districts and employees in bargaining 4 units may agree to form a VEBA (tax-free medical spending accounts) funded by the 5 6 Agreement will be implemented only by written agreement with the Union.
