A voluntary employees’ beneficiary association (VEBA) plan is a tax-exempt trust set up by employers or a group of employees to cover the eligible medical expenses of its members, their ...

In December, the IRS/Treasury (“IRS”) published final rules addressing how employers that fund health and welfare benefits through a VEBA (i.e., a voluntary employees’ beneficiary ...

As part of the bankruptcy filing Monday, the United Auto Workers union agreed to forgive $20 billion GM owed the VEBA and accept the 17.5% stake plus $6.5 billion in preferred shares and a $2.5 ...

The Court of Federal Claims ruled that a tax-exempt voluntary employees’ beneficiary association (VEBA) recognized income subject to the unrelated business income tax (UBIT) because it exceeded the ...

According to the Wall Street Journal, the fund—known as the Voluntary Employees’ Beneficiary Association or VEBA—will impose new cuts in medical benefits and impose higher out-of-pocket ...

Franklin County is moving forward with changes to a popular, but costly benefits program. Commissioners are hoping the move could save the county millions, but it would cost some employees more ...

Membership in a VEBA generally must be limited to employees, including certain former employees. 1 Membership may include some non-employees, as long as they share an employment-related bond with ...

As previously detailed, Chrysler made a cash payment of $1.9 billion and Fiat North America made a cash payment of $1.75 billion to the Voluntary Employment Benefit Association (VEBA) run by the ...

In approving Wednesday an $82 billion Michigan budget, the legislators appropriated $10 million for the health care VEBA, saying in the bill language that the money should be spent "to provide ...

CatalanoFact checked by Maddy Simpson A voluntary employees’ beneficiary association (VEBA) plan is a tax-exempt trust set up by employers or a group of employees to cover the eligible medical ...