Voluntary Employees Beneficiary Association

Voluntary Employees Beneficiary Association

Also called a VEBA. A non-profit organization in the United States that administers employee benefits. Under the subsection, profits from a VEBA are tax free, provided employees are not required to join, members control the organization, earnings do not benefit any one member or group of members and the VEBA does not substantially engage in any activities other than administration of benefits.
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However, we didn't see meaningful results until we were able to convert our Voluntary Employees Beneficiary Association trust relationship to Colorado's Boards of Education Self-Funded Trust pool--and then partner with Penrose-St.
68 million in assets he had taken from the Regional Employers Assurance Leagues Voluntary Employees Beneficiary Association and the Single Employer Welfare Benefit Plan Trusts.
Texas regulators shut down Britannia International Life & Casualty for selling unauthorized stop-loss coverage to employers through two plans that were shut down in March 2002 for being illegal: American Benefit Plans and United Employers Voluntary Employees Beneficiary Association.
It is 501(c)(9) Tax Exempt Trust, commonly referred to as the Voluntary Employees Beneficiary Association (VEBA).
Tax Court held that contributions made by an employer to its voluntary employees beneficiary association (VEBA) for post-retirement medical and life insurance benefits were not deductible because the amounts contributed were spent the following year on benefits for active employees and did not constitute a "reserve" for retiree benefits.
The proceeds from this claim are anticipated to be contributed to a Voluntary Employees Beneficiary Association Trust.
Although they have been in existence since 1928, Voluntary Employees Beneficiary Associations (VEBA) are not well known or understood.
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