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The VEBA Plan can be funded through a variety of sources, including:
- Mandatory employee contributions (monthly contributions);
- COLA increase;
- Sick leave cash-out (upon retirement or separating from service);
- Annual sick leave buy back (for those with 180 or more sick leave days);
- Vacation, personal, other leave cash-outs; and
- Unused monthly benefit dollars (after pooling).
Please check with your benefits department to determine if your employee group may participate in the VEBA Plan. |
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