IRS Reconfirms VEBA Trust Tax Exempt Status For Release 9 a.m. PST August 9, 1999 VEBA Press Release

On August 9th, the IRS issued the VEBA Trust an updated Letter of Determination which confirms the Trust continues to operate in compliance with the provisions of Internal Revenue Code Section 501(c)(9). This letter was issued after IRS review of the Trust's current operations and documents. The Trust requested this updated letter from the IRS to reconfirm their tax status because the Trust has added new benefits and added the following new groups of eligible employees: community and technical college, state agency, and higher education. VEBA Participation Grows Participation in the VEBA plans is more popular than ever! K-12 School Districts - over 95% participate Community & Technical Colleges - 25 participate State Agencies & Universities - Over 20 have adopted the Plan since March of 1999 when VEBA and the Department of Personnel signed a Contract About VEBA Founded in 1984, the non-profit VEBA Trust for Public Employees in the State of Washington offers tax-free medical expense reimbursement plans to eligible employers. The Trust currently provides benefits to over 12,000 employees statewide and Trust assets exceed $42,000,000. The Trust offers members three investment fund choices For Details Contact: VEBA Service Group, LLC Western Washington 1-800-422-4023 VEBA Service Group, LLC Eastern Washington 1-800-888-VEBA