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Retiree Health VEBAs: A New Twist On An Old Paradigm

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Publication Date: March 2009

Publisher(s): Henry J. Kaiser Family Foundation

Author(s): Henry J. Kaiser Family Foundation

Topic: Health (Health care financing)
Labor (Labor conditions, wages, salaries, and benefits)

Keywords: VEBA; retiree; benefits

Type: Report

Coverage: United States

Abstract:

This issue brief provides an overview of stand-alone Voluntary Employees' Beneficiary Association trusts, through which employers have been able to rid themselves of future obligations to pay retiree health benefits in exchange for making a significant payment to designed to approximate the projected cost of these benefits. The paper include three case studies, including the VEBAs at the Big Three automakers.