In 2007, all three automakers created a Voluntary Employee Beneficial Association and eliminated the defined benefit plan pension for new hires. A VEBA is an independent trust that is financed by the ...

A VEBA is an independent trust that is financed by the companies and the union to fund retiree health care. The company thought transferring retirees’ health care to the union-operated trust ...

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Zack Sigel is a writer and editor based in New York City. He has been managing editor at Policygenius and M1 Finance, where he led teams specialized in writing about business and finance, and he ...

His editorial clients include the Atlanta Business Chronicle and Advisors magazine. Investopedia / Ellen Lindner A health savings account (HSA) lets you set aside pre-tax money to pay for medical ...

Employees retiring with more than 20 years of service will receive $9,000 added to their VEBA medical savings account. Employees with 10 to 20 years of service would receive a $6,000 VEBA ...