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VEBA

   Also found in: Wikipedia 0.01 sec.
AcronymDefinition
VEBAVoluntary Employees' Beneficiary Association


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A VEBA allows the employer a great deal of latitude in choosing plan benefits.
A VEBA MAY BE A GOOD WAY FOR CERTAIN BUSINESSES to cut taxes, provide benefits for employees--including owner-employees--and protect assets from personal and business creditors.
Cabot, which previously held a 50% ownership interest in the plant, purchased the remaining interest from Huels AG, whose parent company is the Veba Group, Germany.
 
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