VEBA


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AcronymDefinition
VEBAVoluntary Employees' Beneficiary Association
VEBAVereinigte Elektrizitäts- und Bergwerks AG (German: United Electricity and Mining)
VEBAVoluntary Employee Benefit Account
VEBAValley East Basketball Association (Canada)
VEBAVoluntary Employee Benefit Advisors (Nashville, TN)
References in periodicals archive ?
In connection with the VEBA Trusts acquisition in 2009 of the shares of GM common stock subject to this offering, the U.
In addition to the new hospital network, the district worked with its VEBA trust, the Boards of Education Self-Funded Trust (BEST), to implement a new investment opportunity for the trust assets.
Peabody officials noted that the company already has contributed $165 million to VEBA since 2013 under a prior three-party agreement that involved the union and Patriot.
Chrysler Group, a United States-based automaker, has completely repaid a USD5bn loan to the UAW's VEBA trust.
Reuters reported previously that VEBA seeks to get almost USD6bn (EUR4.
According to the informed people, VEBA is trying to determine which option would provide it with more proceeds - a listing of the shares or a sale of the entire stake to Fiat.
VEBA countersued Fiat, claiming the Chrysler shares were worth about $343.
A VEBA is a tax-exempt organization under Internal Revenue Code section 501(c) (9) that meets the following requirements:
For tax year 2000, CNG, a tax-exempt VEBA, reported unrelated business taxable income (UBTI) of $2,693,592, from investments and paid UBIT of $1,065,684.
A VEBA can be either a trust or a corporation, but is generally a trust.
Although similar to a retirement plan, a VEBA is really an IRS-tax-exempt trust, to which a business owner can make discretionary contributions of pre-tax dollars, which in turn reduces the company owner's tax burden.
VEBA assets are protected from the claims of creditors, the amounts in which contributions are made can be flexible and benefits are highly favorable to the business owners, with no vesting for employees.