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Where it can be used, the collectively bargained VEBA is especially valuable because it allows tax-deductible contributions, tax-free asset accumulation, and the ability to fund the entire retiree medical liability, including the medical inflation component.
You can see this in the difference between funding for management employees under a 501 (c) (9) trust and the more tax-advantaged funding vehicles for collectively bargained employees.
Assistant Public Defender Bob Kalunian, whose office represented most of those people, said about 70 percent were plea bargained.
SeaBright and Ulico share a fundamental commitment to Collectively Bargained Workers' Compensation and to the needs of union employers and union members.
Ulico Insurance Group (Ulico), a member of the ULLICO Family of Companies, specializes in collectively bargained workers' compensation programs and union liability errors and omissions coverage for union organizations and organized employers, and is a leading provider of fiduciary liability coverage for jointly managed benefit trust funds.
We bargained provisions in the contract to guarantee that our members would not be sold like packaged goods," said USWA executive vice president John Sellers.
In connection with a labor dispute, the USWA had alleged that the company had not bargained in good faith and that the company's lockout of USWA members in January 1999 was illegal.
Dan Keating, president of the CUTW said, "We can be proud of the contract which we bargained earlier this year.
Dan Keating, president of the CUTW said, We can be proud of the contract which we bargained earlier this year.