Voluntary Employees' Beneficiary Association (VEBA)

Voluntary Employees' Beneficiary Association (VEBA),

Definition of Voluntary Employees' Beneficiary Association (VEBA):

  • Established by an employee as the first tax method of financing certain employee benefits under U.S. tax law. Like a trust, once the money is in VEBA, it cannot be withdrawn except for the payment of benefits.

  • The Association of Voluntary Beneficiaries (VEBA) is a type of mutual insurance company that provides life, illness, accident, illness and similar benefits to its members, relatives or beneficiaries.

Literal Meanings of Voluntary Employees' Beneficiary Association (VEBA)

Voluntary:

Meanings of Voluntary:
  1. Made, donated or traded voluntarily.

  2. In operation, manufactured or maintained without payment.

  3. The solo organ is played before, during or after the service.

  4. (Competitive) Special achievements that remain to select actors.

Sentences of Voluntary
  1. We fund ourselves through voluntary partnerships.

  2. Volunteer help

Synonyms of Voluntary

not required, without pay, non-mandatory, open to choice, open, volunteer, pro bono (publico), at one's discretion, discretionary, permissive, up to the individual, unpaid, elective, for free, without payment, volitional, optional, non-compulsory, for nothing, honorary

Employees:

Meanings of Employees:
  1. Someone who is employed for a salary or a salary, especially at the non-executive level.

Synonyms of Employees

white-collar worker, workforce, hired person, hired man, workman, blue-collar worker, artisan, hand, staff, member of the workforce, labourer, hired help, hireling, worker, personnel, wage-earner, member of staff, hired hand, breadwinner

Beneficiary:

Meanings of Beneficiary:
  1. Someone who benefits from something, especially a trust, will, or life insurance policy.

Synonyms of Beneficiary

heritor, recipient, devisee, donee, payee, cestui que trust, heiress, grantee, inheritor, legatee, heir, assignee, receiver

Association:

Meanings of Association:
  1. A group of people (usually by name) are organized with a common goal.

  2. Cooperative relations or relationships between people or organizations.

  3. The mental connection between things

Sentences of Association
  1. National Association of Probation Officers

  2. Established close ties with the university.

  3. The word bureaucracy is an uncomfortable association.

Synonyms of Association

contact, merger, partnership, club, organization, dealings, interconnection, interchange, corporation, cooperative, group, brotherhood, attachment, syndicate, interrelation, trust, company, guild, bond, relation, body, society, fraternity, clique, federation, consortium, connection, relationship, interdependence