Voluntary Employees Beneficiary Association (VEBA)

{
  "id": "MLC-T-INS-003491",
  "term": "Voluntary Employees Beneficiary Association (VEBA)",
  "field": "Insurance and risk management",
  "definition": "A tax-exempt trust established by employers to provide certain welfare benefits to employees and their dependents, such as life insurance, health benefits, and disability coverage. Contributions to a VEBA are tax-deductible for the employer, and the earnings within the trust are generally tax-free. These associations are governed by Section 501(c)(9) of the Internal Revenue Code.",
  "abbreviation": "VEBA",
  "url": "https://mlchart.com/terminology/insurance/voluntary-employees-beneficiary-association-veba/"
}