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About VEBA >
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- VEBA stands for the Voluntary Employees Benefits Association.
- The Southern California Schools VEBA began operations in October 1993 as a cooperative labor-management trust program committed to achieving the highest quality and most cost-effective benefits programs for every eligible education employee in Southern California.
- The VEBA board of directors
includes 12 voting members, equally divided between labor and management.
- Through the unity of design, purchase and administration, VEBA trust participants have control over quality of care and cost.
- With labor and management joining forces, the trust has more negotiating power with providers than small, individual districts could ever attain.
- Insurance rates have been lowered markedly for VEBA participating districts while at least the same level of benefits has been maintained.
- Contracted health carriers must meet high performance guarantees or suffer financial penalties.
- A shared governance structure and representation through VEBA encourages cooperation among districts, union associations and school boards.
- An annual member satisfaction survey and communication strategy ensure that timely, targeted and meaningful information is delivered to members.
- Trust members have health care choice and benefits portability within Southern California districts.
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