Originally Posted by
CHAIRMAN
Other issue with the Veba is when you die it does not pass to your estate just back into the fund for all the other pilots. Also it takes 2 pay cycles for the 401k contribution to take effect when changed so waiting till you hit the max and then selecting zero will put at least $1500 or more into the Veba
So, If I contribute to my VEBA, and I die, my money just goes away to people that aren't in my family? Shouldn't that be against the law?
I was told that all moneys over the IRS limits annually will go into the VEBA. You mean you can direct the money to go elsewhere???
Does my estate have the standing to sue for those moneys? My surviving spouse can't use the VEBA money?
hello ALPA.....
Maybe we should kill the VEBA, and just give us the cash to invest on our own.........