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VEBA
Voluntary Employees' Beneficiary Association (VEBA) Information

A VEBA is a defined contribution health reimbursement arrangement plan for retiree healthcare expenses. Employees at the City of San Jose will either be placed into the VEBA if they are in Federated Tier 2B or Police and Fire Tier 2.

Beginning Pay Period 8 (March 25, 2018 - April 7, 2018), Tier 2B and Police and Fire Tier 2 employees will commence contributions to the VEBA as show below:

Employee Unit

VEBA Contribution Rate

Police/Fire

4.0%

Federated

2.0%



More information about the VEBA can be found in the program description:

VEBA Program Description

You can find more information about how to access your VEBA account and allocate your assets in the Welcome Kit.

If you have retired from the City of San Jose or separated from City Service and reached retirement age, you can find more information about using your VEBA account in the Claim Eligible Kit.

Summary of Benefits and Coverage

Resources
For questions like what is a VEBA and how do I receive reimbursements after retirement, please use this Frequently Asked Questions document:

Frequently Asked Questions - Tier 2B and Police and Fire Tier 2

Please note that CalPERS Classic employees in the Federated System hired after September 27, 2013, sworn Police employees hired after August 4, 2013, and sworn Fire employees hired after January 2, 2015 are also mandated to join the VEBA.

What expenses are reimbursable under the VEBA?

This flyer contains the eligible expenses: QUALIFIED EXPENSES and PREMIUMS


Contact Us
For more information about the VEBA plan, please contact 

    (408) 535-8322 or

    OR

    For investment and account questions, contact VOYA at 408-881-0110 or visit a local VOYA representative every Wednesday in City Hall Tower, 4th Floor for open office hours 9am-3pm, with lunch from 12pm-1pm.