Overview
What is Veba For Retirees Of Kaiser Aluminum?
Veba For Retirees of Kaiser Aluminum is a trust-based nonprofit organization based in Pittsburgh, Pennsylvania. It provides health benefits to current and future retirees of Kaiser Aluminum following their employment in certain USW and IAM represented bargaining units. The organization offers prescription drug benefits to eligible Medicare-eligible participants, their beneficiaries, and covered dependents. Eligible participants receive Medicare Part B reimbursements based on a fixed monthly rate from the plan. Veba also established a healthcare premium reimbursement program that provides reimbursement for premiums paid by enrolled participants for various qualified medical, prescription, dental, and vision benefits.
Is Veba For Retirees Of Kaiser Aluminum legitimate?
Veba For Retirees Of Kaiser Aluminum is a legitimate nonprofit organization registered as a 501(c)(9) entity. Veba For Retirees Of Kaiser Aluminum submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Veba For Retirees Of Kaiser Aluminum?
Veba For Retirees of Kaiser Aluminum functions as a trust, dedicated to extending specific health benefits to current and former employees of certain USW and IAM bargaining units. The mission of this trust is to ensure that these retirees have access to essential health benefits following their employment with Kaiser Aluminum. The fund offers Medicare-eligible participants prescription drug benefits, along with reimbursements for premiums paid towards qualified medical, vision, and dental benefits, based on a fixed monthly rate. By providing these benefits, Veba For Retirees of Kaiser Aluminum strives to make healthcare more accessible and affordable for eligible retirees and their dependents.
Who is the CEO of Veba For Retirees Of Kaiser Aluminum?
Thomas F Duzak is the Trustee/Chairman of Veba For Retirees Of Kaiser Aluminum.
What is the revenue of Veba For Retirees Of Kaiser Aluminum?
Veba For Retirees Of Kaiser Aluminum's revenue in 2022 was $13,714,181.
Who are the executives of Veba For Retirees Of Kaiser Aluminum and what are their salaries?
Here are 4 key members and their salaries:
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Where can I find the form 990 for Veba For Retirees Of Kaiser Aluminum?
Veba For Retirees Of Kaiser Aluminum's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Veba For Retirees Of Kaiser Aluminum
Veba For Retirees of Kaiser Aluminum, a trust fund, is dedicated to delivering specific health benefits to current and future retirees of Kaiser Aluminum. These retirees have previously been employed in certain USW and IAM represented bargaining units.
The primary objective of Veba For Retirees of Kaiser Aluminum is to ensure that eligible retirees, their beneficiaries, and covered dependents receive Medicare Part B reimbursements based on a fixed monthly rate from the plan. The fund goes beyond this by providing a Healthcare Premium Reimbursement Program to help enrolled participants with the costs of various qualified medical, prescription, dental, and vision benefits.
Veba For Retirees of Kaiser Aluminum plays a significant role in the health and wellbeing of its retirees by offering prescription drug benefits to Medicare-eligible participants. This comprehensive coverage not only enhances the retirees' quality of life but also provides them with peace of mind as they transition into retirement. The fund's commitment to its mission is unwavering, enabling it to create a safer and more secure future for its retirees.
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Impact
October, 2024
Veba For Retirees Of Kaiser Aluminum significantly impacts the lives of its beneficiaries by providing essential health benefits tailored for retirees transitioning from active employment. The fund ensures that Medicare-eligible participants receive crucial prescription drug benefits, health care premium reimbursements, and Medicare Part B reimbursements, which are vital for managing healthcare costs.
By offering a structured healthcare premium reimbursement program, it alleviates the financial burden associated with various medical, dental, and vision expenses, enhancing the overall well-being of retirees and their dependents. This financial support fosters a sense of security and stability among former employees, allowing them to focus on enjoying their retirement years without the stress of mounting healthcare costs. The program not only serves current retirees but also extends its benefits to future retirees, thereby creating a sustainable support system that emphasizes the health and welfare of those who served under specific bargaining units.
Overall, Veba For Retirees Of Kaiser Aluminum plays a crucial role in safeguarding the health interests of retirees and ensuring they have access to necessary medical resources throughout their retirement.
This information is meant to be a general summary of Veba For Retirees Of Kaiser Aluminum. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $5,543,776
- Gross Receipts: $51,389,370
Assets and Liabilities:
- Total Assets: $797,437,318
- Total Liabilities: $25,733
- Net Assets: $797,411,585
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Organization Details
Founding Year
2004
Phone
(412) 201-2242Principal Officer
Thomas F Duzak
Main Address
60 BLVD OF THE ALLIES 5TH FL, PITTSBURGH, PA, 15222
NTEE Category
Code: Y43 - Mutual benefit
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