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Causes: Voluntary Employees Beneficiary Associations (Non-Government)
Mission: See part i, line 1.
Programs: Ongoing operations of the trust - during the tax year, participants contributed specified amounts based on applicable monthly premiums for their respective benefit elections and bargaining unit. The costs of the post-retirement benefits plan are shared by the timken company and retirees and vary from plan to plan. The timken company made contributions to the trust as needed to fund claims on a pay-as-you-go basis.