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Nonprofit Overview
Causes: Voluntary Employees Beneficiary Associations (Non-Government)
Programs: The expenses represent the health benefits (hospitalization, physician services, prescription coverage, and major medical in excess of medicare coverage, and/or all or a portion of medicare part b premiums) provided to retired employees. The majority of revenue represents the contributions from retired faculty and retired staff employees who contribute towards their benefits based upon specific formulas as described in the plan document. The number of active, retired or separated participants receiving benefits or entitled to future benefits as of 6/30/17 is 18,391.