4726 Retirement Medical Expense Plan (VEBA) Policy

Policy Details 

Policy Name: Retirement Medical Expense Plan (VEBA)  

Policy Number: 4726 Applicable  

Code/Law: RCW 41.04.340, RCW 28B.50.553 

Policy 

The policy of Shoreline College District Number Seven (7) is to administer a post-retirement medical benefits plan for eligible employees using funds from sick leave buyouts at retirement. These plans are commonly referred to as a “VEBA” (Voluntary Employees’ Beneficiary Association) plan, and the College shall participate in such a plan. This policy applies to all employees eligible to accrue compensable sick leave.   

Approvals 

Reviewed by College Council: 05/26/2026

Reviewed by Institutional Equity Advisory Committe: 06/11/2026

Recommended by Executive Team: 06/16/2026