June 15, 2010

As we enter the summer months things have been quite busy for the VEBA Administrative Board and the professionals we employ.  The reason--healthcare reform.  As you all know by now, Congress passed sweeping reform measures this Spring.  What is less known is that there has been very little guidance as far as the specifics of how the new laws will be enacted.  The Board has tasked its advisors with researching how the changes will affect the VEBA and what steps the VEBA can take to participate in new programs that may be available to us.  Later this month the Board will meet with the advisors in person and we will update on any steps that the VEBA might take (or have to take) as a result of the new changes.  Later in the summer we will also get the first renewal rate information for the insurance programs and will update the retirees when we get solid numbers for 2011.  Thank you, and enjoy the summer.  We look forward to providing more information as it comes to us.    

The Dana Non-Union VEBA Administrative Board

Michael Carrigan (Chairman), Edward Balcar, John Black, Donna Doyle and Thomas Schlemmer
 

 
It is with profound sadness that we note the passing of Ed Cole.  Ed was on the original Retiree Committee in Dana's bankrupcty and he generously gave of his time over the last three years as a VEBA Board member.  He is missed by everyone who knew him. 

Many VEBA participants have inquired about the impact of the recent health care reforms (The Patient Protection and Affordable Care Act and The Health Care and Education Reconciliation Act) . Toward these ends, we have a brief memo addressing these new laws for your review. Please email us with any questions or concerns if not addressed in this explanation. Please click here to view the article of health care reforms.

Finally, the Toledo Area Dana Retirees have asked the VEBA Board to speak at one of its meetings later this year.  Look for further information both here and through the TADRA. 
______________________________
PLEASE NOTE: the auditors employed by the VEBA are completing their review of the 2009 VEBA business.  We expect getting those results in the late summer, after which time the VEBA Annual Report will be sent out to the retirees.

For participants of VEBA, the final draft of the Summary Plan Description (SPD) and the Plan Document is available.  Please click here to view the document. 

*For individual, benefit specific questions, please call Comprehensive Benefits (866-914-3768).  For any other questions or comments, please contact us.