Greystone Power Corporation VEBA Tr

Overview

Greystone Power Corporation VEBA Tr is a Voluntary Employees' Beneficiary Association (VEBA), a type of non-governmental employee benefit organization. It is affiliated with Greystone Power Corporation, a member-owned, not-for-profit electric cooperative based in Georgia. The primary mission of Greystone Power Corporation VEBA Tr is to provide certain retiree healthcare benefits to eligible employees of Greystone Power Corporation.

Purpose and Function

VEBAs like Greystone Power Corporation VEBA Tr are established to manage and distribute benefits to employees, such as healthcare benefits, through a trust structure. This approach helps companies ensure that promised benefits are funded and managed effectively, providing financial security for employees during retirement.

Establishment and Ruling Year

Greystone Power Corporation VEBA Tr was established with the ruling year reported as 2004. This indicates the legal framework under which it operates and provides benefits to its beneficiaries.

Affiliation with Greystone Power Corporation

Greystone Power Corporation itself is a cooperative that provides electric service to portions of eight counties in the west-metro Atlanta area. The organization operates on a not-for-profit basis, allocating excess revenues back to its member-owners, typically in the form of patronage capital.

Financial and Organizational Structure

Details about the specific financial structure or organizational operations of Greystone Power Corporation VEBA Tr are limited. However, as a VEBA, it is likely structured to manage assets dedicated to providing healthcare benefits to retirees, operating under its own governance and financial management principles.