WASHINGTON–(ENEWSPF)–December 9, 2009. The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) has announced a proposed exemption that, if granted, would allow the Ford Motor Co. to transfer company securities to a voluntary employee beneficiary association (VEBA) trust, which would fund a new health plan established to provide health benefits for the company’s retirees. The new health plan would cover in excess of 285,000 retirees and their dependents, and a small number of active employees.
