Veba HealthCare.com - authority on Veba Retiree health benefit plan

About Veba HealthCare.com

Our firm is the nation's leading authority on Veba plans, Retiree health benefit plans,
Employee benefit association plans, Welfare benefit funds, and other pension and
retirement plans for corporations, states and municipalities.

Listen to Lance Wallach discussing VEBA's and health care costs on National Public
Radio's show "All Things Considered". Click here to listen.

What We Do

Plan reviews & evaluations
Plan compliance consulting
Healthcare cost reduction strategies
Research & analysis of plan regulations
Captive insurance companies
Plan reporting for financial statements
Corporate tax reduction strategies

President & CEO,
Lance Wallach

Member of the
AICPA faculty of
teaching
professionals.
AICPA author,
instructor &
national speaker.
National Society of
Accountants
Speaker of the Year.
Writes financial
articles for over 50
national
publications.

Our other Veba
web sites:

VebaPlan.com

FinanceExperts.org

Veba HealthCare.com
A Veba Plan LLC site

Veba Health Care.com
68 Keswick Lane
Plainview, NY 11803

ph: 516-938-5007
fax: 516-938-6330

Email:
LaWallach@aol.com

Letter to Lance Wallach from Ford Motor benefits representative:

Fri, 11 Jan 2008
Subject: VEBAs

Dear Mr. Wallach,

It as a pleasure speaking with you this afternoon. I appreciate the time you
spent listening and the giving of your advice.

Next week, we, a small splinter union (IAM) within a large Ford Motor
facility, at Cleveland Casting Plant will be negotiating our contract. This site
is mostly represented by the UAW who have already consummated their
contract with Ford Motor Company, and has accepted the VEBA option for
their retirees. Their VEBA will be run by the UAW and whoever they decide
to confide in to execute the health care benefit and the investments with
the millions that Ford Motor will hand over to them, and then Ford will wash
their hands of any more health care responsibilities.

Our IAM negotiations start Jan. 14th. The small group of individuals that will
be across the table from the experts representing Ford Motor, are
comprised of a few elected people that are Pattern Maker/Machinist by
trade. We have no one of any particular expertise in finance, healthcare,
or investment. We are expected to come to terms with little, to no
knowledge or leverage of the task set before us. We have 1300 peoples
lives that will be affected by these negotiations. It is a shame that the larger
unions will not step up to the plate and help with the terms that we are
faced with. Ford Motor will use this to their advantage to squeeze a few
more dollars out of our pockets..

Thank you again for your generous contribution of foresight and
knowledge to the concerns facing the American workers in this globalistic
battle for the bottom line.

Sincerely,
Mark A. Gwynn
IAM Benefits Rep.
Ford Motor
Cleveland Casting Plant

Expertise:

"Mr. Wallach, thanks so much for taking the time to
talk to me today about VEBAs. Any information
you can send me would be helpful. Hopefully, we
can work together in the future as interest in
VEBAs increase."

Corman G. Franklin
Office of the Assistant Secretary for Policy
U.S. Department of Labor

Sep 18, 2007

Subject: Re: VEBA education

Mr. Wallach,
Thank you so much. I will read this material and if I have any questions I
will call. I do have one very important question that comes to mind - Have
you ever seen a VEBA go bad and if so, how could it have been
prevented? I know like some mutual funds do not last and if this program
is based on investment, there is a very real possibility that the funds could
loose significant amounts. Is there a safe guard to this problem?

Dixie Price
U.A.W. Communication Coordinator
270.745.8141
U.A.W. Local 2164
712 Plum Springs Loop
Bowling Green, KY 42101

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