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How can I find a VEBA that might be interested in bidding on my benefit plan, as required under section 5(2) of PA 106 of 2007?
A VEBA is the creation of the federal internal revenue code. VEBAs are not regulated by state government and Michigan does not maintain a listing of such entities. A pooled plan or public employer unable to locate a VEBA can meet the requirements of section 5(2) by publishing a public notice or advertisement in a trade or general circulation publication inviting VEBAs submit bids in response to the notice.