Jackson College Minutes Regular Meeting of the Board of Trustees 2026-05-11
Board Funds CEO VEBA Managed by Miller Financial
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Description
Jackson College’s Board received recommendations from Miller Financial Services, the managing agent for the CEO’s VEBA retirement healthcare savings plan, and approved funding the plan with $250,000 over three years. The Board also formalized oversight by naming an internal record keeper and requiring annual written updates.
Contract Details
Contract Amount
$250,000 over three years (plan funding level; not all necessarily fees)
Vendor
MILLER FINANCIAL SERVICES
Agency
Jackson College, MI
Contract Type
FINANCIAL_SERVICES
Document Date
May 11, 2026
Contract Term
Three years
Renewal Info
Existing VEBA arrangement continues; Board set a three-year funding commitment of $250,000 but did not specify contract renewal or expiration terms with the managing agent.
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