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| Retiree Health Funding Plan Offered to Colleges under Program Created by Educational Consortium Business Insurance; free registration required  May 25, 2005 Excerpt: Colleges and universities and their employees could tax-effectively prefund retiree health care expenses under a program set to begin in July. Under the plan, which backers say is the first of its kind, educational institutions nationwide and their staffs would contribute to special trusts known as Voluntary Employees' Beneficiary Assns. Contributions would be invested -- at the direction of employees -- in mutual funds managed by Fidelity Investments. |
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