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What is the Voluntary Retirement Incentive Program (VERI)?

April 26, 2017program retirement veri Voluntary

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What is the Voluntary Retirement Incentive Program (VERI)?

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For an employee who retires under the Washington State University Retirement Plan (WSURP) because of this incentive program, WSU will make a one-time payment of $18,000 into a tax exempt medical expense plan account that qualifies under Section 501(c)(9) of the Internal Revenue Code.