VEBA applies to faculty and staff employed in a benefits-eligible position between June 30, 2013 and June 30, 2015. During the Open Enrollment period, VEBA participants have the opportunity to opt out of the VEBA trust. Electing to opt out means that VEBA contributions will no longer be deducted from an employee’s paycheck effective July 1. Opting out of VEBA participation is only permitted during the Open Enrollment window, and results in the loss of any applicable grandfathered VEBA service credit and forfeiture of access to UNM Post-Retirement Benefits. To opt out, go to the VEBA Open Enrollment page. For information on VEBA in general, see the VEBA Post-Retirement Health Benefits page.