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SEC no action letter for Emeriti Retirement Health Solutions

July 7, 2008

McGuireWoods recently obtained a no action letter from the SEC for Emeriti Retirement Health Solutions. The Emeriti program enables colleges and universities to offer employees a way to invest and accumulate assets during working years with a tax advantage, to help pay for medical costs in retirement. The no action letter allows Emeriti to make changes in its (pre-age 65) health insurance program without losing the benefit of a prior no action position from the SEC.