Different Submit-Employment Advantages (OPEB) check with monetary obligations or commitments by an employer to supply medical protection or different advantages to retired staff, their dependents, and beneficiaries. These advantages can embody medical insurance, dental insurance coverage, imaginative and prescient insurance coverage, life insurance coverage, and long-term care insurance coverage.
OPEB is necessary as a result of it gives monetary safety for retirees and their households. It will possibly assist them to cowl the prices of healthcare, which may be important in retirement. OPEB also can assist to draw and retain staff, as it’s a helpful profit that may make an organization extra aggressive within the job market.
