Different Submit-Employment Advantages (OPEB) seek advice from monetary obligations or commitments by an employer to supply medical protection or different advantages to retired workers, their dependents, and beneficiaries. These advantages can embrace 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 might probably assist them to cowl the prices of healthcare, which could be important in retirement. OPEB may also assist to draw and retain workers, as it’s a invaluable profit that may make an organization extra aggressive within the job market.
