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