Different Put up-Employment Advantages (OPEB) confer with monetary obligations or commitments by an employer to offer 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 vital as a result of it gives monetary safety for retirees and their households. It might assist them to cowl the prices of healthcare, which may be important in retirement. OPEB may also assist to draw and retain staff, as it’s a priceless profit that may make an organization extra aggressive within the job market.
