Different Put up-Employment Advantages (OPEB) consult 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 embrace 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 might probably assist them to cowl the prices of healthcare, which might be important in retirement. OPEB may also assist to draw and retain staff, as it’s a helpful profit that may make an organization extra aggressive within the job market.
