Different Put up-Employment Advantages (OPEB) seek advice from 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 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 could possibly assist them to cowl the prices of healthcare, which will be important in retirement. OPEB may also assist to draw and retain staff, as it’s a worthwhile profit that may make an organization extra aggressive within the job market.
