What are OPEB benefits?
Besides monthly pension payments, many California public employees receive health, dental, or other benefits that are funded in part by their former employer when they retire. These health, dental, and other benefits are often referred to as “other post-employment benefits” (OPEB). OPEB benefit packages are not always the same for different retired public employees. Employees of different governmental entities (the state, universities, cities, counties, school districts, and other public entities) often receive different levels of benefits. In some cases, governments offer no OPEB benefits to their retirees. Retiree health benefits comprise the largest category of OPEB benefits and thus the term retiree healthcare is often used interchangeably with OPEB.
