What is an OPEB actuarial valuation?
An OPEB actuarial valuation is a financial model that places a value on the obligations of the OPEB plan. The valuation places a value on the benefits of retired employees as well as the benefits that are expected to be provided to eligible active employees who will retire in the future. The values assigned will reflect the eligibility and benefit provisions of the OPEB plan as well as assumptions about current and future benefit costs, ages at which employees will retire and other related assumptions.
