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What types of OPEB plans do governments use?

April 26, 2017governments OPEB plans types

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What types of OPEB plans do governments use?

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There are two basic forms of post-employment benefit plans. Defined benefit plans are those that specify the amount of benefits to be provided to employees after the end of their employment. Defined contribution plans stipulate only the amounts to be contributed by an employer to a plan member’s account each year of active employment; such plans do not specify the amount of benefits employees will receive after the end of their employment.