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Agenda 12-12-23; 12-2 - Information Item - Memorandum Regarding Other Post-Employment Benefits Cash Flow
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Agenda 12-12-23; 12-2 - Information Item - Memorandum Regarding Other Post-Employment Benefits Cash Flow
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12/7/2023 3:01:39 PM
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12/7/2023 2:53:05 PM
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BOCC
Date
12/12/2023
Meeting Type
Business
Document Type
Agenda
Agenda Item
12-2
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Agenda for December 12, 2023 BOCC Meeting
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\BOCC Archives\Agendas\Agendas\2023\Agenda - 12-12-2023 Business Meeting
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What Is an OPEB <br /> ➢ OPEB stands for Other Postemployment Benefits <br /> ➢ OPEB refers to benefits, other than pensions, that are paid in the period <br /> after employment. OPEB includes: <br /> ➢ Postemployment healthcare benefits such as medical, dental, vision, <br /> hearing, etc., whether provided through a pension plan or <br /> separately; and <br /> ➢ Other benefits such as death benefits, life insurance, disability, long- <br /> term care, etc., when provided separately from a pension plan. <br /> ➢ Orange County's OPEB benefits include medical, prescription drug, and <br /> a Health Savings Account contribution. <br /> C"01 <br /> `g`h eaa""e <br />
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