Other Post Employment Benefits (OPEB) are benefits that employers provide to their retirees, other than pension benefits. They are usually composed of retiree health care benefits, prescription drug coverage, dental and vision, but may also include life insurance, disability, long-term care, and other services.
OPEB Management Strategies
Many municipalities are looking for strategies to manage or reduce unfunded liability associated with OPEB. With growing attention and awareness on unfunded liability and the impact on communities, it is important for you to understand your options.
MERS partners with hundreds of municipalities across Michigan with the Health Care Savings Program and/or the Retiree Health Funding Vehicle. In addition, we have collaborated with Aptia365 to provide you with access to a private retiree health care exchange.
OPEB Case Studies
Our Managing OPEB Liabilities publication contains case studies from Michigan municipalities that demonstrate successful strategies for addressing OPEB liability challenges.
Here to Help
MERS offers a variety of options for managing OPEB. Call Your Regional Team to help you choose the strategy that best fits your needs.
