OPEB is an acronym for Other Post-Employment Benefits.

OPEB Reports provide more complete, reliable, and decision-useful financial reporting regarding the costs and financial obligations of the district associated with post-employment benefits other than pensions as part of the compensation for services rendered by their employees.

Post-employment healthcare benefits and deferred-compensation arrangements are the most common form of OPEB, and represent a significant financial commitment for many governments.

OPEB Reports are updated every two years as required by accounting standards.