Setting up Other Post-Employment Benefits (OPEB)

posted May 12, 2015, 6:40 PM by Peyri Herrera   [ updated Jul 16, 2015, 8:54 AM by Vanessa Boyle ]
OPEB stands for Other Post-Employment Benefits. These are benefits (other than pensions) that governments provide to their retired employees. These benefits principally involve health care benefits, but also may include life insurance, disability, legal and other services. The CRC has created a job aid titled Other Post-Employment Benefits (OPEB) v1.0 (4 pp.) that provides instruction for OPEB setup in PeopleSoft for the allocation of retired employees health benefit costs, active employees past unfunded costs, and the direct-charging of active employees normal costs for retirement health benefits. For future reference, this job aid is located in the “Payroll – Other” section of the PeopleSoft Guides and Job Aids page.