OPEB definition

OPEB means other post-employment benefits obligations.
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OPEB means health and dental post-employment benefits and/or life insurance benefits, each as provided by any of the Sears Canada Entities as a post-employment benefit;
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OPEB means other post-employment benefits.
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Examples of OPEB in a sentence

  • Current employees as of the date of signing of the collective agreement who retire not later than December 31, 2019, with a minimum of five (5) years’ pensionable service shall qualify for OPEB.

  • Former employees who are deferred pensioners within the meaning of the Other Post- Employment Benefits Modification Act, S.N.L. 2014 c.O-9 (the “Act”) shall, as of the coming into force of the Act, only be entitled to OPEB in accordance with the Act.

  • Contributions to the OPEB Trust, or to the interest bearing account holding funds to be transferred to the OPEB Trust upon its creation, are irrevocable and will not be used towards the payment of OPEB benefits before January 1, 2019.

  • Bargaining unit members not subject to OPEB prefunding shall begin contributing upon attaining eligibility for health benefits.

  • Such contributions shall be used by the County exclusively to offset a portion of the County’s annual required contribution amount to the California Employers Retirement Benefit Trust established for the express purpose of meeting the County’s other post employment benefits (OPEB) obligations and shall not be used for any other purpose.


More Definitions of OPEB

OPEB means post-employment benefits other than pension benefits, including, as applicable, medical, dental, vision, life and accidental death and dismemberment.
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OPEB means “other postemployment benefits”.
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OPEB means post-retirement health care benefits and employer-paid post-retirement basic life insurance benefits, collectively.
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OPEB means non-pension postretirement benefit obligations based upon, arising under or related to any agreement, commitment or other obligation, whether evidenced by contract, agreement, rule, regulation, ordinance, statute or law for any postretirement health, vision, dental, life and death benefits provided to retired employees of the Debtors and their surviving beneficiaries.
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OPEB means “other post-employment benefits,” such as medical, dental, vision, life insurance, long-term care and other similar benefits, provided to retirees, other than pension benefits.
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OPEB means other post-employment benefits, which in this context are the irrevocable trusts that prefund retiree health care benefits for the Tier 1 Plans and in which the State Treasurer is appointed as investment fiduciary pursuant to the Public Employee Retirement Health Care Funding Act, 2010 PA 77, as amended, MCL 38.2731 et seq.
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OPEB means “other post-employment benefits,” such as medical, dental, vision, life insurance, long-term care and other similar benefits, provided to Eligible Employees, other than pension benefits.
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