Other Post-Employment Benefits (OPEB) represents the current and future obligations of the Town of North Andover’s post-employment health insurance benefits. In simple terms, the OPEB Liability is a function of the Town’s cost of retiree health insurance policies and the number of current and future retired employees who receive such coverage. The Committee’s goal was to assess methods for reducing and funding the Town’s OPEB Liability. For the purpose of this report, the term OPEB Liability is synonymous with Net OPEB Liability.