Question

Other postemployment benefits (OPEB) are not reported by governments since their costs are not fully known until payments are made.

True
False

Answer 1

Other postemployment benefits (OPEB) are reported by governments, although their costs are not fully known until payments are made. Governments are required to account for and report these benefits.

Step-by-step explanation:

False. Other postemployment benefits (OPEB) are reported by governments, although their costs are not fully known until payments are made. OPEB refers to benefits other than pensions that governments provide to their retired employees, such as health care or life insurance. While the exact amount of these benefits may not be known in advance, governments are still required to account for and report them.