The Committee on Actuarial Valuation of Retired Employees' Health Benefits (OPEB Committee), as established in G.S. 135-48.12, is responsible for conducting the required actuarial valuations of state-supported retired employees' health benefits under other post-employment benefit accounting standards set forth by the Governmental Accounting Standards Board of the Financial Accounting Foundation.

The Committee consists of four members:

1. The State Budget Officer (Chair);
2. The State Controller;
3. The State Treasurer; and
4. Executive Administrator for the State Health Plan for Teachers and State Employees.