Oregon Administrative Rules
Chapter 459 - OREGON PUBLIC EMPLOYEES RETIREMENT SYSTEM
Division 7 - EARNINGS AND INTEREST DISTRIBUTION
Section 459-007-0009 - Allocating Costs of Compliance with Generally Accepted Accounting Principles
Universal Citation: OR Admin Rules 459-007-0009
Current through Register Vol. 63, No. 9, September 1, 2024
(1) Pursuant to ORS 238.610(1)(b), PERS will provide employers with audited financial data each year to comply with generally accepted accounting principles as established by the Government Accounting and Standards Board (GASB) standards.
(2) Prior to earnings crediting each year, PERS shall compile the actuarial, auditing, and internal staff costs of providing the audited financial data it will provide to employers. Earnings on employer contribution accounts shall be reduced by the amount of those costs.
Stat. Auth.: ORS 238.650 & 238A.450
Stats. Implemented: ORS 238.610(1)(b)
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