1. (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. (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.

Statutory/Other Authority

ORS 238.650 & 238A.450

Statutes/Other Implemented

ORS 238.610(1)(b)

History

PERS 3-2015, f. & cert. ef. 1-30-15
PERS 16-2014(Temp), f. & cert. ef. 11-21-14 thru 5-19-15
PERS 9-2014, f. & cert. ef. 7-25-14