Spring 2007 issue of Horizons

knowledge. commitment. value. CERTIFIED PUBLIC ACCOUNTANTS AND BUSINESS CONSULTANTS

• Also requires each employer in cost-sharing plans that do not issue a publicly available stand-alone plan financial report and are not included in the financial report of another entity, to present as RSI the schedules of funding progress and employer contributions for the plan (and notes to these schedules). Each employer also should disclose that the information presented relates to the cost-sharing plan as a whole, of which the employer is one participating employer, and should provide information helpful for understanding the magnitude of the information presented relative to the employer. This statement is effective for periods beginning after June 15, 2007, except for requirements related to the use of the entry age actuarial cost method for the purpose of reporting a surrogate funded status and funding progress of plans that use the aggregate actuarial cost method, which are effective for periods for which the financial statements and RSI contain information resulting from actuarial valuations as of June 15, 2007, or later.

Questions? Contact:

Jeff Winter, CPA, CGFM Partner-in-Charge Public Sector Services Group 314.290.3408 jeff.winter@rubinbrown.com

32 u summer 2007 issue