The Knowledge Group
The Knowledge Group

Stephen Alpert, Principal, Mercer LLC & Vice-Chair of the American Academy of Actuaries' Pension Accounting Committee to Speak at KC’s Event on SFAS 158 on 12/07/07

New York, NY, November 15, 2007 --( The Knowledge Congress, the leading producer of regulatory focused teleconferences has announced today that Stephen A. Alpert, Principal and Consulting Actuary of Mercer LLC and Vice-Chair of the American Academy of Actuaries' Pension Accounting Committee will speak at the Knowledge Congress’ upcoming teleconference entitled: “Statement 158 Pension & Postretirement Accounting”. This 2-hour event is scheduled for December 7, 2007, Friday, at 1:00 PM - 3:00 PM EDT. (For further details of the event and an updated list of panelists, please visit:

In September 2006, the FASB issued FASB Statement No. 158, Employers' Accounting for Defined Benefit Pension and Other Postretirement Plans. This new standard requires plan sponsors to:

Recognize the overfunded/underfunded status of a benefit plan on the employer’s balance sheet
Measure a plan’s assets and obligation as of the end of the employer's fiscal year

The deadline for recognizing the funded status in the financial statements was effective as of the end of the fiscal year ending after December 15, 2006 for public companies and at the end of the fiscal year ending after June 15, 2007 for all other companies. The use of fiscal year end as the measurement date is required for fiscal years ending after December 15, 2007.

The Knowledge Congress has assembled a panel of widely distinguished experts and industry thought leaders to help companies understand the new accounting rule. The panel will present their findings, which includes best practices, in a live two-hour teleconference.

About Stephen A. Alpert

Steve Alpert is a principal and consulting actuary in Mercer's New York office and, as a member of the firm's Actuarial Resource Network, works with consultants worldwide on matters dealing with accounting for retirement plans.

He is currently Vice-Chair of the American Academy of Actuaries' Pension Accounting Committee and a member of its Pension Practice Council.

Steve is an Enrolled Actuary, a Fellow of the Society of Actuaries and the Conference of Consulting Actuaries, and a Member of the American Academy of Actuaries.

About Mercer

Mercer is a leading global provider of consulting, outsourcing and investment services. Mercer works with clients to solve their most complex benefit and human capital issues, designing and helping manage health, retirement and other benefits. It is a leader in benefit outsourcing. Mercer’s investment services include investment consulting and multi-manager investment management. Mercer’s 17,000 employees are based in more than 40 countries. The company is a wholly owned subsidiary of Marsh & McLennan Companies, Inc., which lists its stock (ticker symbol: MMC) on the New York, Chicago and London stock exchanges.

For more information about Stephen A. Alpert and Mercer, please visit:

About The Knowledge Congress

The Knowledge Congress is an organization that produces teleconferences that examine regulatory changes across a variety of industries. “We bring together the world's leading authorities and industry participants through informative two-hour teleconferences to study the impact of changing regulations.” To contact or to register to an event, please visit:

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