[Federal Register Volume 73, Number 38 (Tuesday, February 26, 2008)]
[Notices]
[Pages 10228-10229]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E8-3602]


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DEPARTMENT OF DEFENSE

Office of the Secretary of Defense


Establishment of Department of Defense Federal Advisory 
Committees

AGENCY: DoD.

ACTION: Establishment of Federal Advisory Committee.

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SUMMARY: Under the provisions of the Federal Advisory Committee Act of 
1972 (5 U.S.C. Appendix, as amended), and the Government in the 
Sunshine Act of 1976 (5 U.S.C. 552b, as amended), the Department of 
Defense gives notice that it is establishing the Department of Defense 
Board of Actuaries (hereafter referred to as the Board).
    The Board is a non-discretionary federal advisory committee 
established under the authority of 10 U.S.C. 183. The Board shall: (1) 
Review valuations of the Department of Defense Military Retirement Fund 
in accordance with 10 U.S.C. 1465(c) and submit to the President and 
Congress, not less than once every four years, a report on the status 
of the Fund including such recommendations for modifications to the 
funding or amortization of that Fund as the Board considers appropriate 
and necessary to maintain that Fund on a sound actuarial basis; (2) 
review valuations of the Department of Defense Education Benefits Fund 
in accordance with 10 U.S.C. 2006(e), as amended, and make 
recommendations to the President and Congress on such modifications to 
the funding or amortization of that Fund as the Board considers 
appropriate to maintain that Fund on a sound actuarial basis; and (3) 
review valuations of such other funds as the Secretary of Defense shall 
specify for purpose of 10 U.S.C. 183 and make recommendations to the 
President and Congress on such modifications to the funding or 
amortization of such funds as the Board considers appropriate to 
maintain such funds on a sound actuarial basis. The Secretary of 
Defense shall ensure that the Board has access to such records 
regarding the Military Retirement Fund and the Department of Defense 
Education Benefits Fund as the Board shall require to determine the 
actuarial status of such funds.
    The Board shall be composed of not more than three members 
appointed by the Secretary of Defense from among qualified professional 
actuaries who are members of the Society of Actuaries. Members 
appointed by the Secretary of Defense, who are not federal officers or 
employees, shall serve as Special Government Employees under the 
authority of 5 U.S.C. 3109.
    The members shall serve for a term of 15 years, except that a 
member of the Board appointed to fill a vacancy occurring before the 
end of the term for which the predecessor was appointed shall serve 
only until the end of such term. A member may serve after the end of 
the term until a successor has taken office. A member of the Board may 
be removed by the Secretary of Defense for

[[Page 10229]]

misconduct or failure to perform functions vested in the Board, and for 
no other reason.
    Each member of the Department of Defense Retirement Board of 
Actuaries or the Department of Defense Education Benefits Board of 
Actuaries, as of the date of enactment of section 906 of Public Law 
110-181, shall serve as an initial member of the Department of Defense 
Board of Actuaries from that date until the date otherwise provided for 
the completion of such individual's term as a member of the Department 
of Defense Retirement Board of Actuaries or the Department of Defense 
Education Benefits Board of Actuaries, as the case may be, unless 
earlier removed by the Secretary of Defense.
    A member of the Board who is not an employee of the United States 
is entitled to receive pay at the daily equivalent of the annual rate 
of basic pay of the highest rate of basic pay then currently being paid 
under the General Schedule of subchapter III of chapter 53 of title 5, 
United States Code, for each day the member is engaged in the 
performance of the duties of the Board. In addition, each member shall 
receive compensation for per diem and travel for official Board travel.
    Members shall not be reappointed for successive terms. The 
Chairperson of the Board shall be designated by the Under Secretary of 
Defense for Personnel and Readiness, on behalf of the Secretary of 
Defense, for a five-year term.
    The Board shall be authorized to establish subcommittees, as 
necessary and consistent with its mission, and these subcommittees or 
working groups shall operate under the provisions of the Federal 
Advisory Committee Act of 1972, the Government in the Sunshine Act of 
1976, and other appropriate federal regulations.
    Such subcommittees or workgroups shall not work independently of 
the chartered Board, and shall report all their recommendations and 
advice to the Board for full deliberation and discussion. Subcommittees 
or workgroups have no authority to make decisions on behalf of the 
chartered Board nor can they report directly to the Department of 
Defense or any federal officers or employees who are not Board members.

SUPPLEMENTARY INFORMATION: The Committee shall meet at the call of the 
Board's Designated Federal Officer, in consultation with the Board's 
chairperson and the Under Secretary of Defense for Personnel and 
Readiness. The Designated Federal Officer, pursuant to DoD policy, 
shall be a full-time or permanent part-time DoD employee, and shall be 
appointed in accordance with established DoD policies and procedures. 
The Designated Federal Officer or duly appointed Alternate Designated 
Federal Officer shall attend all board meetings and subcommittee 
meetings.
    Pursuant to 41 CFR 102-3.105(j) and 102-3.140, the public or 
interested organizations may submit written statements to the 
Department of Defense Board of Actuaries' membership about the Board's 
mission and functions. Written statements may be submitted at any time 
or in response to the stated agenda of planned meeting of the 
Department of Defense Board of Actuaries.
    All written statements shall be submitted to the Designated Federal 
Officer for the Department of Defense Board of Actuaries, and this 
individual will ensure that the written statements are provided to the 
membership for their consideration. Contact information for the 
Department of Defense Board of Actuaries' Designated Federal Officer, 
once appointed, may be obtained from the GSA's FACA Database--https://www.fido.gov/facadatabase/public.asp.
    The Designated Federal Officer, pursuant to 41 CFR 102-3.150, will 
announce planned meetings of the Department of Defense Board of 
Actuaries. The Designated Federal Officer, at that time, may provide 
additional guidance on the submission of written statements that are in 
response to the stated agenda for the planned meeting in question.

FOR FURTHER INFORMATION CONTACT: Jim Freeman, Deputy Committee 
Management Officer for the Department of Defense, 703-601-2554, 
extension 128.

    Dated: February 19, 2008.
L.M. Bynum,
Alternate OSD Federal Register Liaison Officer, Department of Defense.
 [FR Doc. E8-3602 Filed 2-25-08; 8:45 am]
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