[Federal Register Volume 75, Number 83 (Friday, April 30, 2010)]
[Notices]
[Pages 22754-22756]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-10124]


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DEPARTMENT OF DEFENSE

Office of the Secretary


Federal Advisory Committee; Department of Defense Board of 
Actuaries; Charter Renewal

AGENCY: Department of Defense (DoD).

ACTION: Renewal of Federal advisory committee.

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SUMMARY: Under the provisions of 10 U.S.C. 183, the Federal Advisory 
Committee Act of 1972, (5 U.S.C. Appendix), the Government in the 
Sunshine Act of 1976 (5 U.S.C. 552b, as amended), and 41 CFR 102-3.50, 
the Department of Defense gives notice that it is renewing the charter 
for the Department of Defense Board of Actuaries (hereafter referred to 
as the Board).

FOR FURTHER INFORMATION CONTACT: Jim Freeman, Deputy Advisory Committee 
Management Officer for the Department of Defense, 703-601-6128.

SUPPLEMENTARY INFORMATION: The Board is a non-discretionary Federal 
advisory committee that shall provide independent advice and 
recommendations on matters relating to the Department of Defense 
Military Retirement Fund, the Department of Defense Education Benefits 
Fund and

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other funds as the Secretary of Defense shall specify. The Board shall:
    a. 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;
    b. Review valuations of the Department of Defense Education 
Benefits Fund in accordance with 10 U.S.C. 2006(e) 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;
    c. Review valuations of such other funds as the Secretary of 
Defense shall specify for purposes 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; and
    d. Furnish advice and opinions on matters referred to the Board by 
the Secretary of Defense.
    The Secretary of Defense shall ensure that the Board has access to 
such records regarding the Department of Defense Military Retirement 
Fund, the Department of Defense Education Benefits Fund, and other 
funds specified by the Secretary of Defense for purposes of 10 U.S.C. 
183 as the Board shall require to determine the actuarial status of 
such funds.
    The Under Secretary of Defense for Personnel and Readiness may act 
upon the Board's advice and recommendations.
    The Board shall be comprised 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. Board members 
shall be appointed by the Secretary of Defense, and their membership 
shall be renewed by the Secretary of Defense on an annual basis.
    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.
    Board 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 misconduct or failure to 
perform functions vested in the Board, and for no other reason.
    Board members shall not be re-appointed 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.
    Board members appointed by the Secretary of Defense, who are not 
full-time or permanent part-time Federal officers or employees, shall 
serve as Special Government Employees under the authority of 5 U.S.C. 
3109 and shall, under the authority of 10 U.S.C. 2006, serve with 
compensation, to include travel and per diem for official travel. 
Specifically, 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.
    The Department of Defense shall provide non-voting technical 
advisors to assist the Board in execution of its duties. The following 
individuals shall designate one DoD employee from each fund under the 
Board's purview (the Department of Defense Military Retirement Fund, 
the Department of Defense Education Benefits Fund, and other funds 
specified by the Secretary of Defense for purposes of 10 U.S.C. 183) to 
serve as a non-voting advisor to assist the Board:
    a. The Under Secretary of Defense (Comptroller)/Chief Financial 
Officer;
    b. The Deputy Under Secretary of Defense for Military Personnel 
Policy;
    c. The Assistant Secretary of Defense for Reserve Affairs; and
    d. The Department of Defense General Counsel.
    In addition, the Department of Defense Chief Actuary will serve as 
a non-voting advisor and the Executive Secretary for the Board.
    With DoD approval, the Board is authorized to establish 
subcommittees, as necessary and consistent with its mission. 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 (5 U.S.C. 552b), and other appropriate Federal 
statutes and 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 Committee; nor can they report directly to the Department of 
Defense or any Federal officers or employees who are not Board members.
    Subcommittee members, who are not Board members, shall be appointed 
in the same manner as the Board members.
    The Board shall meet at the call of the Board's Designated Federal 
Officer, in consultation with the Chairperson, and either the Secretary 
of Defense or the Under Secretary of Defense for Personnel and 
Readiness. The estimated number of Committee meetings is one per year.
    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. In 
addition, the Designated Federal Officer is required to be in 
attendance at all meetings; however, in the absence of the Designated 
Federal Officer, the Alternate Designated Federal Officer shall attend 
the meeting.
    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 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

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can 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.

    Dated: April 27, 2010.
Mitchell S. Bryman,
Alternate OSD Federal Register Liaison Officer, Department of Defense.
[FR Doc. 2010-10124 Filed 4-29-10; 8:45 am]
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