[Federal Register Volume 77, Number 72 (Friday, April 13, 2012)]
[Notices]
[Pages 22293-22295]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-8945]


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DEPARTMENT OF DEFENSE

Office of the Secretary


Renewal of Department of Defense Federal Advisory Committees

AGENCY: 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), and 41 CFR 102-3.50(a), 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'').

[[Page 22294]]

    The Board is a statutory federal advisory committee that shall 
provide independent advice and recommendations on matters relating to 
the Department of Defense (DoD) Military Retirement Fund, the 
Department of Education Benefits Fund and 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 Board shall report to the Secretary of Defense, through the 
Under Secretary of Defense for Personnel and Readiness. The Under 
Secretary of Defense for Personnel and Readiness, in accordance with 
governing DoD policies and procedures 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.
    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 takes 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.
    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, who are not full-time or permanent part-time Federal 
officers or employees, shall be appointed to serve as experts and 
consultants under the authority of 5 U.S.C. 3109 and shall serve as 
special government employee members, and shall, under the authority of 
10 U.S.C. 183((b)(4), serve with compensation, to include travel and 
per diem for official travel. 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 DoD 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 shall serve as 
a non-voting advisor and the Executive Secretary for the Board.
    Each Board member is appointed to provide advice on behalf of the 
government on the basis of his or her best judgment without 
representing any particular point of view and in a manner that is free 
from conflict of interest.
    The Department, when necessary, and consistent with the Board's 
mission and DoD policies and procedures, may establish subcommittees 
deemed necessary to support the Board. Establishment of subcommittees 
will be based upon a written determination, to include terms of 
reference, by the Secretary of Defense, the Deputy Secretary of Defense 
or the advisory committee's sponsor.
    Such subcommittees 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 have no 
authority to make decisions on behalf of the chartered Board; nor can 
any subcommittee or its members update or report directly to the DoD or 
any Federal officers or employees. Subcommittees shall comply with 
FACA.
    All subcommittee members shall be appointed in the same manner as 
the Board members; that is, the Secretary of Defense shall appoint 
subcommittee members even if the member in question is already a Board 
member.
    Subcommittee members, with the approval of the Secretary of 
Defense, may serve a term of service on the subcommittee of one to four 
years; however, no member shall serve more than two consecutive terms 
of service on the subcommittee.
    Subcommittee members, if not full-time or part-time government 
employees, shall be appointed to serve as experts and consultants under 
the authority of 5 U.S.C. 3109, and shall serve as special government 
employees, whose appointments must be renewed by the Secretary of 
Defense on an annual basis. Under the authority of 10 U.S.C. 183(b)(4), 
these special government employee members shall serve with 
compensation, to include travel and per diem for official travel. In 
addition, each member shall receive compensation for per diem and 
travel for official Board travel.
    All subcommittees operate under the provisions of FACA, the 
Government in the Sunshine Act of 1976 (5 U.S.C. 552b), governing 
Federal statutes and regulations, and governing DoD policies/
procedures.

FOR FURTHER INFORMATION CONTACT: Jim Freeman, Advisory Committee 
Management Officer for the Department of Defense, 703-692-5952.

SUPPLEMENTARY INFORMATION: The Board shall meet at the call of the 
Board's

[[Page 22295]]

Designated Federal Officer, in consultation with the Board's 
Chairperson, and either the Secretary of Defense of the Under Secretary 
of Defense for Personnel and Readiness. The estimated number of Board 
meetings is one per year.
    In addition, the Designated Federal Officer is required to be in 
attendance at all Board and subcommittee meetings for the entire 
duration of each and every meeting; however, in the absence of the 
Designated Federal Officer, a properly approved Alternate Designated 
Federal Officer shall attend the entire duration of the Board or 
subcommittee meeting.
    The Designated Federal Officer, or the Alternate Designated Federal 
Officer, shall call all of the Board's and subcommittees' meetings; 
prepare and approve all meeting agendas; adjourn any meeting when the 
Designated Federal Officer, or the Alternate Designated Federal 
Officer, determines adjournment to be in the public interest or 
required by governing regulations or DoD policies/procedures; and chair 
meetings when directed to do so by the official to whom the Board 
reports.
    Pursuant to 41 CFR 102-3.105(j) and 102-3.140, the public or 
interested organizations may submit written statements to 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 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 10, 2012.
Aaron Siegel,
Alternate OSD Federal Register Liaison Officer, Department of Defense.
[FR Doc. 2012-8945 Filed 4-12-12; 8:45 am]
BILLING CODE 5001-06-P