[Federal Register Volume 78, Number 111 (Monday, June 10, 2013)]
[Notices]
[Pages 34671-34672]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-13608]


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JOINT BOARD FOR THE ENROLLMENT OF ACTUARIES


Invitation for Membership on Advisory Committee

AGENCY: Joint Board for the Enrollment of Actuaries.

ACTION: Notice.

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SUMMARY: The Joint Board for the Enrollment of Actuaries (Joint Board), 
established under the Employee Retirement Income Security Act of 1974 
(ERISA), is responsible for the enrollment of individuals who wish to 
perform actuarial services under ERISA. The Joint Board has established 
the Advisory Committee on Actuarial Examinations (Advisory Committee) 
to assist in its examination duties mandated by ERISA. The current 
Advisory Committee members' terms expire on August 31, 2013. This 
notice describes the Advisory Committee and invites applications from 
those interested in serving on the Advisory Committee for the September 
1, 2013-February 28, 2015, term.

DATES: Applications for membership on the Advisory Committee must be 
received by the Executive Director of the Joint Board, by no later than 
July 31, 2013.

ADDRESSES: Mail or deliver applications to: Patrick W. McDonough; 
Executive Director, Joint Board for the Enrollment of Actuaries; Return 
Preparer Office SE:RPO; Internal Revenue Service; 1111 Constitution 
Avenue NW.; REFM, Park 4, Floor 4; Washington, DC 20224. Send 
applications electronically to: [email protected].
    See SUPPLEMENTARY INFORMATION for application requirements.

FOR FURTHER INFORMATION CONTACT: Patrick W. McDonough, Executive 
Director, at (703) 414-2173.

SUPPLEMENTARY INFORMATION:

1. Background

    To qualify for enrollment to perform actuarial services under 
ERISA, an applicant must satisfy certain experience and knowledge 
requirements, which are set forth in the Joint Board's regulations. An 
applicant may satisfy the knowledge requirement by successful 
completion of Joint Board examinations in basic actuarial mathematics 
and methodology and in actuarial mathematics and methodology relating 
to pension plans qualifying under ERISA.
    The Joint Board, the Society of Actuaries, and the American Society 
of Pension Professionals & Actuaries jointly offer examinations 
acceptable to the Joint Board for enrollment purposes and acceptable to 
the other two actuarial organizations as part of their respective 
examination programs

2. Scope of Advisory Committee Duties

    The Advisory Committee plays an integral role in the examination 
program by assisting the Joint Board in offering examinations that 
enable examination candidates to demonstrate the knowledge necessary to 
qualify for enrollment. The Advisory Committee's duties, which are 
strictly advisory, include (1) Recommending topics for inclusion on the 
Joint Board examinations, (2) reviewing and drafting examination 
questions, (3) recommending examinations, (4) reviewing examination 
results and recommending passing scores, and (5) providing other 
recommendations and advice relative to the examinations, as requested 
by the Joint Board.

3. Member Terms and Responsibilities

    Generally, members are appointed for a 2-year term. However, the 
upcoming term will be 18 months in duration, beginning on September 1, 
2013, and ending on February 28, 2015. Members may seek reappointment 
for additional consecutive terms.
    Members are expected to attend approximately 4 meetings each 
calendar year and are reimbursed for travel expenses in accordance with 
applicable government regulations. In general, members are expected to 
devote 125 to 175 hours, including meeting time, to the work of the 
Advisory Committee over the course of a year.

4. Member Selection

    The Joint Board seeks to appoint an Advisory Committee that is 
fairly balanced in terms of points of view represented and functions to 
be performed. Every effort is made to ensure that most points of view 
extant in the enrolled actuary profession are represented on the 
Advisory Committee. To that end, the Joint Board seeks to appoint 
several members from each of the main practice areas of the enrolled 
actuary profession, including small employer plans, large employer 
plans, and multiemployer plans. In addition, to ensure diversity of 
points of view, the Joint Board limits the number of members affiliated 
with any one actuarial organization or employed with any one firm.
    Membership normally will be limited to actuaries currently enrolled 
by the Joint Board. However, individuals having academic or other 
special qualifications of particular value for the Advisory Committee's 
work also will be considered for membership. Federally-registered 
lobbyists and individuals affiliated with Joint Board enrollment 
examination preparation courses are not eligible to serve on the 
Advisory Committee.

5. Member Designation

    It is expected that Advisory Committee members will be appointed as 
Special Government Employees (SGEs). As such, members will be subject 
to certain ethical standards applicable to SGEs. Upon appointment, each 
member will be required to provide written confirmation that he/she 
does not have a financial interest in a Joint Board examination 
preparation course. In addition, each member will be required to attend 
annual ethics training.

6. Application Requirements

    To receive consideration, an individual interested in serving on 
the

[[Page 34672]]

Advisory Committee must submit (1) a signed, cover letter expressing 
interest in serving on the Advisory Committee and describing his/her 
professional qualifications, and (2) a resume and/or curriculum vitae. 
Applications may be submitted by regular mail, overnight and express 
delivery services, and email. In all cases, the cover letter must 
contain an original signature. Applications must be received by July 
31, 2013.

    Dated: June 3, 2013.
Patrick W. McDonough,
Executive Director, Joint Board for the Enrollment of Actuaries.
[FR Doc. 2013-13608 Filed 6-7-13; 8:45 am]
BILLING CODE 4830-01-P