[Federal Register Volume 79, Number 192 (Friday, October 3, 2014)]
[Notices]
[Pages 59862-59863]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-23565]


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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: Request for applications.

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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

[[Page 59863]]

enrollment of individuals who wish to perform actuarial services under 
ERISA. To assist in its examination duties mandated by ERISA, the Joint 
Board has established the Advisory Committee on Actuarial Examinations 
(Advisory Committee) in accordance with the provisions of the Federal 
Advisory Committee Act (FACA), 5 U.S.C. App. 2. The current Advisory 
Committee members' terms expire on February 28, 2015. This notice 
describes the Advisory Committee and invites applications from those 
interested in serving on the Advisory Committee for the March 1, 2015-
February 28, 2017, term.

DATES: Applications for membership on the Advisory Committee must be 
received by the Executive Director of the Joint Board, by no later than 
December 5, 2014.

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

    Members are appointed for a 2-year term. The upcoming term will 
begin on March 1, 2015, and end on February 28, 2017. 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

    Advisory Committee members are appointed as Special Government 
Employees (SGEs). As such, members are 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 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 
December 5, 2014.

    Dated: September 26, 2014.
Patrick W. McDonough,
Executive Director, Joint Board for the Enrollment of Actuaries.
[FR Doc. 2014-23565 Filed 10-2-14; 8:45 am]
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