[Federal Register Volume 85, Number 186 (Thursday, September 24, 2020)]
[Notices]
[Pages 60267-60268]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-21039]


=======================================================================
-----------------------------------------------------------------------

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.

-----------------------------------------------------------------------

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. 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). The 
current Advisory Committee members' terms expire on February 28, 2021. 
This notice describes the Advisory Committee and invites applications 
from those interested in serving on the Advisory Committee for the 
March 1, 2021-February 28, 2023, term.

DATES: Applications for membership on the Advisory Committee must be 
received by the Joint Board, by no later than December 4, 2020.

ADDRESSES: Send applications electronically with APPLICATION FOR 
ADVISORY COMMITTEE inserted in subject line to [email protected]. See 
SUPPLEMENTARY INFORMATION for application requirements.

FOR FURTHER INFORMATION CONTACT: Elizabeth Van Osten, Designated 
Federal Officer, Advisory Committee on Actuarial Examinations, at 202-
317-3648 or [email protected].

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.

[[Page 60268]]

    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) developing and reviewing examination 
questions, (3) recommending proposed 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, 2021, and end on February 28, 2023. 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. Due to the COVID-19 pandemic, 
meetings will be held by teleconference until travel restrictions are 
lifted and in-person meetings can be held safely. 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 must be submitted electronically to 
[email protected]. The transmittal email should include APPLICATION FOR 
ADVISORY COMMITTEE in the subject line. Applications must be received 
by December 4, 2020.

    Dated: September 18, 2020.
Thomas V. Curtin, Jr.
Executive Director, Joint Board for the Enrollment of Actuaries.
[FR Doc. 2020-21039 Filed 9-23-20; 8:45 am]
BILLING CODE 4830-01-P