[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]
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