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Committee Detail

Hide Section - GENERAL INFORMATION

GENERAL INFORMATION

Committee NameDepartment of Defense Board of ActuariesAgency NameDepartment of Defense
Fiscal Year2018Committee Number34735
Original Establishment Date3/6/2008Committee StatusChartered
Actual Termination Date Committee URL 
New Committee This FYNoPresidential Appointments*No
Terminated This FYNoMax Number of Members*3
Current Charter Date7/1/2018Designated Fed Officer Position Title*Designated Federal Officer
Date Of Renewal Charter7/1/2020Designated Federal Officer PrefixMs.
Projected Termination Date Designated Federal Officer First Name*Inger
Exempt From Renewal*NoDesignated Federal Officer Middle NameM.
Specific Termination AuthorityDesignated Federal Officer Last Name*Pettygrove
Establishment Authority*Statutory (Congress Created)Designated Federal Officer Suffix
Specific Establishment Authority*Section 906 of Public Law 110-181; codified in 10 USC 183Designated Federal Officer Phone*(703) 225-8803
Effective Date Of Authority*1/30/2008Designated Federal Officer Fax*(571) 372-1975
Committee Type*ContinuingDesignated Federal Officer Email*inger.m.pettygrove.civ@mail.mil
Presidential*No
Committee Function*Scientific Technical Program Advisory Board
Hide Section - RECOMMENDATION/JUSTIFICATIONS

RECOMMENDATION/JUSTIFICATIONS

Agency Recommendation*Continue
Legislation to Terminate RequiredYes
Legislation StatusNot Applicable
How does cmte accomplish its purpose?*The Board, under the provisions of 10 U.S.C. § 183, and the Federal Advisory Committee Act of 1972 (5 U.S.C., as amended), shall (1) 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; (2) review valuations of the Department of Defense Education Benefits Fund in accordance with 10 U.S.C. § 2006(e), as amended, 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; and (3) review valuations of such other funds as the Secretary of Defense shall specify for purpose 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.
How is membership balanced?*The Board, pursuant to 10 U.S.C. § 183(b)(1), shall be composed 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. Members appointed by the Secretary of Defense, who are not federal officers or employees, shall serve as Special Government Employees under the authority of 5 U.S.C. § 3109.
How frequent & relevant are cmte mtgs?*Estimated Number of Meetings per Year - 1
Why advice can't be obtained elsewhere?*This advisory committee was directed by Congress (section 906 of Public Law 110-181) and is codified in 10 § 183.
Why close or partially close meetings?Meetings are not closed to the public unless the Department of Defense determines that items on the planned agenda meet the closed meeting provisions of 5 U.S.C. § 552b(c). Pursuant to DoD policy closed meetings can only be authorized by the Under Secretary of Defense for Personnel and Readiness, and only after consultation with the Office of the Department of Defense General Counsel.
Recommendation Remarks
Hide Section - PERFORMANCE MEASURES

PERFORMANCE MEASURES

Outcome Improvement To Health Or Safety*NoAction Reorganize Priorities*No
Outcome Trust In GovernmentYesAction Reallocate ResourcesNo
Outcome Major Policy ChangesNoAction Issued New RegulationsNo
Outcome Advance In Scientific ResearchNoAction Proposed LegislationNo
Outcome Effective Grant MakingNoAction Approved Grants Or Other PaymentsNo
Outcome Improved Service DeliveryNoAction OtherNo
Outcome Increased Customer SatisfactionYesAction CommentN/A
Outcome Implement Laws/Reg RequirementsYesGrants Review*No
Outcome OtherNoNumber Of Grants Reviewed0
Outcome CommentN/ANumber Of Grants Recommended0
Cost Savings*Unable to DetermineDollar Value Of Grants Recommended$0.00
Cost Savings CommentThe Board provides a valuable and necessary service to the Funds at a fraction of what these services would cost in the private sector.Grants Review CommentN/A
Number Of Recommendations*15Access Contact Designated Fed. Officer*Yes
Number Of Recommendations CommentThe Board updates this section once every four years after submitting the review valuations of the DoD Military Retirement Fund in accordance with 10 U.S.C. § 1465(c) to the President and Congress.Access Agency WebsiteYes
% of Recs Fully Implemented*0.00%Access Committee WebsiteNo
% of Recs Fully Implemented CommentWhile none of the recommendations has been implemented in full, many are under current consideration by the Department.Access GSA FACA WebsiteYes
% of Recs Partially Implemented*50.00%Access PublicationsNo
% of Recs Partially Implemented CommentCongress continues to strive to consider all costs when making changes to military retirement benefits. Education Benefits Fund (EBF) data continues to improve, and DoDIG is considering auditing the EBF in future. Some of the recommendations/comments are longer term in nature and would require legislative changes.Access OtherNo
Agency Feedback*Not ApplicableAccess CommentN/A
Agency Feedback CommentN/ANarrative Description*The DoD Board of Actuaries is tasked with advising the Secretary of Defense on all actuarial matters necessary to make determinations on the DoD Military Retirement Fund, the DoD Education Benefits Fund, and the DoD Voluntary Separation Incentive Fund in order to finance liabilities of the Funds on an actuarially sound basis. The mission of the Board is to assist and advise the Secretary of Defense on actuarial matters associated with the Funds.
Hide Section - COSTS

COSTS

Payments to Non-Federal Members*$15,000.00Est Payments to Non-Fed Members Next FY*$16,000.00
Payments to Federal Members*$0.00Est. Payments to Fed Members Next FY*$0.00
Payments to Federal Staff*$82,000.00Estimated Payments to Federal Staff*$84,000.00
Payments to Consultants*$0.00Est. Payments to Consultants Next FY*$0.00
Travel Reimb. For Non-Federal Members*$4,000.00Est Travel Reimb Non-Fed Members nextFY*$5,000.00
Travel Reimb. For Federal Members*$0.00Est Travel Reimb For Fed Members*$0.00
Travel Reimb. For Federal Staff*$0.00Est. Travel Reimb to Fed Staff Next FY*$0.00
Travel Reimb. For Consultants*$0.00Est Travel Reimb to Consultants Next FY*$0.00
Other Costs$0.00Est. Other Costs Next FY*$0.00
Total Costs$101,000.00Est. Total Next FY*$105,000.00
Federal Staff Support (FTE)*0.60Est. Fed Staff Support Next FY*0.60
Hide Section - MEMBERS,MEETINGS AND ADVISORY REPORTS

MEMBERS,MEETINGS AND ADVISORY REPORTS

To View all the members, meetings and advisory reports for this committee please click here
Hide Section - CHARTERS AND RELATED DOCS

CHARTERS AND RELATED DOCS

No Documents Found
Hide Section - DATA FROM PREVIOUS YEARS

DATA FROM PREVIOUS YEARS

Committee

Data from Previous Years

  
ActionCommittee System IDCommittee NameFiscal Year
 COM-001395Department of Defense Board of Actuaries2017
 COM-002898Department of Defense Board of Actuaries2016
 COM-003552Department of Defense Board of Actuaries2015
 COM-005086Department of Defense Board of Actuaries2014
 COM-005548Department of Defense Board of Actuaries2013
 COM-007172Department of Defense Board of Actuaries2012
 COM-007786Department of Defense Board of Actuaries2011
 COM-009328Department of Defense Board of Actuaries2010
 COM-009878Department of Defense Board of Actuaries2009
 COM-011246Department of Defense Board of Actuaries2008