FACACLASSIC

Note: An Annual Comprehensive Review, as required by §7 of the Federal Advisory Committee Act, is conducted each year on committee data entered for the previous fiscal year (referred to as the reporting year). The data for the reporting year is not considered verified until this review is complete and the data is moved to history for an agency/department. See the Data From Previous Years section at the bottom of this page for the committee’s historical, verified data.

Details on agency responses to committee recommendations can be found under the Performance Measures section for each committee in the fields “Agency Feedback” and “Agency Feedback Comment.”

JBEA - 126 - Advisory Committee on Actuarial Examinations - Agency Authority

GENERAL INFORMATION

Committee Name	Advisory Committee on Actuarial Examinations	Agency Name	Joint Board for the Enrollment of Actuaries
Fiscal Year	2025	Committee Number	126
Original Establishment Date	12/2/1976	Committee Status	Chartered
Actual Termination Date		Committee URL
Actual Merged Date		Presidential Appointments*	No
New Committee This FY	No	Max Number of Members*	9
Terminated This FY	No	Designated Fed Officer Position Title*	DFO
Merged This FY		Designated Federal Officer Prefix	Ms.
Current Charter Date	10/16/2024	Designated Federal Officer First Name*	Elizabeth
Date Of Renewal Charter	10/16/2026	Designated Federal Officer Middle Name	J.
Projected Termination Date		Designated Federal Officer Last Name*	VanOsten
Exempt From Renewal*	No	Designated Federal Officer Suffix
Specific Termination Authority	AGEN	Designated Federal Officer Phone*	(202) 317-3648
Establishment Authority*	Agency Authority	Designated Federal Officer Fax*
Specific Establishment Authority*	AGEN	Designated Federal Officer Email*	elizabeth.j.vanosten@irs.gov
Effective Date Of Authority*	12/2/1976
Exempt From EO 13875 Discretionary Cmte	Not Applicable
Committee Type*	Continuing
Presidential*	No
Committee Function*	Non Scientific Program Advisory Board

RECOMMENDATION/JUSTIFICATIONS

Agency Recommendation*	Continue
Legislation to Terminate Required	Not Applicable
Legislation Status	Not Applicable
How does cmte accomplish its purpose?*	During fiscal year 2025, the Joint Board for the Enrollment of Actuaries (Joint Board) administered three examinations in actuarial mathematics and methodology pursuant to its mandate under the Employee Retirement Income Security Act of 1974 (ERISA). The Committee rendered valuable and unique assistance to the Joint Board by recommending topics to be covered and questions to be asked on the examinations. Such recommendations are necessary to enable the Joint Board to perform its enrollment function. In addition, the Committee reviewed and evaluated other issues relating to the examinations as the Joint Board deemed necessary.
How is membership balanced?*	The Committee represents a broad range of actuarial expertise and experience from a cross-section of the enrolled actuary community. The Joint Board ensures that most viewpoints extant in the enrolled actuary community are represented on the committee by appointng several members from each of the main practice areas, including small employer plans, large employer plans, and multiemployer plans. In addition, the Joint Board appoints members from different geographic locations. Before appointing new members, the Joint Board evaluates the existing composition of the Committee and, to the extent possible, makes selections that ensure that various areas of expertise are represented on the Committee.
How frequent & relevant are cmte mtgs?*	The Committee meets four times each fiscal year. The Joint Board exams are developed according to a specified timetable and meetings are scheduled at key points in the exam development process.
Why advice can't be obtained elsewhere?*	Because the Joint Board is the only federal agency responsible for writing actuarial examinations and setting other criteria to determine actuaries' qualifications for enrollment under ERISA, the functions the Committee performs cannot be obtained from other sources within the government. Moreover, the Committee's functions cannot be performed by members of the Joint Board. The Joint Board consists of five federal government employees, three from the Department of the Treasury and two from the Department of Labor. In addition, a non-voting representative from the Pension Benefit Guaranty Corporation is apporinted to the Board. Each Joint Board member has a full-time government position unrelated to the work of the Joint Board. The Joint Board members have determined that shouldering the entire responsibility for the design and preparation of examinations would entail too great a sacrifice of their other governmental responsibilities.
Why close or partially close meetings?	In order to prevent compromises of the examination process, it is necessary to close portions of meetings during which the Committee develops questions for inclusion on future examinations and reviews and sets passing scores for recently administered exams.
Recommendation Remarks	N/A

PERFORMANCE MEASURES

Outcome Improvement To Health Or Safety*	No	Action Reorganize Priorities*	No
Outcome Trust In Government	No	Action Reallocate Resources	No
Outcome Major Policy Changes	No	Action Issued New Regulations	No
Outcome Advance In Scientific Research	No	Action Proposed Legislation	No
Outcome Effective Grant Making	No	Action Approved Grants Or Other Payments	No
Outcome Improved Service Delivery	Yes	Action Other	No
Outcome Increased Customer Satisfaction	Yes	Action Comment	NA
Outcome Implement Laws/Reg Requirements	No	Grants Review*	No
Outcome Other	No	Number Of Grants Reviewed	0
Outcome Comment	NA	Number Of Grants Recommended	0
Cost Savings*	$100,001 - $500,000	Dollar Value Of Grants Recommended	$0.00
Cost Savings Comment	NA	Grants Review Comment	NA
Number Of Recommendations*	376	Access Contact Designated Fed. Officer*	Yes
Number Of Recommendations Comment	Each fiscal year, the Advisory Committee develops and recommends 3 examinations and 2 examination program booklets. In addition, the Advisory Committee recommends a passing score for each of the 3 examinations given in that fiscal year.	Access Agency Website	No
% of Recs Fully Implemented*	99.00%	Access Committee Website	No
% of Recs Fully Implemented Comment	To date, the Joint Board has accepted approximately 99 percent of recommendations made by the Advisory Committee..	Access GSA FACA Website	Yes
% of Recs Partially Implemented*	1.00%	Access Publications	No
% of Recs Partially Implemented Comment	NA	Access Other	No
Agency Feedback*	Yes	Access Comment	N/A
Agency Feedback Comment*	The Joint Board meets with the Advisory Committee to discuss examination questions and topics, as well as exam results.	Narrative Description*	The Joint Board administers three examinations pursuant to its mandate under the Employee Retirement Income Security Act of 1974. The Joint Board strives to ensure that its examinations are fair and reflect current developments in actuarial mathematics and methodology. The Advisory Committee, which consists of members representing a broad range of expertise and experience, supports this mission by rendering valuable and unique assistance to the Joint Board regarding examination topics and questions.

COSTS

1. Payments to Non-Federal Members*		1. Est Paymnts to Non-Fed Membrs Nxt FY*
2. Payments to Federal Members*		2. Est. Payments to Fed Members Next FY*
3. Payments to Federal Staff*		3. Estimated Payments to Federal Staff*
4. Payments to Consultants*		4. Est. Payments to Consultants Next FY*
5. Travel Reimb. For Non-Federal Membrs*		5. Est Travel Reimb Non-Fed Membr nxtFY*
6. Travel Reimb. For Federal Members*		6. Est Travel Reimb For Fed Members*
7. Travel Reimb. For Federal Staff*		7. Est. Travel Reimb to Fed Staf Nxt FY*
8. Travel Reimb. For Consultants*		8. Est Travel Reimb to Consltnts Nxt FY*
10. Other Costs		10. Est. Other Costs Next FY*
11. Total Costs	$0.00	11. Est. Total Next FY*	$0.00
Date Cost Last Modified	1/21/2025 2:44 PM	Est. Fed Staff Support Next FY*
Federal Staff Support (FTE)*		Est Cost Remarks
Cost Remarks

Interest Areas

Category Area Retirement Pensions Retirement

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