Advisory Committee on Actuarial Examinations; Invitation for Membership on Advisory Committee, 56541 [E8-22828]

Download as PDF 56541 Notices Federal Register Vol. 73, No. 189 Monday, September 29, 2008 This section of the FEDERAL REGISTER contains documents other than rules or proposed rules that are applicable to the public. Notices of hearings and investigations, committee meetings, agency decisions and rulings, delegations of authority, filing of petitions and applications and agency statements of organization and functions are examples of documents appearing in this section. JOINT BOARD FOR THE ENROLLMENT OF ACTUARIES Advisory Committee on Actuarial Examinations; Invitation for Membership on Advisory Committee Joint Board for the Enrollment of Actuaries. AGENCY: ACTION: Notice. 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 an Advisory Committee on Actuarial Examinations (Advisory Committee) to assist in its examination duties mandated by ERISA. The term of the current Advisory Committee will expire on February 28, 2009. This notice describes the Advisory Committee and invites applications from those interested in serving on it. mstockstill on PROD1PC66 with NOTICES 1. General To qualify for enrollment to perform actuarial services under ERISA, an applicant must have requisite pension actuarial experience and satisfy knowledge requirements as provided in the Joint Board’s regulations. The knowledge requirements may be satisfied 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 those actuarial organizations as part of their respective examination programs. VerDate Aug<31>2005 16:48 Sep 26, 2008 Jkt 214001 2. Programs The Advisory Committee plays an integral role in the examination program by assisting the Joint Board in offering examinations that will enable examination candidates to demonstrate the knowledge necessary to qualify for enrollment. The purpose of the Advisory Committee, as renewed, will remain that of assisting the Joint Board in fulfilling this responsibility. The Advisory Committee will discuss the philosophy of such examinations, will review topics appropriately covered in them, and will make recommendations relative thereto. It also will recommend to the Joint Board proposed examination questions. The Joint Board will maintain liaison with the Advisory Committee in this process to ensure that its views on examination content are understood. 3. Function The manner in which the Advisory Committee functions in preparing examination questions is intertwined with the jointly administered examination program. Under that program, the participating actuarial organizations draft questions and submit them to the Advisory Committee for its consideration. After review of the draft questions, the Advisory Committee selects appropriate questions, modifies them as it deems desirable, and then prepares one or more drafts of actuarial examinations to be recommended to the Joint Board. (In addition to revisions of the draft questions, it may be necessary for the Advisory Committee to originate questions and include them in what is recommended.) 4. Membership The Joint Board will take steps to ensure maximum practicable representation on the Advisory Committee of points of view regarding the Joint Board’s actuarial examination extant in the community at large and from nominees provided by the actuarial organizations. Since the members of the actuarial organizations comprise a large segment of the actuarial profession, this appointive process ensures expression of a broad spectrum of viewpoints. All members of the Advisory Committee will be expected to act in the public interest, that is, to produce examinations that will help ensure a level of competence among those who will be accorded PO 00000 Frm 00001 Fmt 4703 Sfmt 4703 enrollment to perform actuarial services under ERISA. Membership normally will be limited to actuaries previously 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. The Advisory Committee will meet about four times a year. Advisory Committee members should be prepared to devote from 125 to 175 hours, including meeting time, to the work of the Advisory Committee over the course of a year. Members will be reimbursed for travel expenses incurred, in accordance with applicable government regulations. Actuaries interested in serving on the Advisory Committee should express their interest and fully state their qualifications in a letter addressed to: Joint Board for the Enrollment of Actuaries, c/o Office of Professional Responsibility SE:OPR, Internal Revenue Service, Attn: Executive Director IR–7238, 1111 Constitution Avenue, NW., Washington, DC 20224. Any questions may be directed to the Joint Board’s Executive Director at 202– 622–8225. The deadline for accepting applications is December 15, 2008. Dated: September 16, 2008. Patrick W. McDonough, Executive Director, Joint Board for the Enrollment of Actuaries. [FR Doc. E8–22828 Filed 9–26–08; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF AGRICULTURE Animal and Plant Health Inspection Service [Docket No. APHIS–2008–0101] Notice of Request for Extension of Approval of an Information Collection; Importation of Small Lots of Seed Animal and Plant Health Inspection Service, USDA. ACTION: Extension of approval of an information collection; comment request. AGENCY: SUMMARY: In accordance with the Paperwork Reduction Act of 1995, this notice announces the Animal and Plant Health Inspection Service’s intention to request an extension of approval of an E:\FR\FM\29SEN1.SGM 29SEN1

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[Federal Register Volume 73, Number 189 (Monday, September 29, 2008)]
[Notices]
[Page 56541]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-22828]


========================================================================
Notices
                                                Federal Register
________________________________________________________________________

This section of the FEDERAL REGISTER contains documents other than rules 
or proposed rules that are applicable to the public. Notices of hearings 
and investigations, committee meetings, agency decisions and rulings, 
delegations of authority, filing of petitions and applications and agency 
statements of organization and functions are examples of documents 
appearing in this section.

========================================================================


Federal Register / Vol. 73, No. 189 / Monday, September 29, 2008 / 
Notices

[[Page 56541]]



JOINT BOARD FOR THE ENROLLMENT OF ACTUARIES


Advisory Committee on Actuarial Examinations; Invitation for 
Membership on Advisory Committee

AGENCY: Joint Board for the Enrollment of Actuaries.

ACTION: Notice.

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

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 
an Advisory Committee on Actuarial Examinations (Advisory Committee) to 
assist in its examination duties mandated by ERISA. The term of the 
current Advisory Committee will expire on February 28, 2009. This 
notice describes the Advisory Committee and invites applications from 
those interested in serving on it.

1. General

    To qualify for enrollment to perform actuarial services under 
ERISA, an applicant must have requisite pension actuarial experience 
and satisfy knowledge requirements as provided in the Joint Board's 
regulations. The knowledge requirements may be satisfied 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 
those actuarial organizations as part of their respective examination 
programs.

2. Programs

    The Advisory Committee plays an integral role in the examination 
program by assisting the Joint Board in offering examinations that will 
enable examination candidates to demonstrate the knowledge necessary to 
qualify for enrollment. The purpose of the Advisory Committee, as 
renewed, will remain that of assisting the Joint Board in fulfilling 
this responsibility. The Advisory Committee will discuss the philosophy 
of such examinations, will review topics appropriately covered in them, 
and will make recommendations relative thereto. It also will recommend 
to the Joint Board proposed examination questions. The Joint Board will 
maintain liaison with the Advisory Committee in this process to ensure 
that its views on examination content are understood.

3. Function

    The manner in which the Advisory Committee functions in preparing 
examination questions is intertwined with the jointly administered 
examination program. Under that program, the participating actuarial 
organizations draft questions and submit them to the Advisory Committee 
for its consideration. After review of the draft questions, the 
Advisory Committee selects appropriate questions, modifies them as it 
deems desirable, and then prepares one or more drafts of actuarial 
examinations to be recommended to the Joint Board. (In addition to 
revisions of the draft questions, it may be necessary for the Advisory 
Committee to originate questions and include them in what is 
recommended.)

4. Membership

    The Joint Board will take steps to ensure maximum practicable 
representation on the Advisory Committee of points of view regarding 
the Joint Board's actuarial examination extant in the community at 
large and from nominees provided by the actuarial organizations. Since 
the members of the actuarial organizations comprise a large segment of 
the actuarial profession, this appointive process ensures expression of 
a broad spectrum of viewpoints. All members of the Advisory Committee 
will be expected to act in the public interest, that is, to produce 
examinations that will help ensure a level of competence among those 
who will be accorded enrollment to perform actuarial services under 
ERISA.
    Membership normally will be limited to actuaries previously 
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. The Advisory 
Committee will meet about four times a year. Advisory Committee members 
should be prepared to devote from 125 to 175 hours, including meeting 
time, to the work of the Advisory Committee over the course of a year. 
Members will be reimbursed for travel expenses incurred, in accordance 
with applicable government regulations.
    Actuaries interested in serving on the Advisory Committee should 
express their interest and fully state their qualifications in a letter 
addressed to: Joint Board for the Enrollment of Actuaries, c/o Office 
of Professional Responsibility SE:OPR, Internal Revenue Service, Attn: 
Executive Director IR-7238, 1111 Constitution Avenue, NW., Washington, 
DC 20224.
    Any questions may be directed to the Joint Board's Executive 
Director at 202-622-8225.
    The deadline for accepting applications is December 15, 2008.

    Dated: September 16, 2008.
Patrick W. McDonough,
Executive Director, Joint Board for the Enrollment of Actuaries.
[FR Doc. E8-22828 Filed 9-26-08; 8:45 am]
BILLING CODE 4830-01-P