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.

Notices Federal Register

26561

Vol. 65, No. 89

Monday, May 8, 2000

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 Employment

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 November 1, 2000. This notice

describes the Advisory Committee and

invites applications from those

interested in service on it.

1. General

To qualify for enrollment to perform

actuarial services under ERISA, an

applicant must have requisite pension

actuarial experience and must 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 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 which 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 which

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

Advisory Committee travels meals and

lodging 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 Internal Revenue Service,

Attn: Executive Director C:AP:DOP,

1111 Constitution Avenue, NW,

Washington, DC 20224.

Any questions may be directed to the

Joint Board’s Executive Director at 202–

694–1891.

The deadline for accepting

applications is September 5, 2000.

Dated: May 1, 2000.

Patrick W. McDonough,

Executive Director, Joint Board for the

Enrollment of Actuaries.

[FR Doc. 00–11470 Filed 5–5–00; 8:45 am]

BILLING CODE 4830–01–P

JOINT BOARD FOR THE

ENROLLMENT OF ACTUARIES

Meeting of the Advisory Committee on

Actuarial Examinations

AGENCY: Joint Board for the Enrollment

of Actuaries.

ACTION: Notice of Federal Advisory

Committee meeting.

SUMMARY: The Executive Director of the

Joint Board for the Enrollment of

Actuaries gives notice of a meeting of

the Advisory Committee on Actuarial

Examinations (portions of which will be

open to the public) in Washington, DC

at the Office of Director of Practice on

June 26 and 27, 2000.