Joint Board for the Enrollment of Actuaries Law and Legal Definition
The Joint Board for the Enrollment of Actuaries (JBEA) is a board that develops and oversees the process by which a person becomes an enrolled actuary. The JBEA was established by the Secretary of Labor and the Secretary of the Treasury pursuant to section 3041 of the Employee Retirement Income Security Act of 1974 (29 U.S.C. 1241). [20 CFR 900.2]. Bylaws of the Board have been issued by the two Secretaries.
The Joint Board administers two examinations to prospective enrolled actuaries. After an individual passes the two exams and completes sufficient relevant professional experience, s/he or he becomes an enrolled actuary.
The following is an example of a federal regulation on the JBEA Composition:
20 CFR 900.3 Composition.
Pursuant to the Bylaws, the Joint Board consists of three members appointed by the Secretary of the Treasury and two appointed by the Secretary of Labor. The Board elects a Chairman from among the Treasury Representatives and a Secretary from among the Department of Labor Representatives. The Pension Benefit Guaranty Corporation may designate a non-voting representative to sit with, and participate in, the discussions of the Board. All decisions of the Board are made by simple majority vote.
Legal Definition list
- Joint Bankruptcy Petition
- Joint Bank Account
- Joint Applicants (Trademark)
- Joint Annuity
- Joint and Survivor Annuity
- Joint Board for the Enrollment of Actuaries
- Joint Bond
- Joint Check Agreement
- Joint Chiefs of Staff [JCS]
- Joint Commission on Accreditation of Healthcare Organizations
- Joint Committee (Constitution)