[Federal Register: February 26, 2008 (Volume 73, Number 38)]
[Notices]
[Page 10228-10229]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr26fe08-31]
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DEPARTMENT OF DEFENSE
Office of the Secretary of Defense
Establishment of Department of Defense Federal Advisory
Committees
AGENCY: DoD.
ACTION: Establishment of Federal Advisory Committee.
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SUMMARY: Under the provisions of the Federal Advisory Committee Act of
1972 (5 U.S.C. Appendix, as amended), and the Government in the
Sunshine Act of 1976 (5 U.S.C. 552b, as amended), the Department of
Defense gives notice that it is establishing the Department of Defense
Board of Actuaries (hereafter referred to as the Board).
The Board is a non-discretionary federal advisory committee
established under the authority of 10 U.S.C. 183. The Board 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. The Secretary of
Defense shall ensure that the Board has access to such records
regarding the Military Retirement Fund and the Department of Defense
Education Benefits Fund as the Board shall require to determine the
actuarial status of such funds.
The Board 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.
The members shall serve for a term of 15 years, except that a
member of the Board appointed to fill a vacancy occurring before the
end of the term for which the predecessor was appointed shall serve
only until the end of such term. A member may serve after the end of
the term until a successor has taken office. A member of the Board may
be removed by the Secretary of Defense for
[[Page 10229]]
misconduct or failure to perform functions vested in the Board, and for
no other reason.
Each member of the Department of Defense Retirement Board of
Actuaries or the Department of Defense Education Benefits Board of
Actuaries, as of the date of enactment of section 906 of Public Law
110-181, shall serve as an initial member of the Department of Defense
Board of Actuaries from that date until the date otherwise provided for
the completion of such individual's term as a member of the Department
of Defense Retirement Board of Actuaries or the Department of Defense
Education Benefits Board of Actuaries, as the case may be, unless
earlier removed by the Secretary of Defense.
A member of the Board who is not an employee of the United States
is entitled to receive pay at the daily equivalent of the annual rate
of basic pay of the highest rate of basic pay then currently being paid
under the General Schedule of subchapter III of chapter 53 of title 5,
United States Code, for each day the member is engaged in the
performance of the duties of the Board. In addition, each member shall
receive compensation for per diem and travel for official Board travel.
Members shall not be reappointed for successive terms. The
Chairperson of the Board shall be designated by the Under Secretary of
Defense for Personnel and Readiness, on behalf of the Secretary of
Defense, for a five-year term.
The Board shall be authorized to establish subcommittees, as
necessary and consistent with its mission, and these subcommittees or
working groups shall operate under the provisions of the Federal
Advisory Committee Act of 1972, the Government in the Sunshine Act of
1976, and other appropriate federal regulations.
Such subcommittees or workgroups shall not work independently of
the chartered Board, and shall report all their recommendations and
advice to the Board for full deliberation and discussion. Subcommittees
or workgroups have no authority to make decisions on behalf of the
chartered Board nor can they report directly to the Department of
Defense or any federal officers or employees who are not Board members.
SUPPLEMENTARY INFORMATION: The Committee shall meet at the call of the
Board's Designated Federal Officer, in consultation with the Board's
chairperson and the Under Secretary of Defense for Personnel and
Readiness. The Designated Federal Officer, pursuant to DoD policy,
shall be a full-time or permanent part-time DoD employee, and shall be
appointed in accordance with established DoD policies and procedures.
The Designated Federal Officer or duly appointed Alternate Designated
Federal Officer shall attend all board meetings and subcommittee
meetings.
Pursuant to 41 CFR 102-3.105(j) and 102-3.140, the public or
interested organizations may submit written statements to the
Department of Defense Board of Actuaries' membership about the Board's
mission and functions. Written statements may be submitted at any time
or in response to the stated agenda of planned meeting of the
Department of Defense Board of Actuaries.
All written statements shall be submitted to the Designated Federal
Officer for the Department of Defense Board of Actuaries, and this
individual will ensure that the written statements are provided to the
membership for their consideration. Contact information for the
Department of Defense Board of Actuaries' Designated Federal Officer,
once appointed, may be obtained from the GSA's FACA Database--https://
www.fido.gov/facadatabase/public.asp.
The Designated Federal Officer, pursuant to 41 CFR 102-3.150, will
announce planned meetings of the Department of Defense Board of
Actuaries. The Designated Federal Officer, at that time, may provide
additional guidance on the submission of written statements that are in
response to the stated agenda for the planned meeting in question.
FOR FURTHER INFORMATION CONTACT: Jim Freeman, Deputy Committee
Management Officer for the Department of Defense, 703-601-2554,
extension 128.
Dated: February 19, 2008.
L.M. Bynum,
Alternate OSD Federal Register Liaison Officer, Department of Defense.
[FR Doc. E8-3602 Filed 2-25-08; 8:45 am]
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