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.
20 C.F.R. § 900.3 — Composition. · CFR 2015 annual edition (revised as of 2015-04-01) · https://pensionresource.website/EAMain?content=EAMain.Law&id=cfr20-900.3&asof=1995-01-04 · printed Oct 16, 2026