Brief Case
Pension Resource

20 C.F.R. § 901.12

Eligibility for enrollment.
CFR 2010 annual edition (revised as of 2010-04-01) · superseded Apr 1, 2011
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Historical text in effect Apr 1, 1997 through Mar 31, 2011. View current · Compare with current
(a) In general. An individual applying before January 1, 1976, to be an enrolled actuary must fulfill the experience requirements of paragraph (b) of this section and either the examination requirements of paragraph (c) of this section or the educational requirements of paragraph (d) of this section.
(b) Qualifying experience. Within a 15 year period immediately preceding the date of application, the applicant shall have completed either:
(1) A minimum of 36 months of responsible pension actuarial experience, or
(2) A minimum of 60 months of responsible actuarial experience, including at least 18 months of responsible pension actuarial experience.
(c) Examination requirement. The applicant shall satisfactorily complete the Joint Board examination requirement of paragraph (c)(1) of this section or the organization examination requirement of paragraph (c)(2) of this section.
(1) Joint Board examination. To satisfy the Joint Board examination requirement, the applicant shall have completed, to the satisfaction of the Joint Board, an examination prescribed by the Joint Board in actuarial mathematics and methodology related to pension plans, including the funding requirements of ERISA.
(2) Organization examination.
(i) To satisfy the organization examination requirement, the applicant shall, before March 1, 1975, have attained by proctored examination one of the following classes of qualification in one of the following organizations:
(A) Member of the American Academy of Actuaries,
(B) Fellow or Member of the American Society of Pension Actuaries,
(C) Fellow or Associate of the Casualty Actuarial Society,
(D) Fellow or Member of the Conference of Actuaries in Public Practice,
(E) Fellow or Associate of the Society of Actuaries, or
(F) A class attained by proctored examination in any other actuarial organization in the United States or elsewhere if the Joint Board determines that the subject matter included in such examination, complexity of questions, and the minimum acceptable qualifying score are at least comparable to proctored examinations administered by any of the above organizations before March 1, 1975; or
(ii) On or after March 1, 1975, the applicant shall have attained one of the classes of qualification specified in paragraph (c)(2)(i) of this section, the attainment of such qualification having been by proctored examination under requirements determined by the Joint Board to be of not lower standards than the requirements for qualification during the 12 months immediately preceding March 1, 1975.
(d) Qualifying formal education. Prior to filing an application, the applicant shall have satisfied one of the following educational requirements:
(1) Received a bachelor's or higher degree from an accredited college or university, such degree having been granted after the satisfactory completion of a course of study in which the major area of concentration was actuarial science, or
(2) Received a bachelor's or higher degree from an accredited college or university, such degree having been granted after the satisfactory completion of a course of study in which the major area of concentration was mathematics, statistics, or computer science, and shall have successfully completed at least 6 semester hours or 9 quarter hours of courses in life contingencies at an accredited college or university.
(e) Disreputable conduct. The applicant may be denied enrollment if it is found that he/she, after his/her eighteenth birthday, has:
(1) Engaged in any conduct evidencing fraud, dishonesty or breach of trust; or
(2) Been convicted of any of the offenses referred to in section 411 of ERISA; or
(3) Submitted false or misleading information on an application for enrollment to perform actuarial services or in any oral or written information submitted in connection therewith or in any report presenting actuarial information to any person, knowing the same to be false or misleading.
20 C.F.R. § 901.12 — Eligibility for enrollment. · CFR 2010 annual edition (revised as of 2010-04-01) · https://pensionresource.website/EAMain?content=EAMain.Law&id=cfr20-901.12&asof=1997-04-01 · printed Oct 16, 2026
On this page
  • (a) In general.
  • (b) Qualifying experience.
  • (c) Examination requirement.
  • (d) Qualifying formal education.
  • (e) Disreputable conduct.
Implements
ERISA § 3042 (29 U.S.C. § 1242) Enrollment by Board; standards and qualifications; suspension or termination of enrollment
Cited by (code & regs)
Guidance addressing this section
IRS / Treasury
Proposed Rules
Also cited in 3 other documents
Joint Board
Joint Board Notices
Final Rules
  • 76 FR 17762 Mar 31, 2011 — Regulations Governing the Performance of Actuarial Services Under the Employee Retirement Income Security Act of 1974 (d)(1)(i)(f)
IRS / Treasury
Proposed Rules
  • REG-159704-03Proposed Nov 16, 2009 — Proposed regulations contain proposed amendments to 20 CFR part 901 relating to the enrollment of actuaries under section 3042 of the Employee Retirement Incom… (b)(1)(d)(1)(i)(f)

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Each row is a version of the text as published by the official source. Code dates are the edition/release point that first reflected the change; regulation dates are eCFR effective dates. The library checks the official sources automatically, so new versions appear here on their own; “run” opens the sync that recorded a version.

EffectiveThroughSourceAmended by
Apr 1, 1997Mar 31, 2011CFR 2010 annual edition (revised as of 2010-04-01) run 127View
Apr 1, 2011Mar 31, 2012CFR 2011 annual edition (revised as of 2011-04-01) run 127View · Redline (sign in)
Apr 1, 2012currenteCFR editorial change effective 2016-10-18 run 276 FR 17774, Mar. 31, 2011View · Redline (sign in)
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