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.
Effective Date Note:
At 81 FR 8833, Feb. 23, 2016, § 900.3 was revised, effective Apr. 25, 2016. For the convenience of the user, the revised text is set forth as follows:
§ 900.3
Composition.
Pursuant to the Bylaws, the Joint Board consists of three members appointed by the Secretary of the Treasury and two members appointed by the Secretary of Labor. The Board elects a Chairman and a Secretary from among the Department of the Treasury and the Department of Labor members. 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 2016 annual edition (revised as of 2016-04-01) · https://pensionresource.website/EAMain?content=EAMain.Law&id=cfr20-900.3&asof=2016-04-01 · printed Oct 16, 2026