Joint Board Renewal Application Available in Early January 2020
The updated renewal application for enrollment for the April 1, 2020 - March 31, 2023, period will be available in early January 2020. Please wait for the updated form (Rev. 11-2019 or later) to be available before filing for renewal of your enrollment.
To timely renew your enrollment, you must complete your continuing professional education (CPE) requirements by December 31, 2019 and submit your completed Form 5434-A (Application for Renewal of Enrollment) and $250 renewal fee on or before Monday, March 2, 2020. You may apply and pay online at Pay.gov. Alternatively, you may mail your Form 5434-A and renewal fee to the address indicated on the Form 5434-A.
If you meet both deadlines, you may begin using the “20-” prefix with your enrollment number beginning April 1, 2020, regardless of whether you have received an official renewal notice from the Joint Board.
If you miss either deadline and do not receive an official renewal notice dated prior to April 1, 2020, you will be treated as inactive from April 1, 2020, until the date the Joint Board sends your official renewal notice. Please see section 901.11(l)(4)(iv) of the Joint Board regulations for the consequences of being on the inactive roster.
Information for Enrolled Actuaries Returning to Active Status from Inactive Status in 2019
If you were eligible to use the “14-“ prefix, but you are not eligible to use the “17-“ prefix, you may apply for reinstatement to active status for the period ending March 31, 2020, if you satisfy the requirements set forth at section 901.11(l)(7) of the Joint Board regulations (PDF). You must apply for reinstatement to active status by December 31, 2019, to avoid the additional requirements for reinstatement in a later enrollment cycle. You may apply and pay electronically at Pay.gov or mail your Form 5434-A (PDF) and renewal fee to the address indicated on the Form 5434-A.
If you were not eligible to use the “14-” and “17-“ prefixes, you must satisfy an increased CPE hours requirement, as well as a pension actuarial experience requirement, to apply to return to active status for the period ending March 31, 2020. These requirements are set forth at section 901.11(l)(7)(ii) or at section 901.11(l)(7)(iii) of the Joint Board regulations. If you were also not eligible to use the “11-“ prefix. you must apply for reinstatement to active status by December 31, 2019 to avoid termination of your enrollment. You may not apply through Pay.gov - you must apply by mail. To return to active status in 2019, after you have satisfied the applicable requirements but before December 31, 2019, you must:
- Complete Form 5434-A (PDF). Your Form 5434-A should reflect the increased CPE hours specified at the applicable paragraph of section 901.11(l)(7) of the Joint Board regulations.
- Complete Schedule A (from Form 5434). Complete a separate Schedule A for each employer within the applicable period specified under section 901.11(l)(7)(ii) or (iii), as applicable. You should report only experience that you believe will qualify as responsible pension actuarial experience (not merely responsible actuarial experience). The individual(s) asked to certify your responsible pension actuarial experience must meet the requirements of section 901.1(j).
- Submit your completed Form 5434-A, Schedule(s) A, and renewal fee of $250 to the appropriate lockbox address indicated on Form 5434-A. Do not use Pay.gov.
Please note that this only renews your enrollment for the period ending March 31, 2020. You will still need to timely renew your enrollment for the period April 1, 2020 through March 31, 2023 - including completion of required CPE credits by December 31, 2019 and filing a new Form 5434-A (and $250 renewal fee) by March 1, 2020 - in order to retain your active status after March 31, 2020.
- Joint Board Issues Frequently Asked Questions (PDF). Topics include the new continuing professional education requirements and the conflict of interest performance standard.
- Joint Board Issues Final Regulations (PDF). These regulations update the eligibility requirements for performing actuarial services for ERISA-covered employee pension benefit plans, including the continuing professional education requirements and the standards for performing such actuarial services. These regulations are effective on May 2, 2011.
- Update your contact information