Joint Board Renewal Application Now Available
The renewal application for enrollment for the April 1, 2017 - March 31, 2020, period is now available.
I. General Instructions for Enrolled Actuaries Currently in Active Status:
To timely renew your enrollment, you must have completed your continuing education requirements by December 31, 2016, and must submit your completed Form 5434-A, Application for Renewal of Enrollment (PDF) and $250 renewal fee on or before Wednesday, March 1, 2017. Before completing and submitting Form 5434-A, make sure you have reviewed the requirements for renewal set forth at section 901.11 of the Joint Board regulations (PDF) .
If you meet both of these deadlines, you may begin using the “17-” prefix with your enrollment number beginning April 1, 2017, regardless of whether you have received an official renewal notice from the Joint Board.
If you were not eligible to use the “14-” prefix, please follow the instructions in section II below.
Application and Payment Options:
This renewal period, you have the option of applying and paying electronically at Pay.gov. If you use Pay.gov, you will be able to complete and submit your Form 5434-A online and pay your renewal fee by credit card or by debit from your personal or business checking or savings account. Please note that Form 5434-A is listed as “Joint Board for the Enrollment of Actuaries Application for Renewal of Enrollment” at Pay.gov and is listed with forms of the Internal Revenue Service. If you want to print a copy of your completed form, you must print from the PDF preview prior to pressing the “submit payment” button. If you set up a Pay.gov account, you may review and print your completed form at any time.
If you prefer not to use Pay.gov, you still have the option of submitting your completed Form 5434-A and renewal fee by regular mail or by USPS express mail. The address for both regular mail and USPS express mail is: Internal Revenue Service, PO Box 301510, Los Angeles, CA 90030-1510. Do not use any express delivery service other than USPS express mail. If you use a delivery service other than USPS, your Form 5434-A will be returned to you. If your 5434-A was returned to you, please re-submit your Form 5434-A to the address specified here and notify us at email@example.com. Make sure you keep a copy of the receipt or record that shows the date of your original filing.
If You Miss a Deadline:
If you miss either deadline and do not receive an official renewal notice dated prior to April 1, 2017, you will be treated as inactive from April 1, 2017, until the date the Joint Board sends your official renewal notice. Renewal applications are processed in the order they are received, so if you miss a deadline you may not be able to avoid being placed into inactive status for a period of time while your application is being processed. While in inactive status, you are ineligible to perform services as an enrolled actuary and to practice before the Internal Revenue Service. You may not, directly or indirectly, indicate you are enrolled or use the term “enrolled actuary,” the designation “E.A.,” or other form of reference to eligibility to perform pension actuarial services as an enrolled actuary. To apply for reinstatement to active status:
- If you were eligible to use the “14-” prefix, and if you were initially enrolled before 2014:
You may apply for reinstatement to active status using the same procedure as if you were in active status (other than waiting for the official notice from the Joint Board before resuming practice as an Enrolled Actuary).
- If you were eligible to use the “14-” prefix, but you were initially enrolled during 2014, 2015, or 2016:
You must satisfy an increased CPE hours requirement to apply for return to active status for the period ending March 31, 2020. (See section 901.11(l)(7)(i) of the Joint Board regulations (PDF).) You may apply for reinstatement to active status using the same procedure as if you were in active status (other than reporting CPE credits that equal or exceed the increased requirements and waiting for the official notice from the Joint Board before resuming practice as an Enrolled Actuary).
In either case, you must apply for reinstatement to active status by December 31, 2019, to avoid additional requirements beyond those listed above for reinstatement in the following cycle.
II. Information for Enrolled Actuaries Returning to Active Status from Inactive Status:
If you were not eligible to use the “14-” prefix, you must satisfy an increased CPE hours requirement, as well as a pension actuarial experience requirement, to apply for return to active status for the period ending March 31, 2020. These requirements are set forth at section 901.11(l)(7)(ii) 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 the following cycle – or to avoid termination of your enrollment, if you are in your third inactive cycle. After you have satisfied these requirements:
- Complete Form 5434-A (PDF). Your Form 5434-A should reflect the increased CPE hours specified at section 901.11(l)(7)(ii) or (iii) of the Joint Board regulations, depending on whether you are in your second or third inactive cycle, respectively.
- Complete Form 5434, Application for Enrollment, Schedule A (PDF). 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.
- 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