IRS.gov Banner
IRS NewswireMarch 13, 2024

News Essentials

What’s Hot

News Releases

IRS – The Basics

IRS Guidance

Media Contacts

Facts & Figures

Around The Nation

e-News Subscriptions


The Newsroom Topics

Multimedia Center

Noticias en Español

Radio PSAs

Tax Scams

The Tax Gap

Fact Sheets

IRS Tax Tips

Armed Forces

Latest News Home


IRS Resources

Contact My Local Office

Filing Options

Forms & Instructions

Frequently Asked Questions

News

Taxpayer Advocate

Where to File

IRS Social Media


Issue Number:    IR-2024-70

Inside This Issue


Joint Board extends waiver of physical presence education requirement for enrolled actuaries

WASHINGTON – The Joint Board for the Enrollment of Actuaries is retroactively extending the temporary waiver of its physical presence requirement for continuing professional education (CPE) programs and is proposing regulations to eliminate this in-person requirement altogether.

Adopted as a pandemic-related safety measure, the original temporary waiver, announced on Aug. 10, 2020, applied to any formal CPE program conducted from Jan. 1, 2020, through Dec. 31, 2022. Without this waiver, an enrolled actuary earning credit hours for a formal program would need to do so while being in the same physical location with at least two other participants engaged in substantive pension service.

The Joint Board has issued proposed regulations eliminating the physical presence requirement altogether. Therefore, the Joint Board is extending the temporary waiver until the date the proposed regulations are finalized. Accordingly, the extended waiver applies to CPE credits earned for programs held during the period from Jan. 1, 2023, through the date that is 30 days after the publication of the Treasury decision finalizing these proposed regulations.

Like the original waiver, the extended waiver applies to all enrolled actuaries, whether they are in active or inactive status, and all other CPE requirements remain unchanged. Enrolled actuaries are still required to earn the same number of credit hours under formal programs that would otherwise be required. The other requirements for a formal program continue to apply, including all requirements for a qualifying program under the Joint Board regulations, attendance by at least three participants engaged in substantive pension service and an opportunity for participants to interact with the instructor during the program. In addition, the certificate of completion or instruction issued by a qualifying sponsor of the program must indicate that the program is a formal program.

An enrolled actuary is anyone who meets the requirements established by the Joint Board and is approved to perform actuarial services under the Employee Retirement Income Security Act (ERISA) of 1974. The Joint Board’s most recent roster of enrolled actuaries, posted on IRS.gov, lists more than 3,300 individuals. More information about the Joint Board and enrolled actuaries can be found on the Enrolled Actuaries page on IRS.gov.

 

Back to Top


FaceBook Logo  YouTube Logo  Instagram Logo  Twitter Logo  LinkedIn Logo


Thank you for subscribing to the IRS Newswire, an IRS e-mail service.

If you know someone who might want to subscribe to this mailing list, please forward this message to them so they can subscribe.

This message was distributed automatically from the mailing list IRS Newswire. Please Do Not Reply To This Message.


This email was sent to irsblogposts@gmail.com by: Internal Revenue Service (IRS) · Internal Revenue Service · 1111 Constitution Ave. N.W. · Washington, D.C. 20535GovDelivery logo