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10 U.S.C. § 1114 — Board of Actuaries
Federal law — U.S. Code and appendices · legal_authorities
**(a)**
(1) There is established in the Department of Defense a Department of Defense Medicare-Eligible Retiree Health Care Board of Actuaries (hereinafter in this chapter referred to as the “Board”). The Board shall consist of three members who shall be appointed by the Secretary of Defense from among qualified professional actuaries who are members of the Society of Actuaries.
(2)
(A) Except as provided in subparagraph (B), the members of the Board shall serve for a term of 15 years, except that a member of the Board appointed to fill a vacancy occurring before the end of the term for which his predecessor was appointed shall only serve until the end of such term. A member may serve after the end of his term until his successor has taken office. A member of the Board may be removed by the Secretary of Defense for misconduct or failure to perform functions vested in the Board, and for no other reason.
(B) Of the members of the Board who are first appointed under this paragraph, one each shall be appointed for terms ending five, ten, and 15 years, respectively, after the date of appointment, as designated by the Secretary of Defense at the time of appointment.
(3) A member of the Board who is not otherwise an employee of the United States is entitled to receive pay at the daily equivalent of the annual rate of basic pay of the highest rate of basic pay under the General Schedule of subchapter III of chapter 53 of title 5, for each day the member is engaged in the performance of duties vested in the Board, and is entitled to travel expenses, including a per diem allowance, in accordance with [section 5703 of title 5](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title5-section5703&num=0&edition=prelim).
**(b)** The Board shall report to the Secre
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Stable record: federal_law:legal_authorities:record_usc_9340f3c9d73e12736ccd2057
Source file: Laws/federal/codes/united-states-code/title-10/section-1114-board-of-actuaries--b1749e19c5.md
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Passage SHA-256: 73b06ddb6770aa780dd86eb48654b8d7adecf14ad3dff24895746096f9c8802f
Source location: Title 10, Chapter 56, § 1114; chapter-056-department-of-defense-medicare-eligible-retiree-health-care-fund.md
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**(a)**
(1) There is established in the Department of Defense a Department of Defense Medicare-Eligible Retiree Health Care Board of Actuaries (hereinafter in this chapter referred to as the “Board”). The Board shall consist of three members who shall be appointed by the Secretary of Defense from among qualified professional actuaries who are members of the Society of Actuaries.
(2)
(A) Except as provided in subparagraph (B), the members of the Board shall serve for a term of 15 years, except that a member of the Board appointed to fill a vacancy occurring before the end of the term for which his predecessor was appointed shall only serve until the end of such term. A member may serve after the end of his term until his successor has taken office. A member of the Board may be removed by the Secretary of Defense for misconduct or failure to perform functions vested in the Board, and for no other reason.
(B) Of the members of the Board who are first appointed under this paragraph, one each shall be appointed for terms ending five, ten, and 15 years, respectively, after the date of appointment, as designated by the Secretary of Defense at the time of appointment.
(3) A member of the Board who is not otherwise an employee of the United States is entitled to receive pay at the daily equivalent of the annual rate of basic pay of the highest rate of basic pay under the General Schedule of subchapter III of chapter 53 of title 5, for each day the member is engaged in the performance of duties vested in the Board, and is entitled to travel expenses, including a per diem allowance, in accordance with [section 5703 of title 5](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title5-section5703&num=0&edition=prelim).
**(b)** The Board shall report to the Secretary of Defense annually on the actuarial status of the Fund and shall furnish its advice and opinion on matters referred to it by the Secretary.
**(c)** The Board shall review valuations of the Fund under [section 1115(c) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title10-section1115/c&num=0&edition=prelim) and shall report periodically, not less than once every four years, to the President and Congress on the status of the Fund. The Board shall include in such reports recommendations for such changes as in the Board’s judgment are necessary to protect the public interest and maintain the Fund on a sound actuarial basis.
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Federal law — U.S. Code and appendices · legal_authorities
An employee serving intermittently in the Government service as an expert or consultant and paid on a daily when-actually-employed basis, or serving without pay or at $1 a year, may be allowed travel or transportation expenses, under this subchapter, while away from his home or regular place of business and at the place of employment or service.
Source: Supplied U.S. Code snapshot — release unconfirmed · 5 U.S.C. § 5703
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Federal law — U.S. Code and appendices · legal_authorities
Page 1175
TITLE 10—ARMED FORCES
§ 1115
EFFECTIVE DATE
Pub. L. 106–398, § 1 [[div. A], title VII, § 713(b)(1)], Oct.
30, 2000, 114 Stat. 1654, 1654A–184, provided that: ‘‘Sec-
tions 1113 and 1116 of title 10, United States Code (as
added by subsection (a)), shall take effect on October 1,
2002.’’
§ 1114. Board of Actuaries
(a)(1) There is established in the Department
of Defense a Department of Defense Medicare-
Eligible Retiree Health Care Board of Actuaries
(hereinafter in this chapter referred to as the
‘‘Board’’). The Board shall consist of three mem-
bers who shall be appointed by the Secretary of
Defense from among qualified professional actu-
aries who are members of the Society of Actu-
aries.
(2)(A) Except as provided in subparagraph (B),
the members of the Board shall serve for a term
of 15 years, except that a member of the Board
appointed to fill a vacancy occurring before the
end of the term for which his predecessor was
appointed shall only serve until the end of such
term. A member may serve after the end of his
term until his successor has taken office. A
member of the Board may be removed by the
Secretary of Defense for misconduct or failure
to perform functions vested in the Board, and
for no other reason.
(B) Of the members of the Board who are first
appointed under this paragraph, one each shall
be appointed for terms ending five, ten, and 15
years, respectively, after the date of appoint-
ment, as designated by the Secretary of Defense
at the time of appointment.
(3) A member of the Board who is not other-
wise an employee of the United States is enti-
tled to receive pay at the daily equivalent of the
annual rate of basic pay of the highest rate of
basic pay under the General Schedule of sub-
chapter III of chapter 53 of
Source: Supplied 2024 U.S. Code historical extraction · 10 U.S.C. § 1114
Stored review status: historical_2024_not_currentness_verified. Same stored citation; legal effect and authority still require review.