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Title 10, Armed ForcesRelease 119-102

§1114 Board of Actuaries

Title 10 › Subtitle A — General Military Law › PART II — PERSONNEL › CHAPTER 56 — DEPARTMENT OF DEFENSE MEDICARE-ELIGIBLE RETIREE HEALTH CARE FUND › § 1114

Last updated Aug 21, 2026|Official source

Summary

Create a Department of Defense Board of Actuaries made up of three professional actuaries who are members of the Society of Actuaries and are appointed by the Secretary of Defense. Members serve 15-year terms, except the first three are set for 5, 10, and 15 years to stagger terms. A person filling a vacancy serves only the rest of that term and may stay until a successor takes office. The Secretary can remove a member only for misconduct or failure to do the Board’s work. If not a federal employee, a member is paid the daily equivalent of the highest General Schedule basic pay (subchapter III of chapter 53 of title 5) for days worked and gets travel and per diem under section 5703 of title 5. The Board must give the Secretary an annual actuarial report and advice when asked. It must review Fund valuations under section 1115(c) and report to the President and Congress at least once every four years on the Fund’s status, with any recommendations needed to protect the public interest and keep the Fund actuarially sound.

Full Legal Text

Title 10, §1114

Armed Forces, Source: USLM XML via OLRC

(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.
(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 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.

Legislative History

Notes & Related Subsidiaries

Editorial Notes

Amendments

2001—Subsec. (a)(1). Pub. L. 107–107 substituted “hereinafter” for “hereafter”.

Reference

Citations & Metadata

Citation

10 U.S.C. § 1114

Title 10, Armed Forces

Last Updated

Aug 21, 2026

Release point: 119-102