FACA Committee Purpose & Justification The information in this plan was imported from the Federal Advisory Committee Act (FACA) database and transformed into StratML Part 1, Strategic Plan, format. Fiscal Year:2011 Committee Type: Other Actuarial Advisory Committee with respect to the Railroad Retirement Account RRB 0a1e033b-5563-44c7-aaa8-abced7fe8f88 [ Location : (http://stratml.fido.gov/dick/RRBFACA1229.xml) ][ Federated Name : (urn:www.rrb.gov:agency:62:committee:1229:) ][ Agency Name : (Railroad Retirement Board) ][ Agency Acronym : (RRB) ][ Agency Domain : (www.rrb.gov) ] [ Agency Web Site : (http://www.rrb.gov/ ) ][ Committee Name : (Actuarial Advisory Committee with respect to the Railroad Retirement Account) ][ Committee Type : (Other) ][ Committee Web Site : () ][ Goal? : (yes) ][ Vision? : (yes) ][ Mission? : (yes) ] Railroad Retirement Board http://www.rrb.gov/ The committee consists of three actuaries. Two are selected by the RRB, one ofthe two from recommendations made by representatives of railroad employees andthe other from recommendations made by representatives of railroad employers. The third actuary is appointed by the Secretary of the Treasury. The committeeis balanced in that labor, management and the public each have a representative. The committee gives the agency's actuaries more opinions on which to base finaldecisions. It also increases the acceptance of the results of actuarial valuations by reason of the participation of railroad labor and management. The performance of the committee is measured by the meetings held, issues raised and resolutions reached. 78d4c946-cfc5-4b4f-b238-3d1061ea24f8 In planning and carrying out the actuarial valuation of the railroad retirement system, the Committee counsels with the Chief Actuary as to the structure, actuarial methods, actuarial assumptions, and procedures of the valuation and as to the scope and content of his report. Therefore, the Committee helps the agency to serve as a responsible steward for our customers’ trust funds by ensuring that the amounts in the funds are projected and reported accurately. e03f8581-f210-404a-9dfb-f65a80c555e3 The recommendations of this committee can be obtained from other sources. However, the balance between labor, management and the public would bedifficult to obtain without a formal statutory committee. e3102b97-0297-4551-bb9c-b9919bee5c3b 43e72a74-837d-4f4e-adc4-ee1d15ceea64 42e274b8-285d-4f13-b684-423a77380273 2010-10-01 2011-09-30 2013-07-09 http://explore.data.gov/resource/datasets/c5i3-bb9j Gannon (J.) Dick gannon_dick@yahoo.com