Joint Board for the Enrollment of Actuaries Exam Program - November 2025 Pension EA-2 (Segment F) and May 2026 Basic (EA-1) - May 2026 Pension EA-2 (Segment L)

Sep 26, 2026

Uploaded by sagouaw

Exam program booklet detailing the Joint Board for the Enrollment of Actuaries’ two actuarial examinations required for the Enrolled Actuary designation. Explains the EA-1 examination structure and subject areas in compound interest, life contingencies, and practical demographic analysis, plus the EA-2 examination’s two segments: Segment L (pension law under ERISA and related authorities) and Segment F (actuarial assumptions and minimum/maximum tax-deductible contribution calculations). Includes timing by administration dates and guidance on waivers, eligibility experience linkage, and examination scoring and calculator rules.

LanguageEnglish

CategoryExam

FormatPDF

Pages35

Reading Time1 h 28 min

AccessFree to download

Introduction

All Examinations

Pension EA-2 (Segment F) Funding Examination

Basic EA-1 Examination

Pension EA-2 (Segment L) Law Examination

JOINT BOARD FOR THE ENROLLMENT OF ACTUARIES AMERICAN SOCIETY OF PENSION PROFESSIONALS AND ACTUARIES SOCIETY OF ACTUARIES EXAMINATION PROGRAM NOVEMBER 2025 PENSION EA-2 (SEGMENT F) EXAMINATION MAY 2026 BASIC (EA-1) EXAMINATION MAY 2026 PENSION EA-2 (SEGMENT L) EXAMINATION July 2025 Revised September 9, 2025 TABLE OF CONTENTS Introduction .......................................................................................................................................................... 1 All Examinations ................................................................................................................................................. 3 Pension EA-2 (Segment F) Funding Examination ...............................................................................................4 Basic EA-1 Examination.................................................................................................................................... 17 Pension EA-2 (Segment L) Law Examination ...................................................................................................21 INTRODUCTION The Joint Board for the Enrollment of Actuaries administers two actuarial examinations that must be successfully completed by individuals to satisfy the actuarial knowledge requirement for the designation of Enrolled Actuary. The actuarial knowledge requirement for enrollment is augmented by a requirement that a candidate have certain responsible pension actuarial experience. Through a combined knowledge and experience requirement, the Joint Board seeks to determine which applicants for the designation of Enrolled Actuary have the skills necessary to protect the interests of pension plan participants. The examinations are structured as follows: The EA-1 examination is two-and-one-half hours in length and covers (1) the mathematics of compound interest and practical financial analysis and (2) the mathematics of life contingencies and practical demographic analysis. The pension (EA-2) examination consists of two segments: (a) The EA-2 (Segment L) law examination (formerly EA-2 (Segment B)) is two-and-onehalf hours in length and covers relevant pension laws (in particular the provisions of the Employee Retirement Income Security Act (ERISA) and related laws, regulations, and rulings) as they affect pension actuarial practice. The EA-2 (Segment L) examination presupposes knowledge of the topics covered in the EA-1 examination. (b) The EA-2 (Segment F) examination (formerly EA-2 (Segment A)) is four hours in length and covers the selection of actuarial assumptions and calculation of minimum required and maximum tax-deductible contributions under current pension law, along with the related actuarial mathematics. The EA-2 (Segment F) examination presupposes knowledge of the topics covered in the EA-1 and EA-2 (Segment L) examinations. EA-1 and the EA-2 (Segment L) examinations are given in May; the EA-2 (Segment F) examination is given in November. A candidate for enrollment may be able to satisfy part of the actuarial knowledge requirement of the Joint Board regulations by earning a degree in actuarial mathematics or its equivalent from an accredited college or university. Such candidates will not have to pass the EA-1 examination. The courses in the plan of study and their successful completion must comply with guidelines adopted by the Joint Board for determining what demonstrates the requisite knowledge. See the Educational Requirements in Lieu of EA-1 Exam, which has been updated as of April 17, 2025. Also, the Joint Board will grant a waiver of the EA-1 examination to any candidate who received credit from the Society of Actuaries (SOA) for Courses FM and either a) MLC, b) LTAM or c) the combination ofFAM and ALTAM of the SOA’s education and examination program. Under either approach, the candidate must apply to the Joint Board for a waiver of the EA-1 examination as outlined on the Jo

FAQs

What exams are required to satisfy the actuarial knowledge requirement for enrollment as an Enrolled Actuary?

Candidates must complete both the EA-1 examination and the EA-2 examination, which has two segments: EA-2 (Segment L) and EA-2 (Segment F).

How are the EA-2 exam segments structured and scheduled?

EA-2 consists of two segments. EA-2 (Segment L) is a law examination given in May, while EA-2 (Segment F) is a funding examination given in November.

What calculator requirements apply to candidates during the exams?

Candidates generally may use an electronic calculator for arithmetical computations, provided it has self-contained power, is noiseless, and cannot retain text. Any concerns are recorded by the supervisor for later determination.

Sep 26, 2026

Uploaded by sagouaw