JOINT BOARD FOR THE ENROLLMENT OF ACTUARIES - EXAMINATION PROGRAM - November 2013 Pension EA-2 (Segment F) Examination

Sep 26, 2026

Uploaded by James

Actuarial examination program material for the Joint Board for the Enrollment of Actuaries, outlining requirements and structure for the Enrolled Actuary designation. The document explains that successful completion of the EA-1 and EA-2 examinations, together with responsible pension actuarial experience, determines eligibility to protect pension plan participants’ interests. It details exam durations and covered knowledge areas, including compound interest, life contingencies, ERISA-related pension law, and pension funding and contribution calculations, plus guidance on multiple-choice scoring and calculator eligibility rules.

LanguageEnglish

CategoryExam

FormatPDF

Pages32

Reading Time1 h 21 min

AccessFree to download

Introduction

All Examinations

Important Notices and Changes from Previous Programs

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 2013 PENSION EA-2 (SEGMENT F) EXAMINATION MAY 2014 BASIC (EA-1) EXAMINATION MAY 2014 PENSION EA-2 (SEGMENT L) EXAMINATION July 2013 Revised September 5, 2013 TABLE OF CONTENTS Introduction ................................................................................................................................................... 1 All Examinations .......................................................................................................................................... 2 Important Notices and Changes from Previous Programs ............................................................................ 3 Pension EA-2 (Segment F) Funding Examination........................................................................................ 4 Basic EA-1 Examination............................................................................................................................. 15 Pension EA-2 (Segment L) Law Examination............................................................................................ 19 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. The EA-1 and the EA-2 (Segment L) examinations are given each 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. 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 MLC 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 Joint Board website at [http://www.irs.gov/Tax-Professiona

FAQs

What exams must candidates complete for the Enrolled Actuary designation?

Candidates must successfully complete two actuarial examinations administered by the Joint Board: EA-1 and EA-2 (with two segments).

What topics are covered in the EA-1 examination?

EA-1 covers compound interest and practical financial analysis, as well as life contingencies and practical demographic analysis.

What are the calculator requirements for the examinations?

Candidates should bring an electronic calculator capable of required financial functions; calculators must have self-contained power, be noiseless, and not be able to retain text, and candidates must record the make and model on answer sheets.

Sep 26, 2026

Uploaded by James