
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 2, 2001]
[Document affected by Public Law 107-107 Section 1048(a)(12)]
[CITE: 10USC1114]

 
                         TITLE 10--ARMED FORCES
 
                    Subtitle A--General Military Law
 
                           PART II--PERSONNEL
 
CHAPTER 56--DEPARTMENT OF DEFENSE MEDICARE-ELIGIBLE RETIREE HEALTH CARE 
                                  FUND
 
Sec. 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 (hereafter 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.

(Added Pub. L. 106-398, Sec. 1 [[div. A], title VII, Sec. 713(a)(1)], 
Oct. 30, 2000, 114 Stat. 1654, 1654A-180.)
