The Joint Board for the Enrollment of Actuaries("JBEA") provided enrolled actuaries with notice that it is waiving the physical presence requirement for continuing professional education ("CPE") credit for any formal programs conducted from January 1, 2020, through December 31, 2022. This waiver applies to all enrolled actuaries, whether they are in active or inactive status.
Enrolled actuaries are still required to earn the same number of credit hours under formal programs that would otherwise be required. Although the physical presence requirement is temporarily waived, the other requirements for a formal program continue to apply, including all requirements for a qualifying program under the Joint Board regulations, attendance by at least three participants engaged in substantive pension service, and an opportunity for participants to interact with the instructor during the program. In addition, the certificate of completion or instruction issued by a qualifying sponsor of the program must indicate that the program is a formal program.
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