How do the Qualification Standards affect enrolled actuaries?
There is an exemption for enrolled actuaries who issue SAOs related to retirement plans to which ERISA applies. This broad exemption is temporary. Beginning in 2011 (after the next three-year Joint Board cycle), the exemption is limited to the Form 5500 Schedule B certification and other ERISA forms. Enrolled actuaries who issue SAOs other than those exempted must satisfy the CE requirements of the Qualification Standards.