NAIFA invites members to consider putting their name forward as a nominee to serve on the Department of Labor’s ERISA Advisory Council or the Federal Reserve Board’s Insurance Policy Advisory Committee. Details for each are below. If selected, you will be tasked with leveraging your expertise to provide critical input on the important role financial advisors and insurance producers play in securing Americans’ futures.
Interested members should submit their names and contact information to governmentrelations@naifa.org. Please include your occupation/position, political party affiliation, telephone number, address and email address to be considered. Please also note if you prefer to be considered for the ERISA Advisory Council or the Insurance Policy Advisory Committee. NAIFA’s Executive Committee will then review all submissions and select the Association’s nominees.
ERISA Advisory Council
The Department of Labor is accepting nominations to fill five positions on the ERISA Advisory Council that will become vacant on December 31, 2024. Nominations must be submitted by August 26, 2024. The council consists of 15 members appointed by the Secretary of Labor. Three members are representatives of employee organizations (at least one of whom represents an organization whose members are participants in a multiemployer plan). Three members are representatives of employers (at least one of whom represents employers maintaining or contributing to multiemployer plans). Three members are representatives of the general public. There is one representative each from the fields of insurance, corporate trust, actuarial counseling, investment counseling, investment management, and accounting. The duties of the council are to advise the Secretary and submit recommendations regarding the Secretary's functions under ERISA.
For additional information, please visit ERISA Advisory Council.
Federal Reserve Board
The Federal Reserve Board is seeking individuals with a diverse set of expert insurance perspectives in life, property and casualty, and reinsurance issues to serve on its Insurance Policy Advisory Committee, or IPAC. The IPAC is comprised of 21 members who serve staggered three-year terms and have diverse professional backgrounds, including insurance accounting, actuarial science, academia, insurance regulation, and policyholder advocacy. Each year, the Board selects seven individuals to each serve three-year terms. The Board may select additional individuals to fill any term that is unexpired and vacated by an existing member. Interested individuals may submit a Statement of Interest to the Board between Monday, August 5 and Monday, October 7, 2024.
For additional information, please visit Federal Reserve Board.
Questions for NAIFA? Contact NAIFA’s government relations team at governmentrelations@naifa.org.