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IRS Adds Advisory Panel Members

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An actuary and a pension lawyer are among a group of 10 new members of the federal Advisory Committee on Tax Exempt and Government Entities (ACT).

The Internal Revenue Service (IRS) created the created the ACT to help it get information and opinions about issues related to tax-exempt and government entities, officials say.

The 21 ACT members include representatives from employee retirement plans, tax-exempt organizations, tax-exempt bonds and federal, state, local and Indian tribal governments.

One of the new members who represents employee plans is Joan McCabe, the owner of Actuarial Designs & Solutions Inc., Scarborough, Maine.

McCabe runs an independent actuarial consulting and retirement plan administration firm. She is an enrolled actuary and an associate in the Society of Actuaries, Schaumburg, Ill.

Other new employee plans representative is Stephen Ferszt, chair of the employee benefits and executive compensation group at Tarter Krinsky & Drogin L.L.P., New York, a law firm.

- Allison Bell

Other federal advisory council coverage from National Underwriter Life & Health: