[1] Enrolled actuaries, under regulations of the Department of the Treasury and the Department of Labor, perform a variety of tasks with respect to pension plans in the United States under ERISA.
The second (EA-2) examination consists of two segments, which are offered during separate exam sittings in either the fall or the spring.
Segment F covers the selection of actuarial assumptions, actuarial cost methods, and the calculation of minimum (required) and maximum (tax-deductible) contributions to pension plans.
Segment L tests knowledge of relevant federal pension laws (in particular, the provisions of ERISA) as they affect pension actuarial practice.
Some firms that employ enrolled actuaries combine two or more of these practice specialties.