§ 903.
(b)
Functions of Board
On and after the date the Commissioner takes office, the Board shall advise the Commissioner on policies related to the old-age, survivors, and disability insurance program under subchapter II, the program of special benefits for certain World War II veterans under subchapter VIII, and the supplemental security income program under subchapter XVI. Specific functions of the Board shall include—
(1)
analyzing the Nation’s retirement and disability systems and making recommendations with respect to how the old-age, survivors, and disability insurance program and the supplemental security income program, supported by other public and private systems, can most effectively assure economic security;
(2)
studying and making recommendations relating to the coordination of programs that provide health security with programs described in paragraph (1);
(3)
making recommendations to the President and to the Congress with respect to policies that will ensure the solvency of the old-age, survivors, and disability insurance program, both in the short-term and the long-term;
(4)
making recommendations with respect to the quality of service that the Administration provides to the public;
(5)
making recommendations with respect to policies and regulations regarding the old-age, survivors, and disability insurance program and the supplemental security income program;
(6)
increasing public understanding of the social security system;
(7)
making recommendations with respect to a long-range research and program evaluation plan for the Administration;
(8)
reviewing and assessing any major studies of social security as may come to the attention of the Board; and
(9)
making recommendations with respect to such other matters as the Board determines to be appropriate.
(d)
Terms of appointment
Each member of the Board shall serve for a term of 6 years, except that—
(1)
a member appointed to a term of office after the commencement of such term may serve under such appointment only for the remainder of such term; and
(2)
the terms of service of the members initially appointed under this section shall begin on October 1, 1994, and expire as follows:
(A)
The terms of service of the members initially appointed by the President shall expire as designated by the President at the time of nomination, 1 each at the end of—
(B)
The terms of service of members initially appointed by the President pro tempore of the Senate shall expire as designated by the President pro tempore of the Senate at the time of nomination, 1 each at the end of—
(C)
The terms of service of members initially appointed by the Speaker of the House of Representatives shall expire as designated by the Speaker of the House of Representatives at the time of nomination, 1 each at the end of—
(f)
Compensation, expenses, and per diem
A member of the Board shall, for each day (including traveltime) during which the member is attending meetings or conferences of the Board or otherwise engaged in the business of the Board, be compensated at the daily rate of basic pay for level IV of the Executive Schedule. While serving on business of the Board away from their homes or regular places of business, members may be allowed travel expenses, including per diem in lieu of subsistence, as authorized by section 5703 of title 5 for persons in the Government employed intermittently.
(j)
Authorization of appropriations
There are authorized to be appropriated, out of the Federal Disability Insurance Trust Fund, the Federal Old-Age and Survivors Insurance Trust Fund, and the general fund of the Treasury, such sums as are necessary to carry out the purposes of this section.
([Aug. 14, 1935, ch. 531], title VII, § 703, [49 Stat. 636]; [Aug. 28, 1950, ch. 809], title III, pt. 6, § 361(c), (d), [64 Stat. 558]; [Pub. L. 98–369, div. B, title VI, § 2663](l)(1), July 18, 1984, [98 Stat. 1171]; [Pub. L. 103–296, title I, § 103], Aug. 15, 1994, [108 Stat. 1467]; [Pub. L. 104–121, title I, § 108], Mar. 29, 1996, [110 Stat. 857]; [Pub. L. 105–33, title V, § 5526], Aug. 5, 1997, [111 Stat. 625]; [Pub. L. 106–169, title II, § 251(b)(4)], Dec. 14, 1999, [113 Stat. 1855]; [Pub. L. 108–203, title IV, § 417(a)], Mar. 2, 2004, [118 Stat. 530]; [Pub. L. 117–286, § 4(a)(249)], Dec. 27, 2022, [136 Stat. 4333].)