If the Actuarial Standards Board enacts recommendations from its Pension Task Force, actuarial valuations for state and local government pensions will report unfunded liabilities of over $5 trillion ...

A recent decision by the U.S. Court of Appeals for the Sixth Circuit (which covers Michigan, Ohio, Tennessee and Kentucky) signals an increased willingness to scrutinize outdated actuarial assumptions ...

State and local public sector employee pensions are widely known to be underfunded, but pension financial reports do not reveal the true extent of funding shortfalls. Pension accounting methods assume ...

In late September, Chicago Mayor Lori Lightfoot delivered her 2022 budget address to the City Council. It was filled with a long list of new spending programs, including $400 million for community ...

Katrina Ávila Munichiello is an experienced editor, writer, fact-checker, and proofreader with more than fourteen years of experience working with print and online publications. Investopedia / Ellen ...

Proposed new rules for actuarial advice should be revised to reduce unnecessary communication and complexity, according to the Society of Pension Professionals (SPP). The society was responding to the ...

More than 40% of schemes will undergo a triennial actuarial valuation this year. Owen Walker assesses their main obstacles – and how to overcome them Pension schemes undertaking an actuarial valuation ...

UK - Attempts to heal the row within the actuarial profession over pension scheme valuation methods has suffered a serious setback, following objections from Watson Wyatt. Watson Wyatt partner John ...

Pension Plan consulting actuary with 40+ years of experience. Had third party administration (TPA) and actuarial firm serving 650 pension, profit sharing and 401k plans. Experienced in consulting and ...