The State Worker

Chronicling civil-service life for California state workers

June 19, 2010
CalPERS names new chief actuary
State employee news stacked up last week while we focused our efforts on reporting this week's significant labor contract news and wrapped up a story scheduled for tomorrow's Bee about state employee leave. 

So we're just now getting around to other news of state worker interest, like Wednesday's announcement that CalPERS has named Alan Milligan as its new chief actuary. A 10-year CalPERS veteran, Milligan was deputy to recently retired chief actuary Ron Seeling and had been serving as interim chief.

We have the memo circulated to CalPERS' staff earlier this week announcing Milligan's promotion.


From: Takehara, Carol On Behalf Of Stausboll, Anne
Sent: Wednesday, June 16, 2010 12:27 PM
To: Exchange Users, HQ; Exchange Users, Regional Offices
Subject: SELECTION OF NEW CHIEF ACTUARY

C

 

Memorandum

 
 

 


                                                                                                  Date:   June 16, 2010

 

California Public Employees' Retirement System

 

To:

CalPERS All Staff

From:

ANNE STAUSBOLL

Chief Executive Officer

Subject:

SELECTION OF NEW CHIEF ACTUARY


I'm pleased to inform you that CalPERS Board today selected Alan Milligan as our new Chief Actuary.

 

As Chief Actuary, Alan will oversee the CalPERS Actuarial and Employer Services Branch, which includes the Employer Services Division and the Actuarial Office, with a staff of nearly 200. The Chief Actuary also evaluates, develops, and implements actuarial policies and procedures and provides actuarial advice to the CalPERS Board and its Benefits and Program Administration Committee.  He will supervise the work of 15 actuaries and 30 support staff in the CalPERS Actuarial Office, which produces more than 1,500 actuarial valuations each year for approximately 3,000 public employers in California.  The Actuarial Office also provides cost analyses and other actuarial services for CalPERS contracting employers. 

Alan is a seasoned pension fund actuary with more than 20 years of public and private sector experience.  I am confident Alan will do an outstanding job of serving our members and employers.

Alan started his CalPERS career in 2001 as a senior pension actuary.  He was subsequently promoted to supervising pension actuary, managing actuary, and deputy chief actuary.

Prior to joining CalPERS, Milligan was an actuarial associate and consulting actuary for Leong & Associates Actuaries and Consultants, a private pension actuarial firm.  Prior to that, he worked for the Johnson & Higgins Willis Faber actuarial firm. He is also a fellow of the Conference of Consulting Actuaries, a member of the American Academy of Actuaries, a fellow of the Canadian Institute of Actuaries, and a fellow of the Society of Actuaries. 

Please join me in congratulating Alan!

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About The State Worker

Jon Ortiz The Author

Jon Ortiz launched The State Worker blog and a companion column in 2008 to cover state government from the perspective of California government employees. Every day he filters the news through a single question: "What does this mean for state workers?" Join Ortiz for updates and debate on state pay, benefits, pensions, contracts and jobs. Contact him at (916) 321-1043 and at jortiz@sacbee.com.

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