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!