Lisa Schilling, FSA, EA, FCA, MAAA

Many state and large-city public pension plans in the U.S. carry significant unfunded liabilities. A pension plan’s funded status reflects the accumulation of a variety of historical and current factors. This session explores recent SOA research comparing contributions of large public pension plans to benchmarks that measure whether contributions paid down unfunded liabilities without factoring in other influences (e.g., investment returns).

In the role of Retirement Research Actuary at the Society of Actuaries, Lisa Schilling is responsible for developing and completing objective research on U.S. retirement systems for the purpose of advancing knowledge in order to inform public policy development and public understanding. She brings more than 30 years of experience to this role, having previously served as chief actuary for a large pension fund and a consultant at Hewitt Associates.