The Actuarial Assumption Landscape of Public Sector Pension Plans and Insolvencies in Public Sector Plans

Kevin Poenisch, ASA
Geoff Bridges, FSA, MAAA, FCA, EA

The financial health of public pension plans has been a source of concern to plan sponsors and taxpayers.  This session will examine the assumption landscape used by public sector pension plans, and discuss issues especially for underfunded plans.

Kevin Poenisch is a Senior Actuarial Analyst with Gabriel, Roeder, Smith & Company and an Associate of the Society of Actuaries. He has four years public sector pension consulting experience.

Geoff Bridges is a Senior Consultant and Actuary in Segal’s Chicago office with over 20 years of experience consulting to sponsors of defined benefit pension plans. His responsibilities include reviewing actuarial valuations and projections, and assisting with actuarial cost studies and experience studies. Mr. Bridges’ expertise includes deterministic cost and funding level projections, plan design analyses, experience studies and actuarial audits.

Prior to joining Segal in 2017, Mr. Bridges was a Senior Consultant at an insurance company with a defined benefit consulting practice. In this position, he managed and analyzed defined benefit and post-retirement welfare benefit valuations and assisted clients with various funding, accounting, administrative and plan design issues.

Mr. Bridges received a BA in Mathematics from Reed College and a MS in Applied Mathematics from the University of Washington. He is a Fellow of the Society of Actuaries, a Member of the American Academy of Actuaries, a Fellow of the Conference of Consulting Actuaries and an Enrolled Actuary.

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