June 16, 2010
External Affairs Branch
Patricia K. Macht, Director
Contact: Brad Pacheco, Chief, Public Affairs
Alan Milligan Appointed CalPERS Chief Actuary
SACRAMENTO, CA – The CalPERS Board of Administration today appointed Alan W. Milligan as the Pension Fund's Chief Actuary.
Milligan was the Pension Fund's Deputy Chief Actuary and had been serving as the Interim Chief Actuary since the retirement of former Chief Actuary Ron Seeling in March 2010.
The Chief Actuary reports to the CalPERS Board and CEO Anne Stausboll, and is a member of the CalPERS executive team.
"Alan Milligan is a top-notch pension actuary who understands CalPERS and has worked closely with our contracting employers," said Rob Feckner, President of the CalPERS Board. "CalPERS employers, members, and the taxpayers of the State of California will be well-served as we address future challenges in the dynamic world of public employee pensions."
The Chief Actuary evaluates, develops, and implements actuarial policies and procedures and provides actuarial advice to the CalPERS Board and its Benefits and Program Administration Committee. Milligan 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 Milligan is a seasoned pension fund actuary with more than 20 years of public and private sector experience," said CalPERS Chief Executive Officer Anne Stausboll. "I am confident Alan will do an outstanding job of serving our members and employers."
Milligan 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.
Milligan is 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. He has a mathematics degree from the University of British Columbia.
CalPERS is the largest public employee pension fund in the U.S., with assets of more than $203 billion. The retirement system administers retirement and health benefits for 1.6 million active and retired California State, public school, and local public agency employees and their families on behalf of 3,000 public employers. More information is available at www.calpers.ca.gov.