Public Plans Subcommittee

The Subcommittee's mission is to bring to the public and the United States actuarial profession expertise regarding retirement plans for state and local government employees. Within the scope of this mission, the Subcommittee:
  • Provides independent and objective analysis, advice, and education to stakeholders of state and local government employee benefit plans with respect to:
    • Funding
    • Financial Reporting, in conjunction with Pension Accounting Committee
    • Managing financial risks
    • Plan Design
  • Develops practice notes for the membership.
  • Comments on actuarial standards of practice related to public plans.

Staff liaison:David Goldfarb

Chairperson: Bill Hallmark
Vice Chairman: Brad Armstrong

 Melissa Algayer
 Paul Angelo
 Brent Banister
 John Bartel
 William Fornia
 Larry Langer
 Matthew Larrabee
 Alan Milligan
 Kim Nicholl
 Robert North
 Mark Olleman
 James Rizzo
 Graham Schmidt
 Brian Septon
 David Stimpson
 Gregory Stump

Related Publications

Comments to CAAP Regarding MAFPP Discussion Draft
Comments by Public Plans Subcommittee to the California Actuarial Advisors Panel (CAAP) in response to its discussion draft, Version 9c, Model Actuarial Funding Policies and Practices (MAFPP) for Public Pension and OPEB Plans. (October 03, 2012)
Joint Comments on GASB’s 'Preliminary Views on Economic Condition Reporting: Financial Projections'
Pension Accounting Committee and Public Plans Subcommittee joint comment letter to the Governmental Accounting Standards Board responding to GASB’s Preliminary Views on Economic Condition Reporting: Financial Projections. (April 02, 2012)
Response to GASB’s Exposure Drafts
The Academy's Pension Practice Council comments to the Governmental Accounting Standards Board (GASB) in response to two exposure drafts on pension accounting and financial reporting by employers. (October 17, 2011)
Comments to GASB on Exposure Drafts on Pension Accounting and Financial Reporting by Employers
Pension Practice Council comments to the Governmental Accounting Standards Board (GASB) to two exposure drafts on pension accounting and financial reporting by employers. (October 14, 2011)
Comments to SEC on Municipal Advisor Registration
Pension Practice Council and Public Plans Subcommittee comment letter to the Securities and Exchange Commission requesting that public pension plans be excluded from the definition of "investment strategies" and that enrolled actuaries and members of the five U.S.-based actuarial organizations be excluded from the definition of "municipal advisors" to the extent they are providing actuarial services that are governed by the Actuarial Standards of Practice and the Code of Professional Conduct. (June 22, 2011)
Public Plans Subcommittee Submits Comments to the California Actuarial Advisors Panel