Public Plans Committee

The committee'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 committee:

  • 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 issue briefs and practice notes for the membership.
  • Comments on actuarial standards of practice related to public plans.

Staff liaison: Monica Konate´

Chairperson: Tom Lowman
Melissa Algayer
Paul Angelo
Rory Badura
Sherry Chan
David Driscoll
David Kausch
David Lamoureux
Matthew Larrabee
Robert May
Michael Noble
Brian Septon
Gregory Stump
Elizabeth Ann Wiley

Related Publications

Pension Committee, Multiemployer Plans Subcommittee, and Public Plans Subcommittee comments to the Actuarial Standards Board (ASB) on a draft actuarial standard of practice (ASOP) on risk assessment and disclosure. (October 31, 2016)
Public Plans Subcommittee comment letter on the exposure draft on Pension Issues—an amendment of GASB Statements No. 67, No. 68 and No. 73. 
(February 12, 2016)
Pension Committee comments to the Actuarial Standards Board (ASB) on its exposure draft, “Assessment and Disclosure of Risk Associated with Measuring Pension Obligations and Determining Pension Plan Contributions.” (June 01, 2015)
Public Plans Subcommittee comments to the Actuarial Standards Board (ASB) on its exposure draft, “Assessment and Disclosure of Risk Associated with Measuring Pension Obligations and Determining Pension Plan Contributions.” (May 29, 2015)
Public Plans Subcommittee letter to the Actuarial Standards Board on actuarial valuations and other analyses used for determining public pension and other postemployment plan funding and accounting.
(November 15, 2014)
Public Plans Subcommittee letter to the Actuarial Standards Board on actuarial valuations and other analyses used for determining public pension and other post-employment plan funding and accounting. 
(November 15, 2014)
The Pension Committee's Public Plans Subcommittee letter to the Governmental Accounting Standards Board commenting on an Exposure Draft on accounting and financial reporting for pension plans that are not administered through trusts and amendments to certain provisions of GASB Statements 67 and 68. (August 29, 2014)
Pension Plans Public Plans Subcommittee issue brief introducing the objectives and principles for funding pension plans for state and local government. (February 19, 2014)
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)
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)