It's Not Voodoo: It's Just Your Actuarial Report
Recorded On: 06/22/2020
Actuarial reporting can be complex, but important for understanding the status of pension and OPEB plans. Speakers in this session will focus on key components of an actuarial report and will guide finance officers on how to interpret their government’s actuarial reports. In addition, speakers will address frequently asked questions about the actuarial reports to allow for finance officers to better understand and explain this information to other stakeholders in the government.
Vice President and Consulting Actuary, Segal
Todd Tauzer is a Vice President and Consulting Actuary for Segal, working primarily with major city and country retirement systems throughout the state of California. He came to Segal as Director of Municipal Pensions from S&P Global Ratings, where he helped develop a detailed framework to evaluate the sustainability and security of public pension and OPEB plans across the country. Prior to S&P he was a senior pension actuary at CalPERS, where he worked for almost ten years and was heavily involved in asset liability management and risk mitigation.
Tauzer serves in various national roles, including being currently elected to the Society of Actuaries’ Retirement Section Council, Vice-Chair of the American Academy of Actuaries’ Public Plans Committee, and a member of the Conference of Consulting Actuaries’ Annual Meeting Program Committee. He also serves on the California Actuarial Advisory Panel as the representative of the speaker of the California Assembly, the board of the California Society of Municipal Analysts and the advisory board of the Actuarial Science program at the University of the Pacific. Tauzer is a Fellow of the Society of Actuaries, a Fellow of the Conference of Consulting Actuaries, a Member of the American Academy of Actuaries, and a Chartered Enterprise Risk Analyst. He is a graduate of the University of California, Davis, with a joint degree in Mathematics and Economics and a minor in Mandarin.
Chief Financial Officer, San Bernardino County Employees' Retirement Associ
Ms. McInerny serves as the Chief Financial Officer for the San Bernardino County Employees’ Retirement Association (SBCERA). She is responsible for managing all of SBCERA’s financial processes, including budgeting, accounting, cash management, and financial planning and analysis.
Ms. McInerny brings to her role more than 15 years of financial reporting experience, with expertise in process improvement and financial leadership.
Prior to joining SBCERA in 2015, Ms. McInerny held various and progressively responsible positions with non-profit organizations, a regional payroll provider, and regional public accounting firms.
Ms. McInerny earned a Bachelor of Science degree in Business Administration with a concentration in Accounting from California State University, San Bernardino and is a licensed Certified Public Accountant (CPA) in the State of California.
Senior Actuary, South Dakota Retirement System
Doug Fiddler joined the South Dakota Retirement System (SDRS) as a Senior Actuary in 2014. Prior to that, he worked as a consulting actuary for more than 25 years at several consulting firms.
Doug currently serves as the staff actuary for SDRS. As such, he prepares annual valuations, cost studies, experience studies and fiscal impact statements. In addition, he works with System staff, the Board of Trustees and outside consultants on various administration and plan design issues.
In his prior role, he consulted with numerous state and local pension plans as well as private sector pension sponsors. In addition to his current role with SDRS, Doug is a member of the GFOA’s Committee on Retirement and Benefit Administration and is a member of the Society of Actuaries Social Insurance and Public Finance Section Council and Retirement Plans Experience Committee.
Doug has a Bachelor of Science degree in Mathematics from Wheaton College. He is a Fellow of the Conference of Consulting Actuaries, an Associate of the Society of Actuaries, a Member of the American Academy of Actuaries and an ERISA enrolled Actuary.