Alan W. Milligan was named Chief Actuary in June of 2010. He has been with CalPERS since 2001 and served previously as Deputy Chief Actuary. Mr. Milligan plans, organizes, evaluates, and directs the work of the actuarial staff. He also develops and implements actuarial policies and procedures; independently provides advice to the Board of Administration and the Benefits and Program Administration Committee; provides ongoing reports and presentations to the Board and the Committee on actuarial issues; coordinates the activities of the independent consulting actuary and acts as liaison between the consulting actuary and the Board. Mr. Milligan works in collaboration with the CalPERS Investment Office to provide a comprehensive asset allocation strategy. He recommends changes in the law, contribution rates and actuarial tables based upon the results of investigations and valuations; directs actuarial studies for the determination of the cost of proposed legislation; confers with public agency and State officials on actuarial matters and appears before elected boards and legislative committees. Mr. Milligan also serves as Chair of the California Actuarial Advisory Panel, which provides information on pensions, other postemployment benefits, and best practices to the Legislature, Governor, public retirement systems, and other public agencies. Prior to joining CalPERS, Mr. Milligan served as a consulting actuary for the Canadian firm of Leong & Associates Actuaries and Consultants, Inc. Mr. Milligan is a Fellow of the Society of Actuaries, a Fellow of the Canadian Institute of Actuaries, a member of the American Academy of Actuaries, and a Fellow of the Conference of Consulting Actuaries. Mr. Milligan earned his Bachelor’s degree in mathematics from the University of British Columbia.
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