Pension Plan Actuary

A Pension Plan Actuary is a financial expert who evaluates and manages the long-term financial health of a pension plan. They analyze data to determine the amount of money needed today to ensure there are enough funds to pay future retirement benefits. This involves assessing demographic factors, investment returns, and contribution levels. Their goal is to ensure the pension plan remains solvent and can reliably provide promised retirement income, balancing the interests of both the plan sponsor and beneficiaries through careful financial forecasting and risk management.