Actuaries and the Public Pension Crisis

Professor Joshua Rauh moderated a webinar on the public pension crisis that covered many bases and is well worth watching all the way through:

but for those interested in the role actuaries play here are some excerpts:

Sean McShea, President of Ryan Labs starts off criticizing smoothing methods and Richard Ravitch ends with this perceptive observation:

being an employee they do not, as accountants do or as lawyers do, have any independent fiduciary obligation to society as a whole.


David Crane, Lecturer in Public Policy at Stanford offers a suggestion:

A suggestion that I brought up at an Enrolled Actuaries seminar a couple of years ago to a lukewarm reception:

One response to this post.

  1. good post and also good site.


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