Member Profile

Alan Milligan was named Chief Actuary in June of 2010. He has been serving CalPERS since 2001. Prior to serving as named Chief Actuary, he served as Deputy Chief Actuary. He 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 its committees; and provides ongoing reports and presentations to the Board on actuarial issues. Mr. Milligan works in collaboration with the CalPERS Investment Office and the Chief Financial Officer to clarify the risks involved in the funding of the System and to provide a comprehensive asset liability management 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. He is very active in the application of risk management of public pensions, both within CalPERS as well as within the actuarial profession generally. Under his leadership, the CalPERS Actuarial Office has developed some of the best risk disclosures in the public pension sector today. Prior to joining CalPERS, Mr. Milligan served as a consulting actuary for the Canadian firm of Leong & Associates Actuaries and Consultants, Inc.