Stephen T. McElhaney FCA MAAA FSA EA

Principal Consulting Actuary, Cheiron, Inc.

Contact Information
Cheiron, Inc.
8300 Greensboro Drive
Suite 800
McLean, VA 22102
Phone: 703-893-1456
Fax: 703-893-2006
Stephen T. McElhaney is a Principal Consulting Actuary at Cheiron and is a nationally respected public sector retirement consultant. He has extensive experience as an actuary for various state and local governmental retirement plans. Steve’s background has included presentations before public retirement boards and legislative bodies, as well as presentations before public sector conferences and actuarial meetings. Steve is a member of the Public Plans Steering Committee of the Conference of Consulting Actuaries. The Committee has been very active in submitting comments to the Governmental Accounting Standards Board (GASB) as they have proposed changes in pension accounting standards. The Committee has also submitted comments to the Actuarial Standards Board on proposed changes to actuarial standards. Steve also served on a task force established by GASB as it was developing Statements No. 74 and 75 for other postemployment benefit plans (OPEB). Prior to joining Cheiron, Steve was a Principal with a large national benefits consulting firm where he served as national leader for public sector retirement consulting in the US. This role included managing the activities of four public sector centers of excellence as well as being national coordinator for consulting related to GASB Statement No. 45. He also served on its national Professional Standards Leadership Team, which developed and monitored professional standards for all US employees. Some of his more significant consulting assignments have included: - Serving as lead actuary for numerous state and local governmental retirement plans. - Performing actuarial audits for more than numerous state retirement systems. - Serving as lead consultant on numerous pension plan design studies. Several of these studies included evaluation of hybrid arrangements as well as assessment of alternative defined contribution plans. - Assisting clients in implanting retirement choice for employees.
CCA Member Since 1976
Government DB/DC
Public Plans Community Steering Committee
Annual Meeting Program Committee
Board of Directors
Membership Committee
Risk ASOP 2nd Exposure Draft Response Working Group
Strategic Planning Committee
Welcome Committee for New Members

ASB Standards for Pension Actuaries 2019 Enrolled Actuaries Meeting (April 08, 2019)

New Risk ASOP 2018 Enrolled Actuaries Meeting (April 10, 2018)

Update on the GASB OPEB Standards 2017 Enrolled Actuaries Meeting (April 03, 2017)

GASB Update 2016 Enrolled Actuaries Meeting (April 11, 2016)

GASB Exposure Draft on OPEB Liabilities 2015 Enrolled Actuaries Meeting (April 13, 2015)

GASB Statements 67 and 68: Where Are We Now? 2015 Enrolled Actuaries Meeting (April 13, 2015)

Public Plans Open Forum 2012 CCA Annual Meeting (October 24, 2012)

Public Plans Funding and Governance Public Plans Funding and Governance (April 08, 2009)

Public Plans Funding Seminar Public Plans Funding Seminar (April 01, 2009)

Responding to Challenges in Public Pension Plans 2008 CCA Annual Meeting (October 27, 2008)

Health Benefit Issues Part 2: GASB 43/45 2008 Employee Benefits Spring Meeting (June 04, 2008)