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Matt Larrabee, FSA, EA, MAAA

Principal, Consulting Actuary
Portland, OR, US

Tel: +1 503 2270634

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Professional Designations

  • Fellow, Society of Actuaries
  • Member, American Academy of Actuaries
  • Enrolled Actuary under ERISA


  • BS, Mathematics, University of Utah
  • BSEE, Electrical Engineering, University of Utah

Current Responsibility

Matt Larrabee is a principal and consulting actuary in Milliman’s Portland, Oregon office. He rejoined the firm in 2012 after having served as the Portland retirement practice leader of a major national competitor for the prior six years.


Matt has 20 years of actuarial consulting experience with expertise in pension and retiree medical programs sponsored by governmental and corporate entities. He has consulted with a variety of plan types and sponsors. Matt currently serves as the consulting actuary for both the Oregon Public Employees Retirement System and the Florida Retirement System.

Matt assists clients with actuarial valuations, financial reporting, contribution strategy, stakeholder communications, plan design, experience studies, legislative impact assessments, and economic scenario analysis. Matt’s projects have included:

  • Stochastic analysis of funding strategy alternatives for public sector systems
  • Extensive plan design and legislative cost analysis for large public sector systems
  • Plan redesign and consolidation analysis for an acquisitive corporate sponsor that had accumulated 10 widely different benefit designs at its U.S. locations
  • Stochastic assessment of long-term property tax levy adequacy for a large pay-as-you-go public system
  • Contribution policy consulting for a multiple-employer plan covering more than a dozen joint sponsoring employers of varying sizes and financial conditions
  • Financial reporting under governmental (GASB), U.S. GAAP (FASB), and international (IFRS) accounting standards


Matt has been frequently quoted in the local media for his work with governmental sponsors. He is an experienced public speaker, including speaking at the annual conferences of the National Association of State Retirement Administrators (NASRA) the National Council on Teacher Retirement (NCTR), and the Association of Public Pension Fund Auditors (APPFA). Matt has also made numerous executive- and board-level presentations for his corporate clients.


Matt authored a Milliman PERiScope article summarizing the effects of changes to pension plan financial reporting requirements on governmental entities.


  • Member, American Academy of Actuaries Public Plans Subcommittee
  • Work at Milliman

    • “I was offered a chance to come in, shake things up, create something."
    Work at Milliman