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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 worked for the firm from 1998 to 2001 and rejoined in 2012 after having served as the Portland retirement practice leader of a major national competitor.


Matt has more than 20 years of actuarial consulting experience in pension and retiree medical programs sponsored by governmental and corporate entities. During that time, he has consulted with a variety of plan types and sponsors, and is currently the lead actuary for the Oregon Public Employees Retirement System and the Florida Retirement System.

He assists clients with a variety of matters, including 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 having the honor of 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). He also conducted a webinar for the National Institute on Retirement Security (NIRS). Matt has made numerous executive- and board-level presentations for his corporate clients and speaks at several continuing education conferences for financial reporting professionals.


Matt is the co-author (with Jennifer Brown of the National Instituite on Retirement Security) of the 2017 research study Decisions, Decisions – Retirement Plan Choices for Public Employees and Employers. He also wrote 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
  • Chairperson, Milliman’s Public Sector Specialty Practice Group
  • Work at Milliman

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