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Timothy J. Nugent, EA, MAAA, FSA

Consulting Actuary
Wayne, PA, US

Tel: +1 610 6875644

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Professional Designations

  • Enrolled Actuary, ERISA
  • Member, American Academy of Actuaries
  • Associate, Society of Actuaries


  • BS, Mathematics, St. Lawrence University, Canton, N.Y.

Current Responsibility

Tim is a consulting actuary in the Philadelphia office of Milliman. He joined the firm in 2005.


Tim is experienced in the actuarial valuation of pension and welfare benefits, serving both public and private sector clients. Client assignments include actuarial valuations for minimum funding and employer accounting under ERISA, FASB, and GASB standards; cost studies and legislative impacts (including multi-year projections); and government filings. He also serves clients with postretirement benefit plans by performing valuations to comply with FASB ASC Topic 715 and GASB 25, 27, and 45 standards.

Tim has experience in developing stochastic and deterministic cost-projection models for private and public sector clients to determine future funding levels and the cost of proposed plan changes. He has experience in performing audits for pension plans, including analysis of data, actuarial procedures, and assumptions.

Examples of specific past special public sector projects include:

  • Actuarial audit – Pennsylvania State Employee Retirement System
  • Plan redesign and funding alternative study – Puerto Rico Teachers Retirement System

Examples of specific ongoing public sector client projects include:

  • Consultant to Pennsylvania Public Employee Retirement Commission
  • Assistant System Actuary – Puerto Rico Government Employees Retirement System
  • Assistant System Actuary – Metropolitan Transportation Authority Defined Benefit Pension Plan
  • Assist annual peer review of Texas County and District Retirement System valuation
  • Assist annual peer review of Florida Retirement System valuation
  • Work at Milliman

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