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Daniel Wade, FSA, MAAA, EA

Principal, Consulting Actuary
Seattle, WA, US

Tel: +1 206 6247940

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Professional Designations

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

Education

  • BS (Phi Beta Kappa), Mathematics, Stanford University

Current Responsibility

Daniel is a principal and consulting actuary with the Seattle office of Milliman. He joined the firm in 2003.

Experience

Daniel has 20 years of experience in the employee benefits field, serving primarily public sector clients, including 10 large county retirement systems throughout the state of California. He is lead technical actuary for the Florida Retirement System.

He currently manages pension valuations for more than 20 municipal plans in the Washington state fire and police systems. He also manages LEOFF I retiree medical benefit valuations for many of these same cities, as well as for two counties.

He is the external office peer review actuary for the Oregon Public Employees Retirement System. He has assisted clients with many aspects of defined benefit plans, including:

  • Experience studies
  • Projections of future contribution rates
  • Valuation of pension and retiree medical benefits
  • Benefit calculations
  • Analysis of pension plan funding policies
  • Actuarial audits

Recent projects include the GASB 45 retiree medical valuations for 35 clients.

Presentations and Publications

Daniel’s recent presentations include:

  • Actuarial and GASB issues for public plans (How can an actuary help you?) to the National Association of Public Plan Attorneys
  • Plan redesign: Debating the pros and cons of current proposals to the Public Fund Boards Forum
  • Who created America’s public pension problems? Can actuaries help lead the way out? to Conference of Consulting Actuaries
  • GASB 67 and 68: The new world of public pension plan accounting
  • GASB 74 and 75

His recent publications include:

  • Case study: Maintaining a healthy funded status in defined benefit retirement systems
  • Setting the discount rate for valuing pension liabilities
  • Overview of GASB Statements 73, 74, and 75

Affiliations

  • Member, 2013-2016 Annual Meeting Program Committee for the Conference of Consulting Actuaries
  • Work at Milliman

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