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Rick has 20 years of pension and employee benefits consulting experience. He serves both public and private sector clients regarding their defined benefit pension and retiree medical plans. Client assignments include actuarial valuations, plan design cost studies, FASB valuations for developing expense and year-end disclosure for FASB ASC Topic 715, and government filings. Assignments also include GASB valuations under 67, 68, 74, and 75. He has developed asset-liability projection models for private and public sector clients to determine future funding levels and the cost of proposed plan changes. Rick has experience in performing audits for pension plans, including analysis of data, actuarial procedures, and assumptions. He also has extensive knowledge of Milliman’s pension valuation system and has helped to initially set up and program new clients into the system.
Rick currently performs actuarial services for the following public pension plans: the New Jersey Teachers’ Pension and Annuity Fund and the Manhattan and Bronx Surface Transit Operating Authority.
Rick is a member of Milliman’s GASB 67/68 Task Force and is also a principal researcher for Milliman’s Public Pension Funding Study, which provides for an independent analysis of the country’s 100 largest public pension plans.