Paul Angelo FCA MAAA FSA EA

Senior Vice President & Actuary, Segal Consulting

Contact Information

Segal Consulting
100 Montgomery Street
Suite 500
San Francisco, CA 94104-4308
US
Phone
415-263-8273
Fax
415-263-8290
Email
pangelo@segalco.com
Mr. Angelo is a Senior Vice President and Actuary in Segal’s San Francisco office. He has over 35 years of experience in the design, valuation and administration of large defined benefit plans, including corporate, governmental, Taft-Hartley and other collectively bargained plans. Mr. Angelo currently serves as valuation actuary for sixteen major California county and city retirement systems and associations, as well as the University of California Retirement Systems. His assignments for these systems have included funding policy design and review, analysis of pension reform proposals and consulting to bargaining parties on benefit design. Mr. Angelo is a former member of the GASB Postemployment Benefits Accounting and Financial Reporting Task Force and currently serves on the California Actuarial Advisory Panel, as well as the Committee on Retirement and Benefits Administration of the Government Finance Officers Association (GFOA CORBA). Mr. Angelo has a BS in Mathematics from the University of Notre Dame and an MA in Mathematics from Harvard University. He also holds a Master of Actuarial Science degree from the University of Michigan Graduate School of Business Administration. Mr. Angelo is a Fellow of the Society of Actuaries, a Member of the American Academy of Actuaries, a Fellow of the Conference of Consulting Actuaries and an ERISA Enrolled Actuary. Mr. Angelo is active in several national actuarial organizations. He currently serves as Chair of the Public Plans Community of the Conference of Consulting Actuaries and as head of the Public Plans Section of the Conference’s Annual Meeting Committee. Mr. Angelo is active in the American Academy of Actuaries Pension Practice Council and has served as chair of its Public Plans Subcommittee. He is a past Chair of the Pension Section Council of the Society of Actuaries and is a current member of the Society’s Social Insurance & Public Finance Section Council. In 2012, Mr. Angelo was named the Most Valuable Volunteer by the Conference of Consulting Actuaries. Mr. Angelo is an active speaker on retirement topics. He has made frequent presentations to both California and national associations of public retirement systems. Recent presentation topics include new developments in funding policy guidance and practice, and the ongoing debate regarding financial economics and public sector plans. Mr. Angelo is also a frequent speaker on public pension topics and financial economics at conferences sponsored by the American Academy of Actuaries, the Conference of Consulting Actuaries and the Society of Actuaries. In May 2013, Mr. Angelo wrote and presented a paper, “Understanding the Valuation of Public Pension Liabilities: Expected Cost versus Market Price,” for the American Enterprise Institute. That paper was updated and reprinted in the January 2016 issue of “In the Public Interest”, the newsletter of the Society’s Social Insurance & Public Finance Section. He has also authored papers on public pension funding in California’s Public Retirement Journal.

CCA Member Since 1985

Government DB/DC Taft-Hartley

Joint Program Committee for the Enrolled Actuaries Meeting
Representatives to the Joint Discipline Council

505 - Public Pension UAAL: A Closer Look 2019 Enrolled Actuaries Meeting (April 09, 2019)

205 - Impact of Proposed ASOP Changes on Public Plans 2019 Enrolled Actuaries Meeting (April 08, 2019)

207 - ASOPs 4, 27, and 35 2018 CCA Annual Meeting (October 22, 2018)

107 - Who Owns the GASB Assumptions? Actuaries Versus Accountants 2018 CCA Annual Meeting (October 22, 2018)

Market Value Liability Reporting 2018 Enrolled Actuaries Meeting (April 11, 2018)

Different Measures of Pension Liabilities Different Measures of Pension Liabilities Audio/Webcast (March 14, 2018)

Funding Policies – Standard Recommendations and Special Cases Funding Policies – Standard Recommendations and Special Cases Audio/Webcast (December 06, 2017)

Risk is the Word—Evaluating and Communicating Risk for Public Pension Plans 2017 CCA Annual Meeting (October 24, 2017)

UAAL: How Did We Get Here? 2017 CCA Annual Meeting (October 23, 2017)

Current Events in Public Plan Funding Policy 2017 Enrolled Actuaries Meeting (April 04, 2017)

Update on "MVL" Disclosures for Public Plans 2016 CCA Annual Meeting (October 26, 2016)

Public Plans - Legislative Update 2016 CCA Annual Meeting (October 24, 2016)

Actuarial Funding Policies and Practices for Public Pension Plans: What’s Behind the White Paper? Actuarial Funding Policies and Practices for Public Pension Plans: What’s Behind the White Paper? (April 13, 2016)

Ethics Situations that Public Plan Actuaries are Often Placed In 2016 Enrolled Actuaries Meeting (April 12, 2016)

The Public Sector’s Wish List for Pension Actuarial Disclosures 2016 Enrolled Actuaries Meeting (April 11, 2016)

Ethics in Action 2015 CCA Annual Meeting (October 28, 2015)

Current Events in Funding Policy 2015 CCA Annual Meeting (October 28, 2015)

Legal and Legislative Update for Public Pension Plans 2015 CCA Annual Meeting (October 26, 2015)

Into the Future – Selecting Investment Return Assumptions 2015 Enrolled Actuaries Meeting (April 14, 2015)

Derisking Public Pension Plans 2014 CCA Annual Meeting (October 22, 2014)

Finding Common Ground – Economists and Actuaries Look at Public Pension Plans 2014 CCA Annual Meeting (October 20, 2014)

Public Plan Funding Policies 2014 Enrolled Actuaries Meeting (March 24, 2014)

ASOPs 4, 6, and 27 (and 35) 2013 CCA Annual Meeting (October 22, 2013)

Inputs and Outputs: What Should We Be Smoothing Now? 2013 CCA Annual Meeting (October 21, 2013)

Public Plan Funding Policies in a Post-ARC World 2013 Enrolled Actuaries Meeting (April 08, 2013)

How Much is Enough? Public Plans Funding Policy in a Post-ARC World 2012 CCA Annual Meeting (October 22, 2012)

Code of Conduct for Public Sector Actuaries - "Law & Order: Public Plans Division" 2012 CCA Annual Meeting (October 22, 2012)

Life in a Glass House - Current Scrutiny of Public Plans 2012 CCA Annual Meeting (October 22, 2012)

GASB - Notes on the Lull Before the Storm GASB - Notes on the Lull Before the Storm (May 09, 2012)

Public Plans Update Public Plans Update (March 28, 2012)

Funding Policies After the ARC 2012 Enrolled Actuaries Meeting (March 27, 2012)

Long-Term Investment Return Assumptions -- What Makes Sense? 2012 Enrolled Actuaries Meeting (March 26, 2012)

GASB 25 and 27 – The Brave New World 2012 Enrolled Actuaries Meeting (March 26, 2012)

Pension Funding to Avoid Ruin 2012 Enrolled Actuaries Meeting (March 26, 2012)

Model Funding Policies for Public Sector Pension and OPEB Plans Model Funding Policies for Public Sector Pension and OPEB Plans (January 16, 2012)

GASB Preliminary Views Update 2011 CCA Annual Meeting (October 24, 2011)

Fact or Fiction – Are Public Retirement Systems Underreporting Trillions of Dollars of Pension Liabi 2011 CCA Annual Meeting (October 23, 2011)

GASB Update 2011 Enrolled Actuaries Meeting (March 30, 2011)

Funding Methods for Governmental Plans 2011 Enrolled Actuaries Meeting (March 29, 2011)

Public Plan Workshop #1: The Level Cost of Services Model 2010 CCA Annual Meeting (October 26, 2010)

GASB Preliminary Views - Advanced Topics GASB Preliminary Views - Advanced Topics (August 25, 2010)

Public Plans Seminar Public Plans Seminar (April 14, 2010)

Public Employee Retirement Systems Workshop 2010 Enrolled Actuaries Meeting (April 14, 2010)

GASB Update 2010 Enrolled Actuaries Meeting (April 13, 2010)

Current Issues in Public Plans 2010 Enrolled Actuaries Meeting (April 13, 2010)

Public Plan Issues - Update on GASB Project Public Plan Issues - Update on GASB Project (February 10, 2010)

Update on Asset Smoothing for Public Plans 2009 CCA Annual Meeting (November 04, 2009)

Return of the Workshop on Public Employee Retirement Systems (Part II) 2009 CCA Annual Meeting (November 03, 2009)

Workshop on Public Employee Retirement Systems (Part I) 2009 CCA Annual Meeting (November 03, 2009)

Public Plans Funding and Governance Public Plans Funding and Governance (April 08, 2009)

Public Plans Funding Seminar Public Plans Funding Seminar (April 01, 2009)

Public Employee Retirement Systems Workshop 2009 Enrolled Actuaries Meeting (March 31, 2009)

Public Plans Part 3: Funding and Disclosure 2008 Employee Benefits Spring Meeting (June 05, 2008)

Public Plans Part 2: Challenges and Criticisms 2008 Employee Benefits Spring Meeting (June 05, 2008)

Public Plans Part 1: Current State of the Public Retirement Sector 2008 Employee Benefits Spring Meeting (June 05, 2008)

Financial Economics and Public Pension Plans 2008 Enrolled Actuaries Meeting (April 07, 2008)

Disclaimer

The Conference of Consulting Actuaries (CCA) serves only as a clearinghouse for providing a list of its members and their specific areas of practice. The information appearing with each members name regarding their practice areas was furnished by the member and has not been independently verified in any way by the CCA. Neither the CCA nor its officers, members, or staff make any warranties or representations as to the professional competency of these individuals. Each person who is considering the use of the services of an actuary listed is advised to make an independent judgment regarding their choice of persons whose services they wish to utilize.