Gregory M. Stump, FSA

Vice President

Professional Certifications

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

Education

• B.S., Mathematics, Indiana University of Pennsylvania, Summa Cum Laude

• Post-graduate studies in instructional technology

Special Areas of Expertise

• Stochastic and Deterministic Forecasting and Projections
• Plan design cost and risk analysis, including development of client specific software regarding special benefit programs, such as early retirement windows

Speaking Engagements

• Pennsylvania Association of Public Employees Retirement Systems, Annual Conferences 2006, 2007
• Middle Atlantic Public Employees Retirement System, Annual Conferences 2006, 2007
• Ohio Public Pension Forum, Annual Conference 2007
• Actuaries Club of Philadelphia, 2007

Relevant Professional Experience

District of Columbia Retirement Board

• Annual actuarial valuations to determine required contributions to the Teachers and Fire/Police Plans
• Cost study and projections for the Police Officers’ Retirement System involving introduction of a new tier of benefits and combining of various provisions for existing tiers
• Testifying before City Council to explain calculations related to cost studies for Police and Fire members
• Development of cost impact of proposed legislation
• Work in conjunction with Federal government to reconcile data, benefit payments, and special situations involving split of liabilities between the District and the US Treasury Department

United States Federal Court System

• Annual valuations for each of four retirement plans covering judges and courts employees, wherein actuarial costs and liabilities are determined
• Forecasts showing projected costs over a five year period for each plan
• Special calculations involving receivable contributions for the Judicial Survivors’ Annuities System
• Cost and liability impact determinations involving potential opt-in and opt-out provisions for the Judicial Survivors’ Annuities System

California Public Employees’ Retirement System

• Actuarial audits of public agencies, including the review of all valuation results, selection of specific plans, and parallel valuations which are used to determine costs and liabilities independently for comparison with CalPERS results
• Actuarial audits of two California Judicial Retirement Systems and the Legislative Retirement System
• Actuarial audit of the Volunteer Firefighters Length of Service Award System as of June 30, 2004

Town of Vienna, Virginia

• Annual valuations for civilian and police plans, in which liabilities and recommended contributions are computed
• Individual benefit calculations regarding a one-time optional plan election which would allow participants to convert their accrued benefits to account balances
• Study of retirement rates and their potential cost impact for Police officers

San Juan Water District

• Initial valuation of retiree healthcare benefits (provided through CalPERS), and accompanying GASB 45 implementation
• Retiree healthcare plan deisgn and cost analysis
• Conducted deterministic and stochastic cost management and stability analysis involving analysis of various strategies to manage contributions over short and long-term time periods; this study took into account not only standard costs incurred by the plan, but the interplay with the risk pool, and related implications (special side funds, phase out of normal cost, benefit surcharges)
• Development of population and normal cost projection model

City of Ferguson, Missouri

• Annual actuarial valuations to determine required contributions

West Virginia Housing Development Fund

• Actuarial valuation of retiree healthcare benefits for GASB 45 implementation

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