When I’m asked what I do for a living, I tell people I’m a pension actuary. I explain that I work on defined benefit pension plans for employers, calculating the employers’ contribution obligations and calculating benefits for plan participants. I don’t usually tell people my professional designations but I am a Fellow of the Society of Actuaries, an Enrolled Actuary and a Member of the American Academy of Actuaries.
The Academy put together a nice short video explaining a little bit more about what we pension actuaries do. Check it out to learn how pension actuaries make a difference to the retirement security of millions of Americans.