Consultants & Actuaries

Rich is a Consultant in GRS’ Southfield, Michigan office. He has more than 15 years of professional experience, which includes over 10 years of actuarial and benefits consulting experience. Prior to becoming an actuary, Rich taught high school mathematics for 6 years.

Rich provides actuarial consulting to local government and statewide public employee retirement systems and OPEB plan sponsors in Michigan, Illinois, Virginia and Wisconsin. With respect to retirement systems, his experience covers traditional DB and hybrid plans, covering single-employer, agent-multiple employer, and multiple-employer cost-sharing funding structures.

For retirement systems, Rich’s primary responsibilities include preparing pension valuations, GASB 67/68 valuations and reporting, cash flow projections, contribution and funding level sensitivity analysis, cost analyses of proposed plan changes and experience studies. His expertise includes §415 and service purchase calculations. He has also worked on actuarial audits, both limited-scope reviews and full-replication audits.

Rich’s retiree healthcare work covers OPEB valautions, including the calculation of per capita costs, as well as GASB 74/75 valuations and reporting. He has also performed health care trend and sensitivity analysis.

Professional Designations

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

Presentations

Rich has presented at the annual conference for the Michigan Public Employer Labor Relations
Association (MPELRA), the winter conference for the Wisconsin Governmental Finance Officers Association (WGFOA) and the conference for the Michigan Association of Public Employees Retirement Systems (MAPERS).

Education

Bachelor of Arts, Secondary Education, Wayne State University
Master of Arts, Teaching, Saginaw Valley State University