Consultants and Actuaries

Craig Graby is a Senior Consultant associated with GRS’ Midwest Region and primarily serves clients in Pennsylvania and the Washington, DC area.  He has more than 30 years of actuarial and benefits consulting experience.  Craig specializes in public sector benefit plans sponsored by federal, state, and county governments.  He also has experience working with church plan clients. 

His areas of expertise with defined benefit plans includes funding, accounting (including cost-sharing multiple-employer plans under GASB), plan design, administration, and communications. Craig has significant experience providing actuarial valuations, experience studies, population and contribution projections, and cost analyses for plan design changes.  He has worked on clients of varying sizes and complexity, from local government pension plans to statewide retirement systems.

Craig’s pension expertise also includes helping clients navigate plan changes, including the transition from traditional defined benefit to hybrid plans that include both defined benefit and defined contribution components.  He also has broad experience with Pennsylvania county and state benefit calculations, including Domestic Relations Orders, return to service calculations (including subsequent retirements), and variety of other specialized calculations.

Professional Designations

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

Presentations

Craig has served as a speaker for conferences held by the Pennsylvania Association of Public Employee Retirement Systems (PAPERS) and the Pennsylvania State Association of County Controllers (PSACC).  Examples of recent speaking experience include:

• PAPERS (2025), Current Trends in Pension Assumptions: Insights from the Experts
• PSACC (2025), Retirement Plan Update

Education

Bachelor of Science, Mathematics with a concentration in Actuarial Science, the Pennsylvania State University