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California Actuarial Advisory Panel Members

Alan W. Milligan (CAAP Chair)
Chief Actuary, Actuarial Office, CalPERS

Alan Milligan of Sacramento was appointed to the Panel by the Board of Administration of the California Public Employees’ Retirement System. He was recently named as Chief Actuary of CalPERS and previously served as Deputy Chief Actuary.  He develops and implements actuarial policies and independently provides advice to the Board of Administration. Prior to joining CalPERS, Milligan served as consulting actuary for the Canadian firm of Leong & Associates Actuaries and Consultants, Inc.  He is a Fellow of the Society of Actuaries, a Fellow of the Canadian Institute of Actuaries, a member of the American Academy of Actuaries and a Fellow of the Conference of Consulting Actuaries.

Paul Angelo (CAAP Vice Chair)
Senior Vice President & Actuary, The Segal Company

Paul Angelo of San Francisco was appointed to the Panel by the University of California Board of Regents.  Angelo is Senior Vice President and Actuary for The Segal Company. He joined the company’s San Francisco office in 1998 as a Vice President and Actuary and became Senior Vice President in 2006.  Angelo currently serves as valuation actuary for fourteen major California county and city retirement systems and associations, as well as the University of California Retirement Systems.  In 2007 he served as a staff consulting actuary to the California Public Employee Post-Employment Benefits Commission.  

Angelo is a member of the American Academy of Actuaries Pension Committee and has served as chair of its Public Plans Subcommittee. He is also chair of the Public Plans Committee of the Conference of Consulting Actuaries. 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 Enrolled Actuary.

John E. Bartel
President, Bartel Associates

John Bartel of Foster City was appointed to the Panel by Governor Schwarzenegger.  Since 2003, he has served as president of Bartel Associates. Previously, Bartel was vice president for Aon Consulting from 1998 to 2004, senior manager for KPMG Peat Marwick from 1990 to 1998, managing consultant for Foster Higgins from 1986 to 1990 and actuary for Actuarial Consultants in 1985.  Bartel also served as a consultant for Towers Perrin from 1977 to 1985 and as an actuarial assistant for Pacific Mutual Life Insurance Company from 1972 to 1977.  He is an Associate of the Society of Actuaries, a member of the American Academy of Actuaries and a Fellow in the Conference of Consulting Actuaries.

Leslie Finertie
Senior Actuary, MyVal Center

Leslie Finertie of Orinda was appointed to the Panel by the Speaker of the Assembly, John Perez.  Prior to consulting part-time with MyVal Center, she was a principal of Towers Perrin where she managed the San Francisco, Seattle and Denver retirement units and consulted with private and public sector clients, including Employees Retirement System of Texas, City and County of San Francisco, City of San Diego (OPEB), and City of Sacramento.  Prior to moving to the Bay Area, she was in Towers Perrin’s San Antonio, TX office from 1985 through 1998.  She started her consulting career in 1979 with Hewitt Associates in NYC and Minneapolis.  Finertie 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 Enrolled Actuary.

Harold A. Loeb
Principal and Consulting Actuary, Buck Consultants

Harold Loeb of Los Angeles was appointed to the Panel by the Senate Rules Committee. He is a Principal and Consulting Actuary and leads the Retirement line of business in the Los Angeles office of Buck Consultants. He joined the firm in 1992 after serving as senior vice president and manager of the Los Angeles office of Hay/Huggins Company. He also served as an actuary at the Wyatt Company and R. Watson & Sons (London). Loeb’s clients include the City of Albany, City of San Diego, Contra Costa County, Contra Costa Water District, County of Los Angeles and Sacramento Municipal Utility District. Loeb is an Associate of the Society of Actuaries, a member of the American Academy of Actuaries, Fellow of the Conference of Consulting Actuaries, past president of the Los Angeles Chapter of the Western Pension & Benefits Conference and an Enrolled Actuary. 

Lynn Clyde Miller
Retired Actuary

Lynn Miller of Poway was appointed to the Panel by Governor Schwarzenegger.  Prior to his retirement, Miller served Pacific Life Insurance Company as executive vice president and head of the Life Division from 1993 to 2002 and chief actuary of the Life Insurance Division from 1986 to 1993.  Previously, Miller was senior vice president and actuary for E.F. Hutton Life Insurance Company from 1978 to 1986.  He also served as actuary for Family Life Insurance Company and Ideal National Life Insurance Company.  He was assistant actuary for Surety Life Insurance Company.  Miller serves on the Chamberlain Group’s Board of Directors and is a member of the Society of Actuaries and American Academy of Actuaries.

Rick Reed
System Actuary, CalSTRS

Rick Reed of Sacramento was appointed to the Panel by the California State Teachers’ Retirement Board. He serves as Chief Actuary for that organization where he collaborates with numerous constituents, consultants, advocacy and governmental organizations to facilitate critical discussions regarding CalSTRS priorities. He previously served as a Senior Pension Actuary at the California Public Employees’ Retirement System and consultant with Milliman, Inc. Reed is an Associate of the Society of Actuaries, a member of the American Academy of Actuaries, a Fellow of the Conference and Consulting Actuaries and an Enrolled Actuary.

Graham Schmidt
Senior Vice President, EFI Actuaries

Graham Schmidt of San Francisco was appointed to the Panel by the State Association of County Retirement Systems. Graham is Senior Vice President for EFI Actuaries, and opened EFI’s Bay Area office in 2008. He serves as the consulting actuary to numerous County retirement systems, transit districts and public agencies.

Mr. Schmidt is a member of the Academy of Actuaries Public Plan Subcommittee and the Conference of Consulting Actuaries Public Plans Committee. He also serves on the Society’s Retirement Plans Experience Committee (RPEC), which develops US mortality tables. He is an Associate of the Society of Actuaries, a member of the American Academy of Actuaries and a Fellow in the Conference of Consulting Actuaries.