|
Karen’s area of expertise is in the public pension area. She has spent more than 35 years serving large and small public plans at the state and municipal levels. Karen oversees all types of consulting projects for her clients, including new benefit plan designs, experience studies, actuarial valuations, cost studies, asset/liability projection studies, and individual benefit calculations. She also assists clients in setting funding policy and drafting of legislation text. She has been part of an actuarial audit team that has performed more than 20 audits in recent years, including audits for some of the largest statewide public plans in the countryKaren is responsible for the management of all public plan clients serviced by the Seattle office and acts as mentor for several other Milliman offices on public plan issues. Karen has served as chairperson on Milliman’s Strategic Planning Group for public plans for several years and on Milliman’s Employee Benefits Steering Committee, which provides leadership to the consultants practicing in the employee benefits fieldKaren’s recent projects have include. Assisting a large municipal plan determine methods to compute and implement retroactive benefit adjustments for more than 30,000 retireesConsulting to a system that had issues regarding the reinstatement of employee contributions previously decreasedDeveloping new funding policies that address market volatility and contribution rates | 