Todd is a Senior Vice President and Actuary in Segal's San Francisco office, specializing in public pension funding, risk management and plan sustainability. He works with the Public Employees’ Retirement System for the State of Nevada, along with major city and county retirement systems throughout the state of California. Todd is Segal’s National Public Sector Retirement Practice Leader and a member of Segal’s Public Sector Leadership Group.
Todd came to Segal as Director of Municipal Pensions from S&P Global Ratings, where he helped develop a detailed framework to evaluate the sustainability and security of public pension and OPEB plans across the country. He expanded S&P Global Ratings’ communication and outreach to key stakeholders of public sector plans, including elected officials, legislative committees and state and local government finance teams, and trained over 100 public finance analysts in understanding key pension mechanics and risks.
Prior to S&P, Todd was a senior pension actuary for CalPERS. At CalPERS, he was heavily involved in the Enterprise Risk Management and Asset Liability Management space, working in tangent with the Financial and Investment Offices to model and evaluate risks and develop industry leading practices to achieve long-term system sustainability and risk mitigation. He led the development of a system risk-mitigation policy that earned the 2016 Award for Excellence in Government Finance from the Government Finance Officers Association (GFOA). He also conducted analysis on California legislative pension bills and was the signing actuary for over 350 annual public pension valuations.
Todd was a Regents Scholar at the University of California, Davis, where he earned his BS in Mathematics, BA in Economics and his minor in Chinese. A portion of his undergraduate work was completed at Beijing Normal University (北师大) in China’s capital. He is a Fellow of the Society of Actuaries (SOA)with a specialty in Enterprise Risk Management, a Chartered Enterprise Risk Analyst, a Fellow of the Conference of Consulting Actuaries (CCA) and a Member of the American Academy of Actuaries. He serves as Chair of the Academy’s Public Plans Committee, is the immediate past Chair of the SOA’s Retirement Section Council and is on the CCA’s Annual Planning Committee. Todd was also nominated to join the Government Finance Officers Association’s Committee on Retirement and Benefits Administration (GFOA CORBA) as the pension subject matter expert.
Todd was recognized by the CCA as the 2022 Most Valuable Volunteer, in recognition of his volunteer contributions to the CCA or the actuarial consulting profession during the past 12 to 24 months. He also received the inaugural 2022 Rising Actuary Award from the Academy, recognizing him as a young leader who’s on the way up in the profession.
Todd actively promotes education, transparency and best practices for pensions within California, serving on both the Board of the California Society of Municipal Analysts as its pension expert and program chair and the University of the Pacific’s Advisory Board for its Actuarial Science program. Finally, he is active in leadership within the State of California, serving on both the California Actuarial Advisory Panel as the Assembly Speaker’s representative and as a member of the California State Auditor’s High Risk Advisory Team for Local Governments.
Todd is an active speaker and author on public pension plans. He has been a frequent speaker at credit forums, investor roundtables and public finance industry events, including those sponsored by the Brookings Institute, the California Society of Municipal Analysts, the National Federation of Municipal Analysts, the Society of Municipal Analysts, the National Conference of State Legislators and the GFOA. He co-authored “Examining the Experiences of Public Pension Plans Since the Great Recession” for the National Institution on Retirement Security. In addition to serving as S&P’s spokesperson on the credit impacts of current pension trends, risk factors and regional challenges, he wrote numerous national publications and recorded a regular podcast called “Todd Talks” and has been quoted by the Wall Street Journal, Bloomberg, The Economist, Pensions & Investments, Investments & Pensions Europe, Chief Investment Officer and The Bond Buyer, among others. He also is a recurring speaker at actuarial conferences and webinars.
February 23, 2021
Our analysis examines the appeal and risks of using pension obligation bonds to help fund public sector plans.
Topics covered: Retirement, Public Sector
Todd is a Senior Vice President and Actuary in Segal's San Francisco office, specializing in public pension funding, risk management and plan sustainability. He works with the Public Employees’ Retirement System for the State of Nevada, along with major city and county retirement systems throughout the state of California. Todd is Segal’s National Public Sector Retirement Practice Leader and a member of Segal’s Public Sector Leadership Group.
Todd came to Segal as Director of Municipal Pensions from S&P Global Ratings, where he helped develop a detailed framework to evaluate the sustainability and security of public pension and OPEB plans across the country. He expanded S&P Global Ratings’ communication and outreach to key stakeholders of public sector plans, including elected officials, legislative committees and state and local government finance teams, and trained over 100 public finance analysts in understanding key pension mechanics and risks.
Prior to S&P, Todd was a senior pension actuary for CalPERS. At CalPERS, he was heavily involved in the Enterprise Risk Management and Asset Liability Management space, working in tangent with the Financial and Investment Offices to model and evaluate risks and develop industry leading practices to achieve long-term system sustainability and risk mitigation. He led the development of a system risk-mitigation policy that earned the 2016 Award for Excellence in Government Finance from the Government Finance Officers Association (GFOA). He also conducted analysis on California legislative pension bills and was the signing actuary for over 350 annual public pension valuations.
Todd was a Regents Scholar at the University of California, Davis, where he earned his BS in Mathematics, BA in Economics and his minor in Chinese. A portion of his undergraduate work was completed at Beijing Normal University (北师大) in China’s capital. He is a Fellow of the Society of Actuaries (SOA)with a specialty in Enterprise Risk Management, a Chartered Enterprise Risk Analyst, a Fellow of the Conference of Consulting Actuaries (CCA) and a Member of the American Academy of Actuaries. He serves as Chair of the Academy’s Public Plans Committee, is the immediate past Chair of the SOA’s Retirement Section Council and is on the CCA’s Annual Planning Committee. Todd was also nominated to join the Government Finance Officers Association’s Committee on Retirement and Benefits Administration (GFOA CORBA) as the pension subject matter expert.
Todd was recognized by the CCA as the 2022 Most Valuable Volunteer, in recognition of his volunteer contributions to the CCA or the actuarial consulting profession during the past 12 to 24 months. He also received the inaugural 2022 Rising Actuary Award from the Academy, recognizing him as a young leader who’s on the way up in the profession.
Todd actively promotes education, transparency and best practices for pensions within California, serving on both the Board of the California Society of Municipal Analysts as its pension expert and program chair and the University of the Pacific’s Advisory Board for its Actuarial Science program. Finally, he is active in leadership within the State of California, serving on both the California Actuarial Advisory Panel as the Assembly Speaker’s representative and as a member of the California State Auditor’s High Risk Advisory Team for Local Governments.
Todd is an active speaker and author on public pension plans. He has been a frequent speaker at credit forums, investor roundtables and public finance industry events, including those sponsored by the Brookings Institute, the California Society of Municipal Analysts, the National Federation of Municipal Analysts, the Society of Municipal Analysts, the National Conference of State Legislators and the GFOA. He co-authored “Examining the Experiences of Public Pension Plans Since the Great Recession” for the National Institution on Retirement Security. In addition to serving as S&P’s spokesperson on the credit impacts of current pension trends, risk factors and regional challenges, he wrote numerous national publications and recorded a regular podcast called “Todd Talks” and has been quoted by the Wall Street Journal, Bloomberg, The Economist, Pensions & Investments, Investments & Pensions Europe, Chief Investment Officer and The Bond Buyer, among others. He also is a recurring speaker at actuarial conferences and webinars.
February 23, 2021
Our analysis examines the appeal and risks of using pension obligation bonds to help fund public sector plans.
Topics covered: Retirement, Public Sector
Todd is a Senior Vice President and Actuary in Segal's San Francisco office, specializing in public pension funding, risk management and plan sustainability. He works with the Public Employees’ Retirement System for the State of Nevada, along with major city and county retirement systems throughout the state of California. Todd is Segal’s National Public Sector Retirement Practice Leader and a member of Segal’s Public Sector Leadership Group.
Todd came to Segal as Director of Municipal Pensions from S&P Global Ratings, where he helped develop a detailed framework to evaluate the sustainability and security of public pension and OPEB plans across the country. He expanded S&P Global Ratings’ communication and outreach to key stakeholders of public sector plans, including elected officials, legislative committees and state and local government finance teams, and trained over 100 public finance analysts in understanding key pension mechanics and risks.
Prior to S&P, Todd was a senior pension actuary for CalPERS. At CalPERS, he was heavily involved in the Enterprise Risk Management and Asset Liability Management space, working in tangent with the Financial and Investment Offices to model and evaluate risks and develop industry leading practices to achieve long-term system sustainability and risk mitigation. He led the development of a system risk-mitigation policy that earned the 2016 Award for Excellence in Government Finance from the Government Finance Officers Association (GFOA). He also conducted analysis on California legislative pension bills and was the signing actuary for over 350 annual public pension valuations.
Todd was a Regents Scholar at the University of California, Davis, where he earned his BS in Mathematics, BA in Economics and his minor in Chinese. A portion of his undergraduate work was completed at Beijing Normal University (北师大) in China’s capital. He is a Fellow of the Society of Actuaries (SOA)with a specialty in Enterprise Risk Management, a Chartered Enterprise Risk Analyst, a Fellow of the Conference of Consulting Actuaries (CCA) and a Member of the American Academy of Actuaries. He serves as Chair of the Academy’s Public Plans Committee, is the immediate past Chair of the SOA’s Retirement Section Council and is on the CCA’s Annual Planning Committee. Todd was also nominated to join the Government Finance Officers Association’s Committee on Retirement and Benefits Administration (GFOA CORBA) as the pension subject matter expert.
Todd was recognized by the CCA as the 2022 Most Valuable Volunteer, in recognition of his volunteer contributions to the CCA or the actuarial consulting profession during the past 12 to 24 months. He also received the inaugural 2022 Rising Actuary Award from the Academy, recognizing him as a young leader who’s on the way up in the profession.
Todd actively promotes education, transparency and best practices for pensions within California, serving on both the Board of the California Society of Municipal Analysts as its pension expert and program chair and the University of the Pacific’s Advisory Board for its Actuarial Science program. Finally, he is active in leadership within the State of California, serving on both the California Actuarial Advisory Panel as the Assembly Speaker’s representative and as a member of the California State Auditor’s High Risk Advisory Team for Local Governments.
Todd is an active speaker and author on public pension plans. He has been a frequent speaker at credit forums, investor roundtables and public finance industry events, including those sponsored by the Brookings Institute, the California Society of Municipal Analysts, the National Federation of Municipal Analysts, the Society of Municipal Analysts, the National Conference of State Legislators and the GFOA. He co-authored “Examining the Experiences of Public Pension Plans Since the Great Recession” for the National Institution on Retirement Security. In addition to serving as S&P’s spokesperson on the credit impacts of current pension trends, risk factors and regional challenges, he wrote numerous national publications and recorded a regular podcast called “Todd Talks” and has been quoted by the Wall Street Journal, Bloomberg, The Economist, Pensions & Investments, Investments & Pensions Europe, Chief Investment Officer and The Bond Buyer, among others. He also is a recurring speaker at actuarial conferences and webinars.
February 23, 2021
Our analysis examines the appeal and risks of using pension obligation bonds to help fund public sector plans.
Topics covered: Retirement, Public Sector
Todd is a Senior Vice President and Actuary in Segal's San Francisco office, specializing in public pension funding, risk management and plan sustainability. He works with the Public Employees’ Retirement System for the State of Nevada, along with major city and county retirement systems throughout the state of California. Todd is Segal’s National Public Sector Retirement Practice Leader and a member of Segal’s Public Sector Leadership Group.
Todd came to Segal as Director of Municipal Pensions from S&P Global Ratings, where he helped develop a detailed framework to evaluate the sustainability and security of public pension and OPEB plans across the country. He expanded S&P Global Ratings’ communication and outreach to key stakeholders of public sector plans, including elected officials, legislative committees and state and local government finance teams, and trained over 100 public finance analysts in understanding key pension mechanics and risks.
Prior to S&P, Todd was a senior pension actuary for CalPERS. At CalPERS, he was heavily involved in the Enterprise Risk Management and Asset Liability Management space, working in tangent with the Financial and Investment Offices to model and evaluate risks and develop industry leading practices to achieve long-term system sustainability and risk mitigation. He led the development of a system risk-mitigation policy that earned the 2016 Award for Excellence in Government Finance from the Government Finance Officers Association (GFOA). He also conducted analysis on California legislative pension bills and was the signing actuary for over 350 annual public pension valuations.
Todd was a Regents Scholar at the University of California, Davis, where he earned his BS in Mathematics, BA in Economics and his minor in Chinese. A portion of his undergraduate work was completed at Beijing Normal University (北师大) in China’s capital. He is a Fellow of the Society of Actuaries (SOA)with a specialty in Enterprise Risk Management, a Chartered Enterprise Risk Analyst, a Fellow of the Conference of Consulting Actuaries (CCA) and a Member of the American Academy of Actuaries. He serves as Chair of the Academy’s Public Plans Committee, is the immediate past Chair of the SOA’s Retirement Section Council and is on the CCA’s Annual Planning Committee. Todd was also nominated to join the Government Finance Officers Association’s Committee on Retirement and Benefits Administration (GFOA CORBA) as the pension subject matter expert.
Todd was recognized by the CCA as the 2022 Most Valuable Volunteer, in recognition of his volunteer contributions to the CCA or the actuarial consulting profession during the past 12 to 24 months. He also received the inaugural 2022 Rising Actuary Award from the Academy, recognizing him as a young leader who’s on the way up in the profession.
Todd actively promotes education, transparency and best practices for pensions within California, serving on both the Board of the California Society of Municipal Analysts as its pension expert and program chair and the University of the Pacific’s Advisory Board for its Actuarial Science program. Finally, he is active in leadership within the State of California, serving on both the California Actuarial Advisory Panel as the Assembly Speaker’s representative and as a member of the California State Auditor’s High Risk Advisory Team for Local Governments.
Todd is an active speaker and author on public pension plans. He has been a frequent speaker at credit forums, investor roundtables and public finance industry events, including those sponsored by the Brookings Institute, the California Society of Municipal Analysts, the National Federation of Municipal Analysts, the Society of Municipal Analysts, the National Conference of State Legislators and the GFOA. He co-authored “Examining the Experiences of Public Pension Plans Since the Great Recession” for the National Institution on Retirement Security. In addition to serving as S&P’s spokesperson on the credit impacts of current pension trends, risk factors and regional challenges, he wrote numerous national publications and recorded a regular podcast called “Todd Talks” and has been quoted by the Wall Street Journal, Bloomberg, The Economist, Pensions & Investments, Investments & Pensions Europe, Chief Investment Officer and The Bond Buyer, among others. He also is a recurring speaker at actuarial conferences and webinars.
February 23, 2021
Our analysis examines the appeal and risks of using pension obligation bonds to help fund public sector plans.
Topics covered: Retirement, Public Sector
Todd is a Senior Vice President and Actuary in Segal's San Francisco office, specializing in public pension funding, risk management and plan sustainability. He works with the Public Employees’ Retirement System for the State of Nevada, along with major city and county retirement systems throughout the state of California. Todd is Segal’s National Public Sector Retirement Practice Leader and a member of Segal’s Public Sector Leadership Group.
Todd came to Segal as Director of Municipal Pensions from S&P Global Ratings, where he helped develop a detailed framework to evaluate the sustainability and security of public pension and OPEB plans across the country. He expanded S&P Global Ratings’ communication and outreach to key stakeholders of public sector plans, including elected officials, legislative committees and state and local government finance teams, and trained over 100 public finance analysts in understanding key pension mechanics and risks.
Prior to S&P, Todd was a senior pension actuary for CalPERS. At CalPERS, he was heavily involved in the Enterprise Risk Management and Asset Liability Management space, working in tangent with the Financial and Investment Offices to model and evaluate risks and develop industry leading practices to achieve long-term system sustainability and risk mitigation. He led the development of a system risk-mitigation policy that earned the 2016 Award for Excellence in Government Finance from the Government Finance Officers Association (GFOA). He also conducted analysis on California legislative pension bills and was the signing actuary for over 350 annual public pension valuations.
Todd was a Regents Scholar at the University of California, Davis, where he earned his BS in Mathematics, BA in Economics and his minor in Chinese. A portion of his undergraduate work was completed at Beijing Normal University (北师大) in China’s capital. He is a Fellow of the Society of Actuaries (SOA)with a specialty in Enterprise Risk Management, a Chartered Enterprise Risk Analyst, a Fellow of the Conference of Consulting Actuaries (CCA) and a Member of the American Academy of Actuaries. He serves as Chair of the Academy’s Public Plans Committee, is the immediate past Chair of the SOA’s Retirement Section Council and is on the CCA’s Annual Planning Committee. Todd was also nominated to join the Government Finance Officers Association’s Committee on Retirement and Benefits Administration (GFOA CORBA) as the pension subject matter expert.
Todd was recognized by the CCA as the 2022 Most Valuable Volunteer, in recognition of his volunteer contributions to the CCA or the actuarial consulting profession during the past 12 to 24 months. He also received the inaugural 2022 Rising Actuary Award from the Academy, recognizing him as a young leader who’s on the way up in the profession.
Todd actively promotes education, transparency and best practices for pensions within California, serving on both the Board of the California Society of Municipal Analysts as its pension expert and program chair and the University of the Pacific’s Advisory Board for its Actuarial Science program. Finally, he is active in leadership within the State of California, serving on both the California Actuarial Advisory Panel as the Assembly Speaker’s representative and as a member of the California State Auditor’s High Risk Advisory Team for Local Governments.
Todd is an active speaker and author on public pension plans. He has been a frequent speaker at credit forums, investor roundtables and public finance industry events, including those sponsored by the Brookings Institute, the California Society of Municipal Analysts, the National Federation of Municipal Analysts, the Society of Municipal Analysts, the National Conference of State Legislators and the GFOA. He co-authored “Examining the Experiences of Public Pension Plans Since the Great Recession” for the National Institution on Retirement Security. In addition to serving as S&P’s spokesperson on the credit impacts of current pension trends, risk factors and regional challenges, he wrote numerous national publications and recorded a regular podcast called “Todd Talks” and has been quoted by the Wall Street Journal, Bloomberg, The Economist, Pensions & Investments, Investments & Pensions Europe, Chief Investment Officer and The Bond Buyer, among others. He also is a recurring speaker at actuarial conferences and webinars.
February 23, 2021
Our analysis examines the appeal and risks of using pension obligation bonds to help fund public sector plans.
Topics covered: Retirement, Public Sector
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