Candidate Information: Robert J. Rietz
Candidate for Regular Director Term Ending in 2019
Name: Robert J. Rietz
Practice Area: Pension
Employer: Retired
City, State: Asheville, NC
Credentials: MAAA, FCA
Candidate Biographical Sketch
Career Accomplishments
| 1967 | National Merit Scholar (State of Illinois) |
| 1970-1975 | Joined the Lincoln National Life Insurance Company. Fort Wayne, Indiana |
| 1970 | BSc in Mathematics (with high honors) from Michigan State University and Honors College |
| 1975-1999 | Joined The Wyatt Company (now Willis Towers Watson), Detroit, Michigan |
| 1995-2001 | Appointed (and re-appointed in 1998) by Governor John Engler as the Public Representative on the Board of the Michigan Public School Employees Retirement System (MPSERS) - about 450,000 participants and over $40B in assets |
| 1995-2003 | Member of Board of Conference of Consulting Actuaries |
| 1998 | Awarded the John Hanson Prize for the Best Paper on Employees Benefits, “Early Retirement Subsidies; A Plan Design Whose Time Has Passed?” |
| 1999-2001 | Joined Blue Cross Blue Shield of Michigan as General Director of Rewards. Detroit, Michigan |
| 2000-2001 | President of the Conference of Consulting Actuaries |
| 2000-2004 | Member of the Board of the American Academy of Actuaries |
| 2001 | Joined Deloitte Consulting LLP as Director; retired in 2010 |
| 2002-2004 | Vice President of Professionalism of the American Academy of Actuaries |
| 2005-2008 | Chief Pension Actuary for Deloitte Consulting LLP |
| 2009-2014 | Member of the Actuarial Board for Counseling and Discipline; last two years as Chair |
| 2010 | Department editor/columnist of Contingencies, the magazine of the actuarial profession |
| 2011 | Lifetime Achievement Award of the Conference of Consulting Actuaries |
| 2014- | Appointed by Governor Rick Snyder as a Member of the Investment Committee of the Detroit General Employees Retirement System (ongoing) |
- Frequent speaker at annual meetings of the Conference of Consulting Actuaries, the American Academy of Actuaries, and Enrolled Actuaries
- 2004-2009 United Way De Tocqueville donor
The Academy's mission is to serve the public and the U.S. actuarial profession. My service on the Board will allow me to:
Actuaries must be heard on public policy issues, so that legislative and regulatory decisions are influenced by facts and objective analysis. The Academy is the only U. S. actuarial organization committed to serving the public on behalf of the US actuarial profession. I will work to continue the Academy’s objectivity on public policy issues, particularly public pension plans and Social Security. Americans rely on these financial security systems and others, and I will use my time on the board to contribute to the Academy’s professionalism work to ensure the work of its members meets high standards of competence and integrity. It would be an honor to serve on the Academy’s Board of Directors, and I will strive to uphold its reputation and the reputation of the actuarial profession.Academy Service
- Academy Board Service: Vice President, Professionalism 2002-2004, special director, 1999-2001
- Chair of the ABCD 2014-2015, Vice Chair 2011-2013, member, 2009-2010
- Member of the Council on Professionalism, 2009-2012 and 2004-2006
- Member of the Conflict of Interest Task Force, 2010-2011
- Member of the IAA Oversight Committee, 2004-2006
- Member of the Pension Accounting Committee, 2004-2005
- Member of the Council on Professionalism, 2009-2012
- Member of the Professional Liability Prevention Task Force, 2002-2004
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