This webcast will present how pensions affect public finance. The presenters will discuss public finance basics, the impact of recent GASB changes on balance sheets and disclosures, tax burdens, rating agencies, pension and OPEB obligation bonds, SEC disclosures, public relations and other issues.
The goal is to educate participants on the broad impact public pensions have on government finance.
Peter K. M. Chan
Morgan, Lewis & Bockius LLP
Peter Chan is a partner at Morgan Lewis & Bockius representing public companies, financial services firms, and other organizations in litigation, investigations, and regulatory actions by federal agencies. Chan has previously served as the former head of the SEC Chicago office’s municipal securities and public pensions unit and brings more than two decades of experience at the SEC to his practice.
John B. Filan
FTP Management Corp
John Filan is currently the president of FTP Management Corp., an investment management firm. Most recently, he was senior vice president of DSi Civic, a subsidiary of Development Specialists, Inc. (DSI), an international restructuring firm. He also served as the director of the governor’s office of management and budget and chief operating officer for the state of Illinois. Most of his career was as principal and then managing partner at FPTW, Ltd, an accounting and consulting firm, subsequently acquired by Crowe Horvath & Co. Filan’s early career was with IBM Corp. and PriceWaterhouseCoopers.
Filan has served as an adjunct professor or guest lecturer at the University of Illinois at Chicago, Illinois Institute of Technology, Northwestern University and University of Chicago. He has also served on the boards of the Chicago Board of Education, Civic Federation, Illinois Development Finance Authority, Citizens Council on Public Aid and the Center for Government Accounting and Research.
Todd Nathan Tauzer, FSA, CERA, MAAA
Director, Municipal Pensions
S&P Global Ratings
Todd Tauzer, FSA, CERA, MAAA, is a director of S&P global ratings for municipal pensions. He is currently helping develop a detailed framework to evaluate the sustainability and security of public pension and OPEB plans across the country. This involves establishing best practices for retirement benefits evaluation through risk identification and assessment, construction of mitigation techniques for distressed plans, enhanced criteria analysis and development for the ratings process, and augmented communication and outreach to all related stakeholders. Internally, he works with analysts to deepen their understanding of retirement benefits and consults on related high impact credits. Prior to S&P he was a senior pension actuary for CalPERS, where he led a team on modeling and evaluating ALM and other system risks.
James J. Rizzo, ASA, EA, FCA, MAAA
Senior Consultant & Actuary
Gabriel Roeder Smith & Co
James J. Rizzo, ASA, EA, FCA, MAAA, is a senior consultant and actuary in the Fort Lauderdale office of Gabriel, Roeder, Smith & Company (GRS)—a national firm specializing in actuarial and benefits consulting for the public sector. Rizzo has a national reputation as an expert in public sector retirement systems. He is an author, frequent speaker at national, state and local conferences, and serves on various committees within the actuarial and accounting professions. Rizzo has over 40 years of experience in virtually all aspects of pension, health and retiree medical plans. Actively working that long in the benefits field has given him deep exposure in: health benefits consulting and claims administration; investment consulting; defined contribution plan consulting and recordkeeping; private sector pension and retiree medical plans; and public sector pension and retiree medical plans, which he currently focuses on. Rizzo’s expertise extends beyond basic actuarial valuations and pension accounting to consulting, long-range planning, pension reform, risk management and actuarial implications of governance and investment decisions for state and local government retirement programs.