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Home Retirement Calculators Transamerica Plan Actuary Account Access - PENCO Summary Plan Description FAQ's & Tips Plan Investment Options Forms 401k Presentation Glossary
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Actuary John S. Agatston, CFA, is a Fellow of the Society of Actuaries, an Enrolled Actuary and a Member of the American Academy of Actuaries and the American Society of Pension Actuaries. John is also a Chartered Financial Analyst. He has also previously been a Certified Public Accountant in New York State. A graduate from Carnegie-Mellon University, John first worked as an actuary for Peat, Marwick, Mitchell & Co. in New York City. As a senior consultant at PMM & Co., he audited the five retirement systems and developed the pension accounting procedures where PMM & Co. performed the first outside audit of the City of New York. Prior to forming his own company, John S. Agatston Actuarial Services, John was a Vice-President for Halliwell & Associates, Inc. and Chief Actuary & Senior Consultant for Johnson & Higgins, both in Pittsburgh. In 1981, John testified at the hearing on pension expense before the Financial Accounting Standards Board (FASB). At the request of the Chairman of the FASB he wrote the paper titled "The Effect of Plan Design and Actuarial Methods and Assumptions on Pension Costs and Liabilities." Several concepts from this paper were incorporated into the Statement of Financial Accounting Standards No. 87 (SFAS 87). John served on the three member committee that developed the actuarial related regulations for PA Act 205 (The rules for funding of Municipal plans in PA). Additionally, John served as a consulting actuary both to the City of Pittsburgh, PA and the West Virginia State Teachers’ Retirement System. Over the years, John has lectured and written on a variety of topics in the pension and actuarial fields including a Society of Actuaries Meeting, an Enrolled Actuaries Meeting, and a Meeting of the American Institute of Corporate Asset Managers. John had served as in the past for many years as President of the Pittsburgh Actuarial Club. Additional topics that John has either lectured or written on include: pension plan design; pension plan administration; 5500 forms; accounting for pensions (SFAS 87/88); accounting for post retirement medical costs (SFAS 106); pension plan distributions; public pension plans; multi-employer pension plans; mergers and acquisitions and Social Security. John’s paper on a solution the Social Security crisis titled "A Promising Future: A Proposal For Avoiding The Coming Crisis In Social Security" written in 1988 foresaw many concerns and possible remedies that have only began to be discussed in the public arena in recent years. Pension Specialist Mark L. Shaffer, CPP, entered the financial services industry as a life insurance agent with the Equitable Life Assurance Society in 1979 upon completing studies in finance at Robert Morris College in Pittsburgh, Pennsylvania. His background consists of 21 years of financial marketing experience. He is a principal of several financial marketing organizations operating throughout the U.S. He has held several field and home office positions throughout his career. Licensed in thirty-four states Mr. Shaffer, a Certified Pension Planner, works primarily as a pension specialist. Mr. Shaffer devotes time speaking to industry and trade groups across the nation. Many of his articles addressing employee benefits and retirement planning issues have been published in the industry's trade publications across the country. He is in the process of authoring a book on Small Business Pension Design Strategies. Professional memberships include the National Institute of Certified Pension Planners, the National Association of Life Underwriters, the National Association of Health Underwriters, and the Financial Planning Association, where he serves on the Retirement Planning Conference Committee, as well as the StrongLand Chamber of Commerce (serving on the Education Committee), the Kiski Valley YMCA Capital Campaign Committee, and the Pennsylvania School Boards Association. Beyond career responsibilities Mr. Shaffer is active in community affairs. He was elected as a School Director to the Apollo-Ridge School Board in 1987, serving as President from 1992 to 1995. Reelected to four-year terms in 1991, 1995 and 1999, he is serving his fourth term as a Pennsylvania school director. Mr. Shaffer is president of the Pennsylvania Health Underwriters Association, past president of the Pittsburgh Health Underwriters Association, and is a past Chairman the board of the Armstrong County Drug & Alcohol Commission. Currently, Mr. Shaffer serves as chairman of the board of directors of the Apollo Area Economic Development Council and the Apollo Borough Municipal Parking Authority. He was recently elected as a director to the board of American Management Technologies, Inc., a privately held professional employer organization in Roanoke, Virginia. You may contact Mr. Shaffer at his office in Pittsburgh at 724.478.2411, or Fax 724.478.1688, or E-mail: mshaffer@benefitplans.com or visit the company's web site at www.benefitplans.com. |
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