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Tuesday, September 1, 2026
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How Actuarial Assumptions Affect a Valuation of a Public Pension Plan

Start Date: 9/1/2026 3:00 PM EDT
End Date: 9/1/2026 4:00 PM EDT


Organization Name: P2F2

Contact:
Patti Gazda
Email: information@p2f2.org
Phone: (614) 225-0942

This session explores the critical role actuarial assumptions play in determining the financial health and sustainability of public pension plans. Participants will gain an understanding of how factors such as mortality rates, investment returns, salary growth, and retirement age directly influence the valuation process and funding requirements. The session will also discuss the implications of inaccurate or outdated assumptions and provide strategies for evaluating and updating assumptions to ensure reliable valuations.

The webinar is free for members and $50 for nonmembers.  Those who attend at least 50 minutes of the webinar and respond to at least 3 of the 4 polling questions will earn 1 CPE credit.  

After attending the webinar, you will be able to: 
  • Learn the key actuarial assumptions used in the valuation of public pension plans
  • Understand how changes in actuarial assumptions impact the funding status and contribution requirements of a pension plan
  • Learn the best practices for reviewing, updating, and validating actuarial assumptions to support accurate pension plan valuations 

Speaker Bios

Brent Banister, PhD, FSA, EA, FCA, MAAA - CavMac




Brent Banister is the Chief Actuary at CavMac.  He has over 30 years of public sector actuarial and consulting experience providing services to all types of public clients.  Brent serves as lead consulting actuary for many State and Municipal level pension plans in the Midwest and other parts of the country.  As Chief Actuary of CavMac, Brent acts as the day-to-day actuarial resource for the firm.  He is also responsible for the actuarial training of junior staff.

Professional Organizations
  • Committee member for many actuarial organizations such as Society of Actuaries, American Academy of Actuaries and Conference of Consulting Actuaries
  • Joint committee member for the three major actuarial organizations which produced the LDROM Toolkit.
  • Frequent speaker at conferences for national and local organizations serving public plans in the United States, including NCTR, P2F2, and Oklahoma Public Fund Trustee Conference
Education
  • PhD in Mathematics from Washington State University
  • B.S. in Mathematics from Washington State University
Professional Designations & Memberships
  • Fellow of the Society of Actuaries
  • Enrolled Actuary under ERISA
  • Fellow of the Conference of Consulting Actuaries
  • Member of the American Academy of Actuaries

CPE Credit

P2F2 is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors.  For more information please visit www.nasba.org.  The webinar will be presented online in a Group Internet-based format.  This webinar is considered an update knowledge level.  There are no prerequisites and no advance preparation is required.  In keeping with NASBA requirements, P2F2 tracks attendance for CPE credit.  Attendees may earn 1 CPE credit in Business Management & Organization as long as they are logged in for at least 50 minutes and respond to at least 3 of the 4 polling questions spread throughout the webinar.  State Boards of Accountancy have final authority on the acceptance of individual courses for CPE credit.

 

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P2F2

The Public Pension Financial Forum is organized for education, pension advocacy and networking purposes. To support the ongoing education of our membership, we prepare quarterly newsletters, hold member facilitated conference calls and webinars, and host an annual conference.  We also have a Member Forum that allows members to ask questions and receive answers from each other.  To participate in P2F2, follow the member enrollment link above.