Jack Chmielewski is a principal and consulting actuary with the Milwaukee office of Milliman. He currently performs the role of relationship manager and consultant for his employee benefit clients. He joined the firm in 2002.
Jack has consulted on projects in the areas of plan funding, experience analysis, benefit studies, and other areas of financial management relating to retirement programs. He also monitors compliance work with corporate clients, including nondiscrimination testing, preparation of government forms, and review of pension distribution paperwork. Jack has been involved in asset/liability studies, including stochastic projections, and in helping clients to assess and manage the volatility of their retirement programs. Jack has also completed analysis of Other Post-Employment Benefits (OPEB) under ASC 715-60 for corporate plans and Government Accounting Standards Board (GASB) Statements 74 and 75, and Accounting for Pensions under GASB Statement 73 for public entities.
With the U.S. Federal Reserve likely to start cutting interest rates in 2024, we discuss six ways defined benefit plan sponsors can prepare for the impact.
29 May 2018 - by Jack Chmielewski, Timothy J. Herman
This paper aims to help stakeholders of Michigan’s many local government pension and other post-employment benefit programs develop informed expectations around the range of outcomes that could result from the state treasurer’s decisions about actuarial assumptions as they relate to the Protecting Local Government Retirement and Benefits Act.
GASB Statement 73 is for accounting and financial reporting for pensions not within the scope of GASB Statement 68 and applies for employer fiscal years beginning after June 15, 2016.