Kelly Coffing is a principal and consulting actuary with the Chicago and Seattle offices of the Employee Benefits Practice of Milliman. She joined the firm in 1997.
Kelly serves as the consulting actuary for a variety of pension plans. She works primarily with multiemployer plans, but has a few other projects as well. She assists clients with many aspects of pension plan management, including actuarial valuations, plan design, negotiations on pension plan changes, funding strategies, legislative impact analysis, experience studies, asset-liability projections, plan administration, and participant communications. Kelly’s recent projects include:
Transitioning traditional pension plans to alternative plan designs, including the Milliman Sustainable Income Plans® (SIPs)
Working with pension plans to develop funding and benefits strategies and policies
Assisting with mergers
Meeting with bargaining parties regarding plan change options
Publications and Presentations
Kelly frequently speaks at professional employee benefit meetings on topics affecting pension plans and has authored many articles on pension plan issues.
Professional Designations
Fellow, Society of Actuaries
Enrolled Actuary, ERISA
Member, American Academy of Actuaries
Education
BSEd, Mathematics and Chemistry, University of Idaho
12 April 2020 - by Kelly Coffing, Tim Connor, Nina Lantz
COVID-19’s impact goes beyond the market decline. Many industries are being hit hard by a sudden drop-off in industry activity, with concern that the recovery of normal operation could take several years, reducing the contributions coming into multiemployer pension plans.
17 July 2019 - by Kelly Coffing, Rebecca A. Sielman
The American pension plan is in flux, but not for the first time in U.S. history; this episode discusses why it’s a turbulent time for retirement security and what the next generation of pension plans could – and should – look like.
26 July 2017 - by Kelly Coffing, Ladd E. Preppernau
Pension plan trustees are looking for more robust retirement solutions for the future to avoid the struggles many traditional pension plans have faced.
The Milliman Sustainable Income Plan™ (SIP) keeps liabilities and assets in balance while dramatically reducing the chance of retiree benefit decreases.
The stabilized variable annuity pension plan is a retirement plan design that solves both the human resource and finance needs of plan sponsors while providing retirement security for plan participants.
