The Office of the State Actuary is a Legislative agency and provides actuarial services for all of the state-funded or state-sponsored pension plans. The OSA performs other actuarial services as needed. They also provide staff for the Select Committee on Pension Policy and maintain the SCPP website. If you would like more information about the function and responsibilities of the OSA, see Chapter 44.44 of the Revised Code of Washington.
The OSA website has a wealth of information and provides links to important documents dealing with the LEOFF 1 pension plan.
Matt Smith, State Actuary
Matthew M. Smith is an Enrolled Actuary (EA), Fellow of the Conference of Consulting Actuaries (FCA), and is a member of the American Academy of Actuaries (MAAA). He received his undergraduate degree in mathematics from the University of Puget Sound in Tacoma, Washington. Matt started his actuarial career as an actuarial assistant with the Office of the State Actuary (OSA). Prior to his appointment as the State Actuary in November 2002, he worked for Watson Wyatt, Milliman, and Howard Johnson/Merrill Lynch in various actuarial and consulting roles.
Matt is Washington’s third State Actuary and serves as executive head of OSA. To learn more about OSA duties and responsibilities, see the About Us page. As the State Actuary, Matt oversees the annual actuarial valuations of 14 public retirement plans. OSA also provides staff and assistance to the Select Committee on Pension Policy (SCPP) , a 20-member statutory committee. The SCPP studies issues and policies affecting the Washington State Retirement Systems and makes recommendations to the Legislature. Matt directs research and policy staff in support of the SCPP.
Matt believes that actuaries help the public identify, quantify, and manage risk. As State Actuary, he strives to promote the security of Washington State public employees’ retirement benefits by simplifying and clearly explaining actuarial concepts. By translating complex actuarial information into easy to understand laymen’s terms, plan members, legislators, citizens, and other stakeholders are able to make informed decisions about retirement plan benefits and policies.
Matt and his wife Kimberly reside in Olympia and have three children.
Office of the State Actuary
PO Box 40914
Olympia, WA 98504-0914
2100 Evergreen Park Dr. SW
Olympia, WA 98502