Milliman Hires Falls to Expand Public Pension Consulting Business

Global consulting and actuarial firm Milliman Inc. announced Friday it has hired Ryan Falls as a consulting actuary and statewide public pension system marketing lead. 

Falls will focus on continuing to expand and enhance the firm’s statewide public pension consulting business, which already serves many of America’s largest public pension systems. 

Before joining Milliman, Falls spent more than 11 years at Irving, Texas-based actuarial consulting firm Gabriel, Roeder, Smith & Co. According to Milliman, he served as the lead actuary advising the Arizona State Retirement System, the Teachers’ Retirement System of Oklahoma, the New Mexico Educational Retirement Board, the Public Employees Retirement Association of New Mexico and the Employees Retirement System of Texas. 

Ryan Falls

Prior to his years at GRS, Falls worked for almost 14 years in Buck Global LLC’s retirement consulting organization, according to his LinkedIn profile. A graduate of Texas A&M University, Falls has 25 years of experience in the actuarial and benefits consulting business, specializing in major public employee retirement systems. 

“Ryan is a leader in statewide system plan design and sustainability and has worked closely with plan sponsors on public pension plan reform,” said Matt Larrabee, a principal and consulting actuary with Milliman, in a press release. “Ryan has a reputation for telling systems what they need to hear in an understandable, empathetic manner that matches well with Milliman’s consulting approach. His work, especially in the southwestern US, will help Milliman expand our offerings and complements our strong public pension expertise.” 

Falls’ background also includes actuarial valuations for public pension and retiree health care plans, along with hybrid plan design and asset liability modeling. He has led nine actuarial audits in the past five years, according to Milliman. 

“I’ve seen first-hand the monumental effort it takes to manage a statewide retirement system and the impact that has on employees, plan sponsors, and the state as a whole,” Falls said in a statement. “Milliman’s independence, creativity, and its mission to protect the financial well-being of people everywhere is vitally important in public plan design. I’m thrilled to join a leader in the benefits space.”