Paul Graf began his actuarial career in 1986 with a large international actuarial and consulting firm. A graduate of the University of Michigan with a Bachelor of Arts in Mathematics & Actuarial Science (1986), Paul also did some graduate level studies in Finance at Seattle University. His extensive experience with multiemployer, single employer and public plans has focused on the actuarial and financial management issues faced by plan sponsors in managing their pension programs. Paul’s recent experiences include Pension Protection Act studies, asset/liability forecasting studies, benefit suspension analysis and filings under MEPRA, demographic and economic assumption experience reviews, plan design studies and implementations including variable defined benefit designs, withdrawal liability policy reviews, pension plan merger due diligence and implementation, non-discrimination testing and determination letter filings. He joined Rael & Letson in 2008. Outwardly, Paul has been a speaker at the Enrolled Actuaries meeting where he presented on Critical and Declining Plan Benefit Suspensions and at the IFEBP Annual meeting where he has presented on Financial Management of Pension Plans, Variable Benefit Designs and Withdrawal Liability. He is an Associate of the Society of Actuaries, an Enrolled Actuary, and a Member of the American Academy of Actuaries where he serves as a member of the Multiemployer Plans Committee.