About

Daniel W. Sherman, ASA, MAAA, EA, is the CEO of Sherman Actuarial Services, LLC.  He has over 30 years of experience in the employee benefits field. Throughout his career, he has consulted with a very diverse clientele on actuarial and plan-design issues in connection with all types of retirement programs, including defined benefit plans, 401(k) and 403(b) plans, Postemployment Medical plans and 457 plans. He has given special attention to benefit issues and deferred-compensation programs of particular interest to public and other non-profit employers.

Dan has been the actuary for what represents the largest combined group of Massachusetts Chapter 32 actuarial valuation clients in the State. Dan has performed work on a variety of other projects. A list of some of the highlights is provided below.

• Actuary for 35 Massachusetts Retirement Systems, some for over twenty four years

• Consultant to the Massachusetts Retirement Law Commission 1987 to 1993.  Major projects include: Early Retirement Study, COLA Study, Pop-Up study, Optional Retirement Program Study and 1987 Actuarial Valuation of the 106 counties, cities, towns, and agencies in the Commonwealth.

• Actuary for the municipalities of Newport, Middletown, Smithfield, Providence and Cranston in Rhode Island, and Springfield, Brockton, New Bedford, Somerville in Massachusetts.

• Actuary for the Massachusetts counties of Bristol, Norfolk, and Plymouth.

• Frequent speaker regarding Massachusetts State Pensions and GASB 45 before organizations such as the Massachusetts Municipal Association.

• Performed actuarial valuations for many municipal OPEB plans under GAS43/45, including: Cranston RI, Franklin MA, Framingham MA, Hingham MA, Marblehead MA, Middletown RI, Needham MA, Newport RI, Newton MA, Peabody MA, Providence RI, Quincy MA, Shrewsbury MA, Smithfield RI, Somerville MA, Stoneham MA, Walpole MA, Wakefield MA, Waltham MA, Watertown MA, Winchester MA and Worcester RTA.

• Actuarial valuation and benefits plan redesign services for major retail firms, hospitals, and manufacturers as well as several other private employer programs.

Dan is an Associate of the Society of Actuaries, a member of the American Academy of Actuaries, and an Enrolled Actuary under ERISA.  He earned a Bachelor of Arts degree in Mathematics and Physics from Ripon College and completed graduate study in Actuarial Sciences at the University of Nebraska.