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ARTHUR H. TEPFER
atepfer@tepferconsulting.com
Mr. Tepfer is a Principal and Actuary for Tepfer Consulting Group, Ltd.,
an actuarial, administrative and employee benefit consulting firm in Northbrook,
Illinois. Prior to forming Tepfer
Consulting Group, Ltd. in 1995, Mr. Tepfer was a founding principal of
Tepfer & Spitz, Ltd. Earlier Mr. Tepfer was Midwestern Managing Director
of the Actuarial and Employee Benefit Practice for Laventhol &
Horwath. During recent years, Mr. Tepfer has held positions as Senior
Vice President of Hay/Huggins Company, Inc. and was President of his
own firm.
Mr. Tepfer has spent the last 33 of his 35-year actuarial career
working as a consulting actuary. Before forming his own company in
1981, he was associated with Jaffe & Associates, Ltd. and the
Martin E. Segal Company. He is a Member of the American
Academy of Actuaries, an
Associate of the Society of Actuaries, a Member of the American Society
of Pension Actuaries and an Enrolled Actuary. He holds a B.A. degree
from Rutgers University, New
Brunswick, New Jersey.
During his career, Mr. Tepfer has served as a consultant to the
employee benefit plans of many Fortune 500 corporations, public
retirement plans and large collectively bargained multi-employer plans.
In his current capacity, his primary responsibility is the development
of new business as well as employee benefits consulting to small and
mid-sized companies. Additionally, he has developed a national
reputation in providing expert testimony with regard to actuarial
matters in matrimonial dissolutions, loss of income situations and
ERISA litigation.
Mr. Tepfer has performed consulting and actuarial services for many
public plans and government agencies. His clients have included
statewide pension funds in Arizona,
Oklahoma, and Puerto
Rico; citywide agencies including the New York
Metropolitan Transit Authority, the Chicago Metropolitan Water
Reclamation District and the City
Colleges of Chicago;
and Municipal Police and Fire pension funds throughout the State of Illinois.
Mr. Tepfer has lectured on pension matters at many professional
actuarial meetings and has conducted seminars in association with Harvard
University, the Chicago
Association of Commerce and Industry, the Chicago Bar Association, the
Illinois Judges Association and the Illinois CPA Foundation. He has
lectured on pension matters and expert actuarial testimony to the
annual Enrolled Actuaries Meeting and the American Society of Pension
Actuaries Meetings in Washington D.C.
on pension matters and expert actuarial testimony. As part of the
Chicago Bar Association Continuing Legal Education Committee, he has
lectured to the matrimonial section in a number of seminars regarding
expert testimony in marital dissolutions. In April 1987, he served as a
faculty member and conducted a seminar sponsored by the Society of
Actuaries on "Actuarial Involvement in Litigation". He has
also served on the Society of Actuaries Education and Examination
Committee for Actuarial Testimony. He currently serves as a member of
the pool of investigators for the Actuarial Board for Counseling and
Discipline, as the chair of the ASPA subcommittee on drafting Practice
Guidelines on the selection of economic actuarial assumptions, as a
member of the editorial board of the magazine “Compensation and Benefit
Manager’s Monthly”, as a faculty member of Northern Illinois
University’s Pension Trustee Certification Program and as a question
writer and member of the Joint Board for Enrollment of Actuaries
Examination Committee.
Mr. Tepfer currently is a regular contributor for the Illinois Public
Pension Fund Association newsletter and is a frequent contributor to many
professional journals. Among his publishing credits are the following:
- "The Value
of Defined Benefit Pension Benefits in Marriage
Dissolutions", ISBA Family Law Newsletter, June 1980
- "Valuing
Defined Benefit Plans", Family Advocate magazine, ABA Family
Law Section, Spring, 1983.
- Discussion
Commentary, "Actuarial Involvement in Divorce
Litigation," by M. Projector, Proceedings, Conference of
Actuaries in Public Practice XXXIII, pp. 494-544
- "Actuarial
Litigation Support", American Society of Pension Actuaries,
Pension Actuaries and Consultants Conference, October, 1990
He has also edited the chapters on retirement plans in author Terry
Savage’s two national bestsellers on managing money: “Terry Savage
Talks Money” and “New Money Strategies for the ‘90s”.
Recently Published Articles include:
- “Deferred
Retirement Option Plans”, Pension and Benefits Week, Research
Institute of America,
October 13, 1998
- “Deferred
Retirement Option Plans”, IPMA News, International Personnel
Management Association, August, 1999
- “Actuarially
Neutral DROP is a matter of opinion”, IPPFA Newsletter, Winter
1999-2000.
For Compensation and Benefit Manager’s Monthly:
- “Are Hardship
Distributions Destroying Your Plan?”, October, 1998
- “How to
Successfully Navigate through the Myriad Rules - Effects of
Mergers, Acquisitions and Dispositions”, November, 1998
- “Coping with the
New Laws in Your Pension Documents--Decisions, Decisions,
Decisions”, December, 1998; February, 1999; April, 1999
- “Rules, Rules
and More Rules”, June, 1999
- “A Fruit Salad
By Any Other Name… QSERP’s a new idea?”, December, 1999.
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