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Jeff Baker

ASA, EA, MAAA
Principal & Consulting Actuary
Atlanta, GA, US

Jeff Baker is a principal and consulting actuary in the Atlanta office of Milliman. He assists organizations across a broad range of benefits-related issues, including designing, funding, de-risking, and financial reporting of their retirement programs.

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Experience

Jeff has worked in the retirement consulting field since 1998, with prior experience as a principal at Mercer where he specialized in qualified and non-qualified defined benefit plans and AON. He has extensive experience in the following areas:

  • Preparing actuarial valuations for corporate defined benefit and retiree medical plans
  • Developing cost projections to evaluate future business conditions and their impact on benefit programs
  • Assisting plan sponsors with plan design strategies and cost implications
  • Providing financial accounting under US and IFRS standards for qualified, retiree medical, and non-qualified executive pension plans
  • Conducting due diligence for mergers & acquisitions
  • Analyzing and implementing pension de-risking projects, including plan termination, investment strategies, annuity purchases, and lump sum windows
Publications

Read their latest work

Article

How has pension plan participant behavior changed within a high interest rate environment?

20 May 2024 - by Ryan Rowland, Jeff Baker, Bruce R. Mitton
In a higher interest rate environment, what should plan sponsors consider before implementing a lump sum window de-risking strategy?
Article

De-risking opportunities in a rising interest rate environment

29 September 2022 - by Jeff Baker, Bruce R. Mitton, Ryan Rowland
With rising interest rates, plan sponsors should take action now to review cost and risk reduction strategies, and lock in gains.
Article

Impact of COVID-19 on your pension plan: Considerations for layoffs

30 March 2020 - by Jeff Baker
As employers are facing the harsh reality of implementing layoffs to maintain economic viability, there may be unintended consequences to various retirement programs, especially pension, post-retirement benefit, and other plans.