Todd Tauzer Director State and Local Government

Todd Tauzer is a Director for municipal pensions in the State and Local

Governments group of S&P Global Rating Services in San Francisco. He is

currently helping develop a detailed framework to evaluate the sustainability

and security of public pension and OPEB plans across the country. This

involves establishing best practice for retirement benefits evaluation through

risk identification and assessment, construction of mitigation techniques for

distressed plans, enhanced criteria analysis and development for the ratings

process, and augmented communication and outreach to all related stakeholders.

Internally he works with analysts to deepen their understanding of retirement

benefits and consults on related high impact credits.

Prior to joining S&P in January of 2017, Todd was a senior pension

actuary at the California Public Employees Retirement System (CalPERS),

where he worked for nearly ten years. There he was heavily involved in the

Enterprise Risk Management and Asset Liability Management space,

working in tangent with the Financial and Investment Office to model and

evaluate risks and develop industry leading practices to achieve long term

system sustainability and risk mitigation. He also conducted analysis on

California legislative pension bills, and was the signing actuary for over

350 annual public pension valuations which outline participant experience,

project future cash flows, highlight plan sensitivities and risks, and set

contribution rates.

Todd is a Fellow of the Society of Actuaries with a specialty in Enterprise

Risk Management, a Chartered Enterprise Risk Analyst, and a Member of

the American Academy of Actuaries. Todd is also a member of the advisory

board at the University of the Pacific for their Actuarial Science program. He

was a Regents Scholar at the University of California, Davis, where he earned

his Bachelor of Science in Mathematics, Bachelor of Arts in Economics, and his

minor in Chinese. A portion of Todd’s undergraduate work was completed at

Beijing Normal University (北师大) in China’s capital.