Do politics enter into retirement or pension plans?


Sherry Chan (Chief Actuary for the City of New York)

Sherry Chan discusses how politics can interfere with her job and how strong communication skills and having a moral compass helps her deal with the issues. According to Chan, with retirement and pension plans being 10% of the New York City $90 million-plus budget there will always be politics involved.


About Author

Sherry Chan

Chief Actuary for the City of New York

Chosen unanimously by New York City elected officials and union presidents in the Spring of 2015, Sherry Chan, FSA, EA, MAAA, FCA, is the 5th Chief Actuary in the 100+ year history of New York City and one of the highest ranked Asian-American officials in the City’s Administration. In her role, Ms. Chan provides technical expertise to the City’s five retirement systems and pension funds. Ms. Chan was selected as a 2019 Crain’s NY 40 Under 40, a 2018 Geoffrey Heywood Young Consulting Actuary Award recipient from the International Association of Consulting Actuaries, and a 2017 City & State 40 under 40 Rising Star of New York City.

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