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Consultants and Actuaries

Dana Woolfrey, FSA, EA, FCA, MAAA

Dana Woolfrey is a Senior Consultant in GRS’ Denver, Colorado office.  She has more than 15 years of public sector pension consulting experience.  During her career, Dana has worked with clients in Alaska, Arizona, California, Colorado, Illinois, Maryland, Minnesota, Rhode Island, Utah, Washington and Wyoming. 

Dana’s actuarial consulting experience includes annual valuation services for both pension plans and retiree health care plans, pension plan redesign, including both traditional defined benefit structures as well as hybrid designs, and associated cost studies.  She also has significant experience with funding projections and stochastic analysis, experience studies, and actuarial audits.

Dana has worked with multiple pension systems to implement new plan designs and benefit approaches that respond to recent changes in the public sector pension environment.  As part of the plan redesign process, Dana became the primary engineer of GRS’ MagValPlus, our first version of comprehensive projection software designed to project costs related to changes in benefits and economic assumptions.  Dana continues to contribute to GRS’ effort to expand projection software tools available to clients, such as GRS Foresight®, our most recent version of projection software.

Professional Designations
  • Fellow, Society of Actuaries
  • Enrolled Actuary, ERISA
  • Fellow, Conference of Consulting Actuaries
  • Member, American Academy of Actuaries
Professional Affiliations
  • Actuarial Standards Board, Pension Committee
Presentations

Dana has served as a speaker at annual meetings sponsored by the Conference of Consulting Actuaries (CCA) where she covered the sessions, “Risk Sharing Plan Designs” and “Recent Public Sector Trends.”  The sessions covered topics such as cash balance plans, variable benefit plans, and novel funding policy approaches.  

Education

Bachelor of Science, Mathematics, Chemistry, Hope College, Michigan

Master of Science, Computer Science, Specialization in Computational Operations Research