Mike Kaplan Retires after 23 Years at Rael & Letson

Rael & Letson recently celebrated the retirement of Consulting Actuary, Mike Kaplan, FSA, EA, MAAA, at a luncheon with colleagues and longtime clients at Mike’s favorite Italian restaurant in Pasadena, California. Mike’s career has spanned an impressive 62+ years, including 35 years at Segal, followed by 23 years with Rael & Letson serving multiemployer Health & Welfare and Retirement plans. Mike has been an important leader at Rael & Letson for many years, serving on the board for 19 years, and as the company’s CEO/President for 10 years.

Mike is looking forward to spending free time with his wife, Ruth, and the rest of his family during his retirement. He stated, “It has been a pleasure to work with so many incredible clients and colleagues over the years. I have plans to travel to New York soon and will enjoy having the freedom to do whatever I wish. I like to stay busy, and I plan to stay in touch with everyone and explore new ways to contribute.”

Here’s a quick look at Mike’s long career:

Mike earned his Fellow of the Society of Actuaries in 1968, becoming among the earliest Enrolled Actuaries (#90!), earning this designation in 1975. Mike is also a Fellow of the Society of Actuaries, a member of the American Academy of Actuaries, and a Fellow of the Canadian Institute of Actuaries.

After graduating from City College of New York with a bachelor’s degree in mathematics, Mike started his career working for two life insurance companies, as manager of the group actuarial department for one and as manager of the annuity department for the other. He then joined Segal’s actuarial department, becoming a senior vice president in 1976 and also serving as a consulting group head. In 2002 Mike joined Rael & Letson’s Pasadena office as a Senior Consulting Actuary, where he worked with multiemployer Health & Welfare and Retirement clients in addition to public entities.

Good luck in your retirement, Mike! And thank you for everything you’ve done for Rael & Letson, and for the industry.