Biography: Thomas S. Terry
Tom Terry was elected as President of the International Actuarial Association (IAA) in 2016 and began his tenure on January 1, 2017. As President, Mr. Terry also serves as chair of the Executive Committee and of the Council, as well as being an Officer of the organization. He was first elected as a member of the Executive Committee in 2015, and chaired the Strategic Planning Subcommittee in 2016.
Mr. Terry’s involvement in the work of the IAA started in 2009 as the Conference of Consulting Actuaries’ delegate to the Pensions & Employee Benefits Committee, after which he served as Vice-Chairperson from 2010 to 2012 and Chairperson in 2015. Over the years, Mr. Terry has also served as a member of the Accreditation Committee, Mortality Working Group, Strategic Planning Subcommittee and various task forces.
Tom was born in Rochester, New York, United States in 1951. He graduated with a Bachelor of Science, majoring in Mathematics and Physics, from Tufts University, then went on to obtain a Masters of Actuarial Science from the Graduate School of Business Administration at the University of Michigan.
He began his career with Towers Perrin, advancing to principal and vice president as well as retirement practice leader in the firm's Chicago office. Later, he founded CCA Strategies and grew that firm to 200 professionals in ten offices across the United States. CCA Strategies provided pension and healthcare actuarial services to some of the largest private sector employers in the United States. Upon J.P. Morgan's acquisition of CCA Strategies, Mr. Terry assumed leadership of J.P. Morgan's U.S. consulting unit.
Today, Tom is Founder and CEO of The Terry Group, which provides strategic and technical consulting services in healthcare and retirement as well as litigation support and expert testimony.
He is also chair of the Board of Actuaries, the advisory and oversight board for the Civil Service Retirement System and the Federal Employees Retirement System covering over five million participants.
Tom also chairs the board of an organization housing a graduate university conducting research and offering masters and doctorate degrees in human potential.
Finally, Tom chairs the board of a research and educational organization (think-tank) dedicated to improving our understanding of global aging, to informing policymakers and the public about the challenges it poses, and to encouraging timely and constructive policy responses.
Tom has been an active volunteer in the actuarial profession. He is a past president of the American Academy of Actuaries and of the Conference of Consulting Actuaries. He also served on the board of the Society of Actuaries.
He has written numerous articles and is a frequent panelist or speaker at various industry and professional conferences.
Tom enjoys an occasional round of golf and a good, solid week of skiing every winter. He and his wife, Karen, reside in the United States in Chicago – which is very good for golf (for six months of the year), but not so good for skiing! They have two adult sons.