Background Summary of Milton N. Kohlmann
Education
Graduated from Dumont High School; Dumont, New Jersey; June, 1962.
Bachelor of Arts, mathematics; New York University; June, 1966.
Passed parts 1, 2 and 3 of Society of Actuaries examinations.
Enrolled Actuary since February 19, 1976.
Member, American Society of Pension Actuaries, since July 26, 1976.
Member, American Academy of Actuaries, since September 28, 1976.
Employment
United States Army, July 29, 1966 to July 28, 1969. United States Army Intelligence Corps duties: area intelligence specialist with Top Secret security clearance. Viet Nam veteran. Honorably discharged with rank of Sergeant.
Kwasha Lipton; September, 1969 to May, 1977.
Consulting Actuaries Incorporated; May, 1977 to January, 1979.
Planned Retirement Consultants & Administrators, Inc.; January, 1979 to June 1979.
Paramus Pension Actuaries (self-employed); June, 1979 to present.
Summary
Pension actuary since 1969 serving both large and small clients with respect to defined benefit plans and defined contribution plans.
Professional Experience
From September, 1969 to May, 1977 was responsible for performing actuarial valuations and coordinating subordinate data processing requirements with respect to defined benefit plans for large corporate clients.
From May, 1977 to June, 1979 was involved with both defined benefit plans and defined contribution plans for small and medium clients. This experience included the areas of plan design, plan drafting and completing actuarial valuations using simplified actuarial assumptions. Also included the preparation of actuarial valuation reports; preparing required filings for the Internal Revenue Service, Department of Labor, and Pension Benefit Guaranty Corporation; and assuring that such clients complied with the minimum funding standards of the Employee Retirement Income Security Act of 1974 (ERISA), where applicable.
Self-employed since June, 1979. In addition to the experience described in the preceding paragraph, have given court testimony on pension-related matters, have implemented new plans and amended and terminated old plans, and served as an independent consultant to insurance agencies and pension consulting firms (American Pension Corporation; Scherzer Corporation; Professional Retirement Planners; Pension and Profit Sharing Consultants; Northeast Administrators; Pension Actuarial Associates, Inc.; Associated Actuaries, Inc.; Rasmussen Pension Services; Westmount Pension Services).
Miscellaneous
Significance of Enrolled Actuary designation: Became an Enrolled Actuary upon demonstrating responsible pension actuarial experience and knowledge. Qualified to determine the funding requirements of plans subject to the minimum funding standards of the Internal Revenue Code. This requires expertise in the areas of pension plan design, pension law, and pension mathematics. Enrolled Actuaries may practice before the Internal Revenue Service with respect to certain pension matters. Enrolled Actuaries are subject to continuing education requirements.
Have been involved in approximately 100 legal matters as an expert witness. The majority of these cases were matrimonial matters involving the preparation of actuarial present value calculations for purposes of equitable distribution. Other matters involved age discrimination, loss of income due to wrongful arrest, testifying as to the condition of patients on first aid calls (I am also an Emergency Medical Technician and a member of the Paramus Volunteer Ambulance Corps -- I was captain of the PVAC in 1996 and in 2003), palimony, examination of disputed pension calculations, value of lost wages due to disability, actuarial present value calculations for estate tax purposes, actuarial present value of future medical expenses, actuarial present value of unpaid property settlement payments, actuarial present value of future alimony payments, loss due to breach of employment contract, and ERISA claim due to improper amendment of plan by plan trustees. In most matters my expert's report was sufficient, and testimony in a courtroom or in the form of a deposition was only required about 15 times. Have in the past been appointed to cases by judges as an impartial pension expert.
