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Robert L. Schmidt, FSA, MAAA, EA

Principal, Consulting Actuary
Boise, ID, US

Tel: +1 208 3423485

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Professional Designations

  • Fellow, Society of Actuaries
  • Member, American Academy of Actuaries
  • Enrolled Actuary under ERISA


  • BS, Applied Mathematics, Walla Walla University

Current Responsibility

Robert is a principal and consulting actuary with Milliman. He is the manager of the Boise, Idaho, office and joined the firm in 1987.


Robert works with a variety of corporate, public, and multiemployer clients, with member bases that range from a few hundred to more than 100,000 individuals. He specializes in healthcare and retirement plan consulting. His healthcare consulting assignments have included general consulting, healthcare reform strategy analysis, benchmarking analysis and surveys, estimation of liabilities and reserves, benefit design, self-funding feasibility studies, health vendor RFP consulting, Medicare and non-Medicare exchange consulting, and post-retirement benefit valuations. His retirement plan consulting assignments have included actuarial valuations, assumption studies, asset-liability studies, defined benefit and defined contribution plan design, and administrative consulting.

Robert consults to boards of directors, special committees, legislative groups, financial directors and staff, administrative directors and staff, and collectively bargained groups.

Presentations and Publications

Robert is a frequent speaker before professional and client groups and has authored articles on current employee benefit issues for Milliman Perspectives, Milliman Client Action Bulletins, Milliman Blogs, CCH Compliance Guide for Plan Administrators, and the Journal of Pension Benefits.


  • Chair, Actuarial Committee of the Idaho Small Employer and Individual Health Reinsurance Program
  • Member, Western Pension and Benefits Conference, Boise Chapter
  • Member, Employers' Health Coalition of Idaho
  • Work at Milliman

    • “I was offered a chance to come in, shake things up, create something."
    Work at Milliman