My guest for Episode 84 is Zorast Wadia, FSA, MAAA, EA, FCA, CFA, Principal and Consulting Actuary at Milliman. The theme for the episode is 𝗗𝗲𝗳𝗶𝗻𝗲𝗱 𝗕𝗲𝗻𝗲𝗳𝗶𝘁 𝗥𝗲𝗻𝗮𝗶𝘀𝘀𝗮𝗻𝗰𝗲. Zorast and I explore the following topics:⁣ ✅ Defined benefit (DB) plans and defined contribution (DC) plans ✅ Plan sponsors, valuation actuaries, and retirement plan operations ✅ Cash valuation and financial accounting valuation ✅ Differences between corporate and public pension plans ✅ Milliman’s Corporate Pension Funding Study ✅ Environmental changes that recently shined a light on DB plans ✅ The unfreezing of IBM’s DB plan and its implications for the market ✅ The American Rescue Plan Act ✅ Risk retention, risk management, and risk transfer for DB plans ✅ Annuity purchase activity for frozen DB plans  If you are interested in learning about the retirement space, you want to listen to this. My Website: maverickactuary.com