Actuary pay range
Commonwealth of Kentucky · class code 20000887
- Class code
- 20000887
- Pay grade
- 18
- Pay unit
- Month
- Alternate ranges
- 3
- State
- Kentucky
- The Commonwealth of Kentucky published pay range for Actuary is $5,377 to $8,604 per month, spanning every alternate range the plan defines.
- Kentucky publishes an entry rate and a midpoint for each pay grade, not a maximum, so the upper figure on this page is the grade midpoint.
- That works out to about $64,528 to $103,245 a year at full time.
- Kentucky Personnel Cabinet keys this classification as class code 20000887.
- The plan defines 3 alternate ranges for this class, so the rate depends on which criteria an employee meets.
- This is the range the plan authorises, not the salary of any individual employee.
Alternate ranges
| Range | Entry | Midpoint | Basis |
|---|---|---|---|
| Range 37.5-hour week | $5,377 | $8,066 | per month |
| Range 40-hour week | $5,736 | $8,604 | per month |
| Range Hourly | $33.09 | $49.64 | per hour |
Which alternate range applies is set by the plan's own criteria (experience, certification or assignment). The criteria text lives in the source document.
Class specification
The Personnel Cabinet class specification for this class is published by Kentucky Personnel Cabinet. The passages below are quoted from it as published, not paraphrased, and cut to their opening sentences; the full specification is the authority on duties and qualifications. It was last revised 02/16/2024.
What the state says the job is
Provides professional advice, reports, actuarial analyses, and related data pertinent to the establishment, maintenance, review and/or regulation of programs in life, health and casualty insurance, annuities, retirement plans and/or other benefit programs; and performs other duties as required.
Examples of the work
Applies, analyzes, and/or coordinates the application of appropriate techniques from actuarial, statistical, econometric, and accounting disciplines to specific programs. Performs or coordinates actuarial analyses of contributions, reserves, and liabilities of retirement, health, workers compensation, and other benefit programs as needed for purposes of determining actuarial soundness, adequacy of premiums, and compliance with laws. Reviews proposed legislation and regulations to determine financial impact on state government, insurance industry, and the public. Provides expert witness advice in appropriate program hearings. Represents the department in hearings and at conferences.
Minimum qualifications
EDUCATION: Graduate of a college or university with a bachelor's degree in actuarial science, mathematics, statistics, economics, accounting or a related field. EXPERIENCE, TRAINING, OR SKILLS: Five years of actuarial experience. Substitute EDUCATION for EXPERIENCE: NONE Substitute EXPERIENCE for EDUCATION: Fellowship in the American Academy of Actuaries, Society of Actuaries, or Casualty Actuarial Society may be substituted for the required experience.
Quoted from the Personnel Cabinet class specification, read 2026-10-21.
Where this comes from
Kentucky Personnel Cabinet publishes this figure in Classified and Unclassified 37.5 and 40-Hour Salary Schedule, effective September 16, 2026. Every number on this page is read from that document; nothing is estimated, modelled or averaged.
Job titles and their pay grades come from the Job Specification Search, joined to the salary schedule.
Nearby classes in Kentucky
Actuary in other states
| State | Entry | Midpoint | Per year at full time |
|---|---|---|---|
| Alabama | $118,502 | $199,426 | $118,502 to $199,426 |
| Arizona | $34.46 | $62.41 | $71,677 to $129,812 |
| California | $11,092 | $14,723 | $133,104 to $176,676 |
| Florida | $87,022 | $283,162 | $87,022 to $283,162 |
| Iowa | $73,674 | $113,464 | $73,674 to $113,464 |
| Tennessee | $7,458 | $11,935 | $89,496 to $143,220 |
Each state publishes its own range for a classification with this exact title. Duties, grade structures and bargaining units differ between states, so read each class page before comparing.