Life and Health Insurance Actuary 1 pay range
Commonwealth of Pennsylvania · class code 04550
- Class code
- 04550
- Pay scale group
- ST 09
- Pay unit
- Year
- Bargaining unit
- B4
- State
- Pennsylvania
- The Commonwealth of Pennsylvania published pay range for Life and Health Insurance Actuary 1 is $78,925 to $119,844 per year.
- Commonwealth of Pennsylvania Office of Administration keys this classification as class code 04550.
- This is the range the plan authorises, not the salary of any individual employee.
Class specification
The Commonwealth job specification for this class is published by Commonwealth of Pennsylvania Office of Administration. 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 05/01/1977.
What the state says the job is
This is technical work in the actuarial analysis of life and health insurance rates, rating procedures, rating plans, and schedules. An employee in this class applies basic actuarial techniques in the analysis and evaluation of rates on health and accident insurance, credit life insurance and credit health insurance to determine adequacy and equity. Employees in this class also review life insurance and annuity contracts by analyzing the cash values, premium schedules and benefit structure to determine that the contract and rates are not unjust or unfairly discriminatory and that the product is actuarial sound in order to protect the solvency of the company. The employee either independently approves or disapproves or recommends approval or disapproval of the filing to the supervisor depending upon the complexity.
Minimum qualifications
Successful completion of four parts of the Society of Actuaries actuarial examination program, or three years of actuarial experience in life and/or accident and health insurance; and a bachelor's degree with major course work in mathematics or statistics; or Any equivalent combination of experience and training.
Quoted from the Commonwealth job specification, read 2026-10-21.
Where this comes from
Commonwealth of Pennsylvania Office of Administration publishes this figure in Classification and Pay Plan (online, current annual salary ranges). Every number on this page is read from that document; nothing is estimated, modelled or averaged.
The Commonwealth also links this class code to its own job title and specification. That page is the official description of the classification; this page publishes its pay range.
The listed pay scale is available in the Commonwealth's current ST schedule.