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ERISA, establishes an important statutory. role for pension actuaries in the United States. As part of its statutory goal to protect the retirement se-. curity of Americaâs workers, ERISA requires tax-quali-. fied defined benefit plans to obtain an actuarial. valuation of plan reserves each year. When valuing the. plans râ eserves, the actuary is required by ERISA to act on. behalf of plan participants.
How to Become an Actuary. Two Methods: Choosing to be an Actuary as a First Career Changing Careers to Become an Actuary. If you want to become an actuary, you will need to possess superior analytical skills. Actuaries compile and analyze statistics and use the information to help companies calculate financial risks.