Ron Gebhardtsbauer

Clinical Associate Professor of Actuarial Science
Department: Risk Management
Office: 331 Business Building
Phone: 814-865-4153
Fax: 814-865-6284
Member of Faculty Since: 2007


Ron Gebhardtsbauer heads up the Actuarial Science program at the Smeal College of Business.  He was awarded the Fred Brand, Jr. Teacher of the Year Award in 2012.

Prior to joining Smeal, Ron was the Senior Benefits Advisor to the Chairman of the US Senate Committee on Finance.  Prior to that he was the Senior Pension Fellow and Spokesperson for the actuarial profession in the US at the American Academy of Actuaries in Washington DC (where he appeared frequently on TV, radio, newsprint; testified before Congress, and moderated the White House Conference on Social Security).  In the mid 1990s, he was the head of the Retirement Practice at the NYC office of William Mercer, Inc.  His public sector experience includes Chief Actuary of the PBGC (the federal Pension Benefit Guaranty Corporation) and lead pension actuary at the Office of Personnel Management.  He also was an Associate Actuary at Acacia Mutual LIfe Insurance Company in Washington, DC.

Internationally, Ron has advised the governments of Canada (on Pensions), Bulgaria and VietNam (on their Social Security systems), Romania (on their Insurance system), Poland (on their Pension system), and the United Kingdom (on their Pension Insurance System).  He was the lead US delegate to the International Association of Actuaries (IAA) and a long-time member of the US pension delegation to the OECD in Paris.   

He serves on the Boards of the United Methodist Church's pension system, the US Military Retirement System Fund, and the GI Bill; and advises the Secretary of Labor thru the ERISA Advisory Council (on Employee Benefits issues) and the Comptroller General thru the GAO's Retirement Security Advisory Panel.  He served on the boards of the Society of Actuaries, the American Academy of Actuaries, and the Conference of Consulting Actuaries.  He is a member of the National Academy of Social Insurance.  Among Ron's publications is the study note on PBGC issues used in the Society of Actuaries' exam syllabus and a paper on Social Security for Financial Advisors which was awarded the Kenneth Black, Jr. Award for the top paper in the Journal of Financial Service Professionals in 2002.  He was named one of the "Top 100 Most Influential People in Finance" by the June 2004 Treasury and Risk Management magazine.


Actuarial Science, Pensions, Retirement, Social Security, Tax


MS, Actuarial Science, Northeastern University, 1976

BS, Mathematics, Pennsylvania State University, 1974


R M 410, Financial Mathematics

R M 411, Life Contingencies I

R M 412, Life Contingencies II

R M 415, Modeling for Actuarial Science (Pricing Derivatives using Black Scholes, Brownian Motion, and Stocha