What are the main factors that influence a Pension Actuary's salary?

The primary factors are: 1) Experience Level, 2) Geographic Location, 3) Education/Skills, 4) Company Size & Industry

How does experience change a Pension Actuary's salary?

A Pension Actuary's salary grows with experience: starting around $60,914 for beginners, reaching about $63,038 at mid-level, and approach $68,284 for experts.

What are the highest paying states for a Pension Actuary?

Pension Actuary salary varies significantly by state. The top 3 highest paying states for Pension Actuary roles are District of Columbia $70,625, California $70,357, Massachusetts $69,420. These tech hubs typically pay 10-15% above the national average.

How much do different types of Pension Actuary roles make?

Salaries for Pension Actuary level roles vary by specialization: Pension Consultant: $89,342; Pension Fund Manager: $72,104; Pension Analyst: $62,533; Pension Administrator: $62,284; Pension Specialist: $61,751.

How do different companies affect a Pension Actuary's salary?

Company size, industry, and compensation structure create significant salary variations for Pension Actuary roles. Large, established industry leaders like Kpmg Us LLP ($114,295) and Warner Bros Discovery ($114,096) offer base salaries 35-40% above the national average. In contrast, smaller firms or startups may offer closer to $88,138.

Pension Actuary Salary in the United States

How much does a Pension Actuary make in the United States?

As of January 01, 2026, the average salary for a Pension Actuary in the United States is $63,787 per year, which breaks down to an hourly rate of $31.

However, a Pension Actuary's salary can vary significantly. Here’s a look at the typical salary range:

Top Earners (90th percentile): $83,260
Majority Range (25th-75th percentile): $57,150 to $73,980
Entry-Level (10th percentile): $51,106

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Pension Actuary Salaries by Percentile

	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
75th Percentile	$73,980	$6,165	$1,423	$36
Average	$63,787	$5,316	$1,227	$31
25th Percentile	$57,150	$4,762	$1,099	$27

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Key Factors That Influence Pension Actuary Salaries

A Pension Actuary's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location, education and company size can directly affect your earning potential.

How Experience Level Affects Pension Actuary Salaries?

Experience is a primary driver of a Pension Actuary's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:

Entry-Level (less than 1 year): $60,914
Early Career (1-2 years): $61,107
Mid-Level (2-4 years): $63,038
Senior-Level (5-8 years): $66,785
Expert (over 8 years): $68,284

Levels	Salary
Entry Level Pension Actuary	$60,914
Intermediate Level Pension Actuary	$61,107
Senior Level Pension Actuary	$63,038
Specialist Level Pension Actuary	$66,785
Expert Level Pension Actuary	$68,284

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What Am I Worth?

How Do Pension Actuary Salaries Vary from State to State?

Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Pension Actuaries. For example, consider the average annual salaries in these key locations:

District of Columbia: $70,625.
California: $70,357.
Massachusetts: $69,420.

District of Columbia $70,625 California $70,357 Massachusetts $69,420 Washington $69,164 New Jersey $69,139 Alaska $69,050 Connecticut $68,169 New York $67,812

Hawaii $66,670 Rhode Island $66,134 Maryland $65,771 Minnesota $65,273 Colorado $65,082 Illinois $65,018 Oregon $64,776 Delaware $64,597

New Hampshire $64,485 Virginia $64,234 Pennsylvania $63,500 Nevada $63,130 North Dakota $63,009 Michigan $62,818 Wisconsin $62,747 Vermont $62,607

Texas $62,218 Maine $62,192 Arizona $62,154 Ohio $62,109 Georgia $61,523 Indiana $61,229 Wyoming $61,172 Utah $61,083

Iowa $61,044 Kansas $60,738 Louisiana $60,649 North Carolina $60,617 Missouri $60,604 Florida $60,355 Montana $60,221 Nebraska $60,094

Kentucky $60,024 South Carolina $59,769 Tennessee $59,609 Idaho $59,545 New Mexico $59,080 Oklahoma $58,978 Alabama $58,601 South Dakota $57,970

Arkansas $57,625 West Virginia $57,440 Mississippi $56,885

Top Paying Cities for Pension Actuaries

Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:

San Jose: $80,455
San Francisco: $79,664
Oakland: $77,897

San Jose, CA $80,455

San Francisco, CA $79,664

Oakland, CA $77,897

New York, NY $73,923

Queens Village, NY $73,444

Paramus, NJ $72,934

Passaic, NJ $72,870

Bergenfield, NJ $72,807

Stamford, CT $72,711

Huntington, NY $72,647

Newark, NJ $72,233

Bridgeport, CT $72,105

New Brunswick, NJ $71,894

Vallejo, CA $71,760

Middlesex, NJ $71,722

Somerset, NJ $71,665

Petaluma, CA $71,518

Santa Cruz, CA $71,269

Boston, MA $71,142

Monterey, CA $70,823

Fairbanks, AK $70,778

Los Angeles, CA $70,657

Washington, DC $70,625

Seattle, WA $70,510

Santa Rosa, CA $70,498

Juneau, AK $70,313

Orange, CA $70,102

Anchorage, AK $69,987

Anaheim, CA $69,943

Santa Ana, CA $69,847

Nassau, NY $69,809

Long Beach, CA $69,783

Danbury, CT $69,764

Santa Maria, CA $69,547

Everett, WA $69,534

Bremerton, WA $69,222

Trenton, NJ $69,101

Sacramento, CA $69,075

San Diego, CA $69,043

Brockton, MA $69,018

Tacoma, WA $68,992

Santa Barbara, CA $68,903

Lowell, MA $68,648

New Suffolk, NY $68,622

Nashua, NH $68,546

Lompoc, CA $68,444

Ventura, CA $68,380

Stockton, CA $68,361

New Haven, CT $68,233

Atlantic City, NJ $68,067

Hartford, CT $67,927

Modesto, CA $67,895

Poughkeepsie, NY $67,755

New Britain, CT $67,723

Olympia, WA $67,633

Kennewick, WA $67,633

New London, CT $67,621

Norwich, CT $67,602

Lawrence, MA $67,570

Bakersfield, CA $67,391

Riverside, CA $67,302

New Bedford, MA $67,302

Richland, WA $67,238

Portsmouth, NH $67,187

Vineland, NJ $67,174

San Bernardino, CA $67,123

Boulder, CO $66,945

Worcester, MA $66,894

Portland, OR $66,836

Saint Paul, MN $66,760

Minneapolis, MN $66,760

Philadelphia, PA $66,670

Honolulu, HI $66,332

Springfield, MA $66,109

Providence, RI $66,103

Chicago, IL $65,918

Bellingham, WA $65,841

Baltimore, MD $65,771

Chico, CA $65,611

Wilmington, DE $65,503

Pittsfield, MA $65,439

Manchester, NH $65,318

Spokane, WA $65,037

Denver, CO $65,031

Albany, NY $64,731

Troy, NY $64,706

Schenectady, NY $64,572

Burlington, VT $64,431

Portland, ME $64,208

Salem, OR $64,157

Yakima, WA $64,144

Ann Arbor, MI $64,125

Rochester, MN $63,947

Fresno, CA $63,915

Reno, NV $63,915

Milwaukee, WI $63,857

Detroit, MI $63,793

Allentown, PA $63,774

Carson City, NV $63,768

Houston, TX $63,672

Colorado Springs, CO $63,666

Syracuse, NY $63,634

Eugene, OR $63,513

Bismarck, ND $63,436

Gary, IN $63,436

Galveston, TX $63,436

Springfield, OR $63,385

Medford, OR $63,232

Fort Collins, CO $63,207

Austin, TX $63,156

Mesa, AZ $63,022

Phoenix, AZ $63,009

Dallas, TX $62,990

Reading, PA $62,951

Saint Cloud, MN $62,926

Concord, NH $62,869

Madison, WI $62,843

Utica, NY $62,671

Raleigh, NC $62,620

Las Vegas, NV $62,613

Rochester, NY $62,569

Des Moines, IA $62,562

Atlanta, GA $62,460

Battle Creek, MI $62,441

Salt Lake City, UT $62,422

Lancaster, PA $62,326

Champaign, IL $62,314

Harrisburg, PA $62,237

Durham, NC $62,180

Kansas City, MO $62,173

Kansas City, KS $62,161

Fort Worth, TX $62,154

Boca Raton, FL $62,129

Cleveland, OH $62,122

Columbus, OH $62,109

Pittsburgh, PA $62,103

Richmond, VA $62,078

Indianapolis, IN $62,065

Cincinnati, OH $61,982

Petersburg, VA $61,886

Billings, MT $61,746

Lansing, MI $61,746

Huntsville, AL $61,746

Lebanon, PA $61,740

Dayton, OH $61,733

Pueblo, CO $61,733

Appleton, WI $61,714

Buffalo, NY $61,689

Racine, WI $61,657

Charlotte, NC $61,650

Saint Louis, MO $61,631

Springfield, IL $61,606

Elkhart, IN $61,593

York, PA $61,593

Gastonia, NC $61,586

Benton Harbor, MI $61,586

Beaumont, TX $61,548

Lorain, OH $61,535

Toledo, OH $61,510

Binghamton, NY $61,478

Rock Hill, SC $61,472

Rockford, IL $61,440

Fargo, ND $61,408

Elyria, OH $61,408

Flagstaff, AZ $61,363

Fort Lauderdale, FL $61,325

Miami, FL $61,287

Duluth, MN $61,185

Bangor, ME $61,102

Cedar Rapids, IA $61,031

Louisville, KY $61,000

Grand Rapids, MI $60,987

Hialeah, FL $60,980

Casper, WY $60,891

Scranton, PA $60,815

New Orleans, LA $60,795

Virginia Beach, VA $60,789

Akron, OH $60,757

Peoria, IL $60,674

Sarasota, FL $60,662

Green Bay, WI $60,617

Baton Rouge, LA $60,585

Charleston, SC $60,572

Nashville, TN $60,553

Jamestown, NY $60,540

Davenport, IA $60,540

Tucson, AZ $60,508

Cheyenne, WY $60,489

Saint Petersburg, FL $60,470

Tampa, FL $60,457

Omaha, NE $60,445

Port Arthur, TX $60,419

Evansville, IN $60,419

Bradenton, FL $60,394

Santa Fe, NM $60,279

Orlando, FL $60,215

Clearwater, FL $60,145

Canton, OH $60,011

La Crosse, WI $60,011

Grand Forks, ND $59,992

Albuquerque, NM $59,973

Tulsa, OK $59,973

Newport News, VA $59,966

High Point, NC $59,947

Ogden, UT $59,922

Corpus Christi, TX $59,871

Laramie, WY $59,832

Norfolk, VA $59,832

Rock Island, IL $59,794

Saginaw, MI $59,781

Jacksonville, FL $59,775

Salisbury, NC $59,762

Memphis, TN $59,749

Moline, IL $59,717

Fort Myers, FL $59,698

Waterloo, IA $59,615

Spartanburg, SC $59,552

Lincoln, NE $59,520

Fort Wayne, IN $59,507

Birmingham, AL $59,437

Cedar Falls, IA $59,424

Provo, UT $59,418

Springfield, OH $59,411

San Antonio, TX $59,399

Greensboro, NC $59,373

South Bend, IN $59,367

Winston Salem, NC $59,360

Boise, ID $59,341

Savannah, GA $59,296

Muskegon, MI $59,182

Lima, OH $59,105

Lake Charles, LA $59,080

Anderson, IN $59,067

Lexington, KY $59,048

Augusta, GA $59,029

Greenville, SC $59,029

Wichita, KS $58,971

Tuscaloosa, AL $58,971

Columbia, SC $58,914

Bloomington, IN $58,754

Roanoke, VA $58,716

Asheville, NC $58,633

Knoxville, TN $58,525

Shreveport, LA $58,518

Wilmington, NC $58,435

Frankfort, KY $58,314

Oklahoma City, OK $58,270

Chillicothe, OH $58,244

Longview, TX $58,238

Topeka, KS $58,218

Mobile, AL $58,123

Terre Haute, IN $58,097

Erie, PA $58,091

Altoona, PA $58,059

Melbourne, FL $58,040

Amarillo, TX $58,014

Killeen, TX $57,995

Fayetteville, AR $57,944

Sioux Falls, SD $57,900

Chattanooga, TN $57,861

Idaho Falls, ID $57,855

Gainesville, FL $57,721

Portsmouth, OH $57,689

Little Rock, AR $57,676

Lynchburg, VA $57,676

Lafayette, LA $57,651

Youngstown, OH $57,651

Temple, TX $57,625

Daytona Beach, FL $57,613

Clarksville, TN $57,606

Pensacola, FL $57,600

Hopkinsville, KY $57,408

Charleston, WV $57,402

Florence, SC $57,370

Sioux City, IA $57,332

Macon, GA $57,147

Tallahassee, FL $57,140

Fayetteville, NC $57,128

Waco, TX $57,115

Wichita Falls, TX $57,115

Pine Bluff, AR $57,089

Vincennes, IN $56,968

Lubbock, TX $56,943

Great Falls, MT $56,904

Alamogordo, NM $56,898

Abilene, TX $56,847

Rapid City, SD $56,764

Monroe, LA $56,764

Albany, GA $56,726

Huntington, WV $56,719

Jackson, MS $56,713

Greenville, MS $56,707

Parkersburg, WV $56,643

Montgomery, AL $56,630

Johnstown, PA $56,617

Springfield, MO $56,566

Biloxi, MS $56,535

Sumter, SC $56,401

Columbus, GA $56,394

Twin Falls, ID $56,356

Pascagoula, MS $56,273

Kingsport, TN $56,107

Gulfport, MS $56,088

Alexandria, LA $55,877

Fort Smith, AR $55,718

El Paso, TX $55,546

Helena, MT $55,463

Las Cruces, NM $55,259

Harlingen, TX $55,080

Pocatello, ID $55,023

Florence, AL $55,004

Brownsville, TX $54,991

Dothan, AL $54,889

Mcallen, TX $54,857

Columbus, MS $54,385

Altus, OK $54,091

Lawton, OK $53,970

Pierre, SD $53,741

What Skills Can Increase a Pension Actuary's Salary?

Demanded Skills for the Role:

Planning (Mentioned in 8.19% Job Postings): An act or process of making or carrying out plans. Establishment of goals, policies, and procedures for a social or economic unit city planning business planning.
Microsoft Excel (Mentioned in 2.22% Job Postings): Microsoft Excel is a spreadsheet developed by Microsoft for Windows, macOS, Android and iOS. It features calculation or computation capabilities, graphing tools, pivot tables, and a macro programming language called Visual Basic for Applications.
Workday (Mentioned in 1.74% Job Postings): A cloud-based human resource management software system that unifies a wide range of HR functionality into a single system.

See More Skills

Skills	Demand Percentage
Planning	8.19%
Microsoft Excel	2.22%
Workday	1.74%

What skills can make your compensation higher?

Mastering certain specialized skills can lead to a significant increase in pay. Here are examples of skills and the potential impact they can have on a Pension Actuary's salary.

Consulting: Can increase your salary by up to 21%.
Leadership: Can increase your salary by up to 19%.
Loan Review: Can increase your salary by up to 9%.

Skill	Salary	Salary % Increase
Consulting	$77,182	21%
Leadership	$75,907	19%
Loan Review	$69,528	9%
Business Model	$69,528	9%
Presentation	$69,528	9%
Oral Communication	$67,614	6%

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How Education impacts a Pension Actuary's Salary?

Your level of education can impact your salary potential. While many Pension Actuaries enter the field with a Bachelor's Degree degree, higher education can lead to more specialized and higher-paying roles.

According to our 100% employer-reported salary data, the median salary for a Pension Actuary with a Bachelor's Degree is between $61,813 and $68,170).

Pension Actuary Salaries by Degree Level

Typical Education for Pension Actuary

No Diploma 1.6%

High School 15.2%

Associates 8.0%

Bachelors 64.8%

Masters 10.4%

Doctorate 0.0%

view as table

Degree Level	% of user with this level of education
No Diploma	1.6%
High School	15.2%
Associates	8.0%
Bachelors	64.8%
Masters	10.4%
Doctorate	0.0%

view as graph

Pension Actuary Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how a Pension Actuary's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.

Last Updated on January 01, 2026

$57,150

Average $63,787/year

$73,980

$4,762

Average $5,316/month

$6,165

$1,099

Average $1,227/week

$1,423

$27

Average $31/hour

$36

	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
75th Percentile	$73,980	$6,165	$1,423	$36
Average	$63,787	$5,316	$1,227	$31
25th Percentile	$57,150	$4,762	$1,099	$27

Salaries of jobs related to Pension Actuary

Salary Trends for Pension Actuary

Salaries for a Pension Actuary can change over time, reflecting shifts in market demand and the overall economy. The median salary decreased from $57,998 in 2023 to around $56,742 in 2025, reflecting changes in demand, location, experience, and the wider economy. For a detailed analysis of Pension Actuary salary trends, .

Average Annual Salary of Pension Actuary Over Time

2022

$???

2023

$57,998

2024

$57,076

2025

$56,742

2026

$???

2027

$???

Year	Average Annual Salary
2022	View More
2023	$57,998
2024	$57,076
2025	$56,742
2026	View More
2027	View More

Most common benefits for Pension Actuary

Social Security

401(k)

Disability

Healthcare

Pension

Time Off (days)

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Where Does Our Salary Data Come From?

Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.

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