Audit Committee, Governance Committee, Real Estate Development Advisory Committee
Howard L. Polivy, appointed by the Governor, is an independent Consulting Actuary, and a supervising actuary at Economic Group Pension Services, Inc., an actuarial and benefits consulting firm with more than 3,000 clients. While the firm specializes in the small-to-medium-sized employer marketplace, Howard also works directly providing specialized valuation services to multi-employer entities, non-profits, and public employers.
As an actuary, he uses mathematical modeling to value expected cash requirements for future uses involving contingencies, like insurance, annuities, or benefit reserves. These valuations enable clients to balance their ability to have timely cash resources in place against their anticipated commitments.
Polivy focuses on benefit plan design, expense valuation, developing funding alternatives, and administration. He is responsible for financial reporting relating to qualified and non-qualified benefit plans and other post-employment benefits. He consults on technical issues relating to complex benefit designs and combinations, including ESOPs and Cash Balance or Pension Equity plans, and mergers and acquisitions.
Polivy has a history of civic activism. He now serves as Chief of the Roosevelt Island Community Emergency Response Team (CERT) and as a trustee of his local congregation. He has served with the Roosevelt Island Residents Association (RIRA) as an alternate representative for his building and prior to coming to Roosevelt Island had been a coop board president.
Polivy is an Enrolled Actuary (EA), authorized to practice before the Departments of Labor and Treasury, a Fellow of the American Society of Pension Professionals and Actuaries (ASPPA), a Member of the American Academy of Actuaries (MAAA), and a Member of the American College of Pension Actuaries (ACOPA). He studied at Binghamton University and has a Bachelor of Arts in Mathematics and Philosophy. He resides on Roosevelt Island with his wife Ellen and their children Suzanne and David.