IRS' Paulette Tino First Woman to Receive Prestigious Actuarial Honor for Public Service

11th Recipient Has Been an IRS Actuary for 30 Years

and Still Working at Age 81

May 20, 2005, 01:00 ET from American Academy of Actuaries

    WASHINGTON, May 20 /PRNewswire/ -- Paulette Tino, a remarkable woman for
 the history she has lived and made, was awarded the prestigious Robert J.
 Myers Public Service Award in a ceremony at the American Academy of Actuaries'
 2005 Spring Meeting on May 3rd.  Tino, 81, an actuary and 30-year veteran of
 the IRS, is the 11th recipient and first woman to receive the award.  The
 Academy is a non-profit, professional membership organization based in
 Washington, D.C., that represents the actuarial profession on public policy
 and professionalism issues.
     The award is presented annually to an actuary who has made major
 contributions to the common good through service to government or public
 organizations.  The award is named after Robert J. Myers, the first chief
 actuary of the Social Security Administration (1947 to 1970).  During his
 tenure he helped structure and fund the nation's largest social insurance
 program in history.
     "As I receive this honor for public service, as a fellow actuary, you
 receive this honor with me," said the diminutive Tino in her thick French
 accent, as she peered over the top of the podium to address 270 of her
 colleagues and friends in the audience, including Robert J. Myers.  The award
 ceremony followed remarks by Treasury Secretary John Snow, who heads the
 cabinet department that oversees the IRS.  Snow met with Tino prior to his
 speech, and congratulated her on her achievements during his remarks.
     Academy president Robert E. Wilcox praised Tino for her accomplishments
 and contributions to the public and to the profession.  Wilcox noted that
 before choosing an actuarial career she had thought about going into another
 field that dealt with forecasting -- meteorology.  "Choosing actuarial science
 was a no-brainer she told me," he said.  "Weather forecasting's loss was
 pension solvency's gain."
     In accepting the award she reflected on her illustrious career, and the
 history she has seen and lived.  Born in France, as a young girl, Tino played
 in the shadows of Noyon Cathedral where Charlemagne was crowned King of the
 Franks.  As a teenager, she listened behind closed shutters the day the German
 army marched into Paris, and as a young woman she joined crowds rejoicing in
 the streets at the liberation of her hometown by allied forces.  After
 graduating from the Sorbonne, she and her husband Ovid moved to Montreal and
 in 1954, she moved to New York City, where she worked for George B. Buck
     Tino joined the IRS in 1975, and was one of the first actuaries hired to
 work on the development of the Employee Retirement Income Security Act of 1974
 (ERISA).  ERISA is the landmark federal act that has shaped retirement and
 health care policy for 30 years.
     In 1980, she became a member and was the first woman to serve on the joint
 board for the Enrollment of Actuaries.  As a member of the Joint Board she has
 served the profession for many years in the creation, testing, and
 certification of actuarial exams.  "Because of her diligence, young actuaries
 are taught the importance of quality and accuracy in the certification,
 reporting and disclosure of pension plan solvency," said Wilcox.  Wilcox also
 praised her groundbreaking accomplishments in the pension actuarial community
 as she is considered the nation's foremost expert on the actuarial
 certification commonly known as Form 5500 Schedule B.
     The American Academy of Actuaries is the nonpartisan public policy
 organization for the U.S. actuarial profession.  The Academy provides
 independent analysis to elected officials and regulators, maintains
 professional standards for all actuaries, and communicates the value of
 actuarial work to the media and public.

SOURCE American Academy of Actuaries