Wages vary according to training and experience. Actuaries usually receive benefits. These include vacation and sick leave, health and life insurance, and retirement plans. Pay varies depending on the worker's education and whether they have passed any actuarial exams. Insurance companies and consulting firms give merit increases to actuaries as they gain experience and pass examinations.
Some companies also offer cash bonuses for each professional title that actuaries earn.
There were 350 people employed as actuaries in Indiana in 1998. It is estimated that between 1996 and 2006, about 4 jobs per year will need to be filled in this occupation. All of these openings should result from replacement of current workers. Occupational growth for actuaries is expected to decline in Indiana. National Outlook Nationally, employment of actuaries is expected to show little or no change through 2008.