Experience
As a member of the Defined Benefit Actuarial Services Team, Peter’s duties include:
- All phases of actuarial OPEB valuation process and all phases of actuarial pension valuation process
 - Preparation of census data requests
 - Review and reconciliation of participant data
 - Reconciliation of plan assets
 - Setup of the actuarial valuation using Proval
 - Review of valuation output and checking of sample results
 - Drafting of actuarial valuation reports and associated funding calculations
 - Drafting of IRS Form 5500 and PBGC Form 1
 - Preparation of participant annual benefit projection statements
 - Review of benefit calculations for participants who are terminating employment or retiring
 
Professional Designations
- Enrolled Actuary under ERISA
 - Associate, Society of Actuaries
 - Member, American Academy of Actuaries
 
Education
- BS, Physics, Rensselaer Polytechnic Institute
 - BS, Physics, Cornell University
 
Publications
Read their latest work
Article
Utilizing excess assets in a defined benefit plan for effective workforce reduction
01 August 2024 - by Peter Thies
We detail how we helped a pension plan sponsor incentivize certain participants to retire in order to meet workforce reduction goals while maintaining surplus funding levels.
Article
Potential effects of the COVID-19 pandemic and other mortality trends on corporate defined benefit plans
29 November 2021 - by Peter Thies, Rebecca Ross, Nick Carnaval
When it comes to pensions, how has COVID-19 affected the mortality assumptions for defined benefit plans? 
Article
Case study: Plan testing during a mid-year amendment
15 April 2020 - by Peter Thies
How does a complex pension plan not only pass nondiscrimination testing but also pass this testing in the future?
