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Alan H. Perry, FSA, MAAA, CFA

Principal, Consulting Actuary
Wayne, PA, US

Tel: +1 610 6875644

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Professional Designations

  • Fellow, Society of Actuaries
  • Member, American Academy of Actuaries
  • Chartered Financial Analyst


  • BBA, Economics, Wharton School, University of Pennsylvania
  • MS, Actuarial Science, Temple University

Current Responsibility

Alan is a principal and consulting actuary with the Philadelphia office of Milliman. He joined the firm in 1990.


Alan’s experience covers retirement plans, college prepaid tuition and savings plans, endowments, foundations, and insurance organizations. He specializes in the development of capital markets assumptions and investment policy. Alan performs asset/liability studies, including stochastic modeling, helping plan sponsors to develop investment and funding strategies and manage financial risk. He also performs valuations of employee stock options.

Presentations and publications

Alan is co-author of the annual Milliman Pension Funding Study that analyzes the funding progress of the 100 largest U.S. corporate defined benefit plans. He also has authored papers on various actuarial topics of concern to Milliman’s clients.

Selected bibliography:

  • DB Plan Risk Management: Finding a Better Match Between Assets and Liabilities (Milliman Benefits Perspectives, 2007)
  • Back to the Benefits Basics: DB or not DB – That is the Question (Benefits Quarterly, 2007, with Glenn Bowen)
  • Taking Stock of Option Expensing (Contingencies, 2006)

Professional activities

Alan serves on Milliman’s Investment Oversight Committee and is the Chair of Milliman’s Capital Markets Committee. He is a frequent speaker on pension and investment topics, having addressed many groups, including:

  • National Association of State Treasurers
  • International Foundation of Employee Benefit Plans
  • Government Finance Officers Association


  • Member, American Academy of Actuaries’ Task Force on Employee Stock Options
  • Member, Financial Analysts of Philadelphia
  • Work at Milliman

    • “I was offered a chance to come in, shake things up, create something."
    Work at Milliman