Peter Thies

EA, ASA, MAAA

Actuary

Albany, NY, US

1 518 5147125

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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

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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?

Peter Thies

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Experience

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Read their latest work

Utilizing excess assets in a defined benefit plan for effective workforce reduction

Potential effects of the COVID-19 pandemic and other mortality trends on corporate defined benefit plans

Case study: Plan testing during a mid-year amendment

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Peter Thies

Experience

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