FCA MAAA FSA EA
President, Pension Trustee Advisors
William B. (Flick) Fornia is founder and President of Pension Trustee Advisors. PTA provides consulting services on public pensions with emphasis on pension advice.
Work Experience - Flick has expertise in all retirement-related areas, including financing, plan design, bond analysis, asset-liability studies, retiree healthcare and legislative testimony. His career includes serving as corporate actuary for The Boeing Company and as consultant for numerous multinational corporations in Brazil and Argentina during his ten years at Towers Perrin.
He has performed consulting services for more than 20 statewide retirement systems in Alaska, California, Colorado, Louisiana, Missouri, North Dakota, Oklahoma, Puerto Rico, Utah, Vermont and others. Other clients have included the US Department of State, Cities of Baltimore, Oakland, New York and Philadelphia, IBM, US WEST and Ford Motor Company. He has consulted on public pension matters involving seven of the ten largest US Cities, and has testified to numerous Legislatures and City Councils.
Previous Work History - Flick has more than 30 years of consulting and actuarial experience, primarily in the areas of retiree pension and healthcare benefits. Prior to forming PTA in 2010, Flick led Aon Consulting’s public sector pension actuarial consulting practice as Senior Vice President. He earlier managed the Denver Retirement Practice of Buck Consultants and served nationally as a Senior Consultant for Gabriel, Roeder, Smith & Co.
Articles and Speech Presentations - Flick is well known for his ability to teach complex concepts to lay audiences. He is an author and frequent speaker at organizations such as the Pension Research Council, the National Association of State Retirement Administrators (NASRA), the National Association of Public Pension Attorneys (NAPPA), the National Conference on Public Employee Retirement Systems (NCPERS), the Conference of Consulting Actuaries, the International Foundation of Employee Benefit Plans, The Conference Board, the Government Finance Officers Association (GFOA), and the Brazilian Association of Pension Plans (ABRAPP).
Articles and speeches have addressed all aspects of retirement programs including retiree healthcare plans, and the challenges of public sector defined contribution plans. He co-authored “A Better Bang for the Buck – The Economic Efficiencies of Defined Benefit Plans” with the National Institute on Retirement Security in 2008, which has been updated in 2014 and 2022.
Professional Organizations and Education - He is a Fellow of the Society of Actuaries, Enrolled Actuary, Member of the American Academy of Actuaries, and Fellow of the Conference of Consulting Actuaries. He was a founding member and vice-chair of the steering committee of the CCA Public Plans Community. He is on the faculty of the SOA's Fellowship Admission Course, and was elected twice to their Board of Directors.