William B. Fornia FCA MAAA FSA EA

President, Pension Trustee Advisors

Contact Information
Pension Trustee Advisors
9765 Mirabella Pt
Lone Tree, CO 80124-5352
United States
Phone: 3032632765
Email: flick@pensiontrusteeadvisors.com
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 22 statewide retirement systems in Alaska, California, Colorado, Louisiana, Missouri, New Mexico, North Dakota, Oklahoma, Puerto Rico, Utah, Vermont, Wyoming 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 was 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. 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 currently serves as Vice Chair of the steering committee of the Conference of Consulting Actuaries Public Plans Community, and is on the faculty of the Society of Actuaries and their Board of Directors.

Connections:

CCA Member Since 2005
Expert Witness Government DB/DC
Public Plans Community Steering Committee
Professionalism Committee
Risk ASOP 2nd Exposure Draft Response Working Group

507 - "What's My Line?" - Recent Research on Public Sector Plans 2022 CCA Annual Meeting (October 18, 2022)

Funding Policy and Consulting Issues in a Fixed Rate Environment 2021 Enrolled Actuaries Conference (May 07, 2021)

Public Plans Open Forum 2015 CCA Annual Meeting (October 28, 2015)

Risk Sharing Plan Designs for Public Plans 2015 CCA Annual Meeting (October 27, 2015)

GASB - Notes on the Lull Before the Storm GASB - Notes on the Lull Before the Storm (May 09, 2012)

Public Plans Update Public Plans Update (March 28, 2012)

Public Plans Update 2012 Enrolled Actuaries Meeting (March 26, 2012)

Public Employee Retirement Systems Workshop 2011 Enrolled Actuaries Meeting (March 30, 2011)

Public Plans Seminar Public Plans Seminar (April 14, 2010)

Current Issues With Public Employee Retirement Systems 2010 Enrolled Actuaries Meeting (April 12, 2010)

Public Plan Issues - Update on GASB Project Public Plan Issues - Update on GASB Project (February 10, 2010)

Pension Symposium: Retirement Security – Where Are We Headed? Private and Public Sector Challenges a Pension Symposium (April 13, 2009)

Conflict of Interest Conflict of Interest (December 10, 2008)

Current Issues With Public Employee Retirement Systems 2008 Enrolled Actuaries Meeting (April 08, 2008)

GASB Developments 2008 Enrolled Actuaries Meeting (April 07, 2008)