William “Flick” Fornia, FSA
President, Pension Trustee Advisors Inc.
William B. (Flick) Fornia founded Pension Trustee Advisors in 2010 and serves as president. PTA provides consulting services on public pension and retirement benefits to seventy clients. Previously, he led the public sector retirement plan actuarial consulting practice of a major consulting firm. His 44-year professional expertise is the analysis, design and modeling of postretirement employee benefits (pensions and health), particularly in the public sector.
Flick’s work experience includes consulting for public and private sector retirement plans. He has consulted with numerous state and local government bodies regarding their public retirement systems, as well as with private sector and not-for-profit employers in the United States, Brazil and Argentina. He has also worked on federal, state and local compliance and accounting issues for many clients.
A frequent speaker, Flick has testified before legislative and judicial bodies in fifteen states. He has spoken to numerous major industry groups and entities such as the Federal Reserve, AARP, Conference Board, Government Finance Officers Association, National Conference of State Legislators, National Association of State Retirement Administrators, National Council on Teacher Retirement, National Conference on Public Employee Retirement Systems, National Institute on Retirement Security, and International Foundation of Employee Benefit Plans. He serves many clients as expert witness, having testified in Federal Court. Flick has published several papers on pension and retiree health issues and has been interviewed by various periodicals on pension issues. His most cited paper is “A Better Bang for the Buck: The Economic Efficiencies of Defined Benefit Pensions.” He has served public sector clients in thirty-five states, Guam and Puerto Rico, and has consulted on retirement issues involving seven of the ten largest US cities.
Flick was recognized with one of six retirement “Power Broker” awards by Risk & Insurance and Human Resource Executive Magazine in 2010.
Flick is a Fellow of the Society of Actuaries (1986), an Enrolled Actuary under ERISA (1984), a Member of the American Academy of Actuaries (1983), and Fellow of the Conference of Consulting Actuaries (2005).
He was reelected to and serves on the Board of Directors of the 31,000-member Society of Actuaries, is chair of their Audit and Risk Committee, and is on the steering committee (past vice-chair) of the Conference of Consulting Actuaries Public Plans Community. He is on the Faculty of the Society of Actuaries Fellowship Admission Course and has previously served as chair of the Enrolled Actuaries Meeting Program Committee, on the Conference of Consulting Actuaries Committee on Professionalism, and on the Public Pensions Subcommittee of the American Academy of Actuaries.
He graduated from Whitman College with a BA in Mathematics.