2019 Board Member Candidate
William B. Fornia, FSA 1986, MAAA, EA, FCA
Pension Trustee Advisors
Greenwood Village, CO
I’ve had a terrific career as an actuary working for great companies and on my own. I’ve met hundreds of actuaries from the US and around the world. The caliber of those in our profession is outstanding and I want to continue to give back significantly to an exceptional collection of professionals.
I’ve been on the board for three years and want to keep up the momentum of working with a great team and solid, important organization. I’m currently chair of the board’s International Committee and understand the critical importance of our growing presence outside of US and Canada, where more than 20% of our members and candidates reside and practice. Another key area where I’ve contributed is in focusing on the future of the actuarial profession and opportunities for actuaries. Our profession has changed tremendously in my forty years, and is sure to change even more in the next decade. Artificial Intelligence, for example, is a threat and an opportunity for us. We need to get it right to maintain and enhance the value of our profession.
Brief description of current work:
I consult on US state and local government pensions. My clients range from the largest (over $100 billion) and smallest (under $1 million) plans, to the states and cities which sponsor the plans, to unions representing the workers in those plans, and the banks and insurers who lost billions in the Detroit and Stockton bankruptcies. I do a considerable amount of expert witness work including testifying in court, and to US state legislatures.
Primary Area(s) of Practice:
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. His forty-year professional expertise is in the analysis, design and modeling of postretirement employee benefits (pensions and health), particularly with respect to US public sector employees.
A frequent speaker, Mr. Fornia has testified before legislative and judicial bodies in fifteen states. He serves his clients as expert witness and has testified in Federal Court. Mr. Fornia has written papers on pension and retiree health issues and has been interviewed by various periodicals on pension issues. He has served public sector clients in thirty-four states, Guam and Puerto Rico, and has consulted on retirement issues involving seven of the ten largest US cities.
Mr. Fornia 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 elected to and serves on the Board of Directors of the Society of Actuaries, is chair of their International Committee, and is on the faculty of their Fellowship Admission Course. He is on the steering committee (past vice-chair) of the Conference of Consulting Actuaries Public Plans Community and has previously served as chair and vice-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 Bachelor of Arts degree in Mathematics (1980).
I married an actuary who switched careers to psychotherapy. We have two grown sons in technical professions. We love skiing and travelling.