John P. Fayolle, an actuary who was founder and president of the pension-planning business Financial Security International, died of kidney failure Wednesday at Greater Baltimore Medical Center. The Towson resident was 77.
Mr. Fayolle was born and raised in Montreal and earned a bachelor's degree in mathematics from Laval University in Quebec in 1948.
He moved to Boston in 1959 when he joined Johnson & Higgins, an insurance company. He briefly worked for Manhattan Life Insurance Co. in New York, and took a position in 1964 as chief international actuary for Bristol-Myers. His duties included establishing a pension plan for the company's worldwide employees.
"His skills as a pension actuary were pressed into service when the City of New York faced bankruptcy in the middle-1970s. He served as a member of Mayor Abe Beame's Municipal Assistance Corp., which was charged with rehabilitating the city's financial structure," said his daughter, Sylvie L.F. Richards of New York.
In 1982, Mr. Fayolle moved to Towson when he established FSI, which designs pension plans.
He was an avid chess player.
Services were held yesterday.
In addition to his daughter, Mr. Fayolle is survived by his wife of 55 years, the former Claire Dufresne; two sons, John P. Fayolle Jr. and Peter M. Fayolle, both of New York; two brothers, Yvon Fayolle and Roger Fayolle, both of Montreal; three sisters, Claudette Nakashima, Suzanne Garnier and Michelle Fayolle, all of Montreal; and a granddaughter.