ACTU 404: Pensions and Social Security


To make students aware of the environment of effective social security system and pension and employee benefit schemes. The theory and practice of social security and state, occupational and personal pension plan funding. Features of the main employee benefit schemes, principles of financing, including asset and liability relationships. Legislative framework on retirement and various benefit schemes. Tax management, economic and demographic factors, accounting for pension cots, valuation data collection, analysing experience, valuing liabilities and assets, calculating contribution rates; choice and management of assets.