Fall 2022 - ACMA 475 E100
Theory of Pension (3)
Class Number: 4598
Delivery Method: In Person
Overview of pension plans: design, funding, regulation, accounting standards. Pension funding methods: actuarial cost methods, terminal funding method. Individual actuarial cost methods: accrual benefit cost method, entry-age actuarial cost method, unit-credit method, individual-level-premium method, attainted-age-normal method. Group actuarial cost methods. Quantitative.
- Midterm 1 30%
- Midterm 2 50%
- Group Project 20%
All grading is subject to change.
Willis Towers Watson, Canadian Pensions and Retirement Income Planning, 6th ed, 2017, LexisNexis Canada
B. Whiston and J.G. Clooney, Morneau Shepell, Handbook of Canadian Pension and Benefit Plans, 16th ed, 2016, LexisNexis Canada
W. H. Aitken, A Problem Solving-Approach to Pension Funding and Valuation, 2nd Ed., 1996, ACTEX Publications.
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