Fall 2022 - ACMA 475 E100
Theory of Pension (3)
Class Number: 4598
Delivery Method: In Person
Overview
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Course Times + Location:
Sep 7 – Dec 6, 2022: Tue, 6:00–8:50 p.m.
Vancouver
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Instructor:
Glenn Smith
gss15@sfu.ca
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Prerequisites:
ACMA 301 (or 320), with a minimum grade of C. Corequisite: ACMA 401.
Description
CALENDAR DESCRIPTION:
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.
Grading
- Midterm 1 30%
- Midterm 2 50%
- Group Project 20%
NOTES:
All grading is subject to change.
Materials
RECOMMENDED READING:
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.
REQUIRED READING NOTES:
Your personalized Course Material list, including digital and physical textbooks, are available through the SFU Bookstore website by simply entering your Computing ID at: shop.sfu.ca/course-materials/my-personalized-course-materials.
Department Undergraduate Notes:
Students with Disabilities:
Students requiring accommodations as a result of disability must contact the Centre for Accessible Learning 778-782-3112 or caladmin@sfu.ca.
Tutor Requests:
Students looking for a tutor should visit https://www.sfu.ca/stat-actsci/all-students/other-resources/tutoring.html. We accept no responsibility for the consequences of any actions taken related to tutors.
Registrar Notes:
ACADEMIC INTEGRITY: YOUR WORK, YOUR SUCCESS
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