Pension Scheme Design Fundamentals Training Course

Pension Scheme Design Fundamentals Training Course

Foundation | 5 days | Face to Face / Online / Elearning | Certificate
01

Course Overview

Course Summary
Course Title Pension Scheme Design Fundamentals Training Course
Organization Tech For Development (T4D)
Venue Tech For Development (T4D) Training Centre
Duration 5 days
Target Industries
Target Job Roles
Course Fees (Face-to-Face) USD 1,500/KES 99,000 (Exclusive of VAT)
Course Fees (Virtual) USD 1,000/KES 70,000 (Exclusive of VAT)
Training Modes Virtual and face-to-face training
Payment Payment should be made to the Tech For Development (T4D) bank account on or before the start of the course
Accreditation Tech For Development Certificate of Course Completion

Course Overview

This 5-day training course offered at T4D is a comprehensive introduction to designing and managing pension schemes. It covers key principles, methodologies, and best practices for creating effective pension plans that meet organizational and employee needs. Participants will learn about various types of pension schemes, actuarial valuation techniques, regulatory requirements, and risk management strategies. The course includes hands-on projects and case studies to apply the concepts in real-world scenarios.

Course Duration

5 Days

Target Audience

  • HR professionals involved in pension plan administration
  • Pension fund managers and trustees
  • Actuaries and financial analysts
  • Benefits consultants
  • Employees involved in designing or evaluating pension schemes

Organizational Impact

  • Improved ability to design and implement cost-effective and sustainable pension schemes
  • Enhanced compliance with regulatory requirements and industry standards
  • Better management of pension plan risks and funding strategies
  • Increased employee satisfaction and retention through well-designed benefits
  • More informed decision-making regarding pension scheme modifications and management

Personal Impact

  • Enhanced understanding of pension scheme design and management principles
  • Practical skills in actuarial valuation and risk assessment
  • Ability to design pension schemes that align with organizational goals and employee needs
  • Improved career prospects in HR, finance, and pension management
  • Increased confidence in handling pension-related decisions and consultations

Course Objectives

  • Understand the fundamental concepts of pension scheme design
  • Learn about different types of pension schemes and their features
  • Gain skills in actuarial valuation and funding strategies
  • Familiarize with regulatory requirements and compliance issues
  • Develop the ability to design and manage pension schemes effectively
  • Apply knowledge through practical case studies and real-life projects
02

Course Modules

Course Outline

Module 1: Introduction to Pension Schemes

  • Overview of pension schemes: defined benefit vs. defined contribution
  • Key components and design considerations
  • Benefits and challenges of different pension schemes
  • Case Study: Designing a basic pension scheme for a mid-sized organization

Module 2: Actuarial Valuation and Funding Strategies

  • Principles of actuarial valuation for pension schemes
  • Funding methods: pay-as-you-go vs. funded schemes
  • Calculating pension liabilities and contributions
  • Project: Conducting an actuarial valuation for a sample pension plan

Module 3: Regulatory Requirements and Compliance

  • Key regulatory frameworks and standards (e.g., ERISA, Solvency II)
  • Compliance requirements for pension schemes
  • Reporting and disclosure obligations
  • Case Study: Reviewing and ensuring compliance for an existing pension scheme

Module 4: Risk Management in Pension Schemes

  • Identifying and assessing risks in pension schemes
  • Risk mitigation strategies and techniques
  • Managing investment risks and funding deficits
  • Project: Developing a risk management plan for a pension scheme with potential funding issues

Module 5: Advanced Topics and Practical Application

  • Emerging trends in pension scheme design (e.g., hybrid schemes, ESG considerations)
  • Practical considerations for pension scheme implementation and management
  • Final project: Comprehensive design and assessment of a new pension scheme for a hypothetical organization, incorporating all elements covered during the course

 

03

Course Administration

Methodology

Instructor-led sessions use a blended learning approach combining presentations, guided practical exercises, web-based tutorials, and group work, delivered by seasoned industry experts. All facilitation and course materials are in English, so participants should be reasonably proficient in the language.

Accreditation

Upon successful completion of this training, participants will be issued a Tech For Development Certificate of Course Completion

Training Venue

The training will be held at the Tech For Development Training Centre. The course fee covers the course tuition, training materials, two break refreshments, and lunch. All participants will additionally cater to their travel expenses, visa application, insurance, and other personal expenses.

Accommodation & Airport Transfer

Arranged upon request.For reservations contact the Training Officer:
Email: [email protected]
Phone: (+254) 790 824 179

Tailor-Made

This training can also be customized to suit the needs of your institution upon request. You can have it delivered in our T4D Training Centre or at a convenient location.

Payment

Payment should be transferred to the T4D account through a bank on or before the start of the course. Send proof of payment to [email protected].

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Kigali
Addis Ababa
Kuala Lumpur
Accra
Cairo
Pretoria
Cape Town
Johannesberg
Zanzibar
Arusha
Kisumu
Dubai
Mombasa
Nairobi
Nakuru
Machakos
Naivasha
Kampala