PENSION FUNDING [ LACTU2040 ]
5.0 crédits ECTS
30.0 h + 15.0 h
2q
| Teacher(s) |
Devolder Pierre ;
|
| Language |
French
|
Place
of the course |
Louvain-la-Neuve
|
| Main themes |
The purpose of the course is to provide students with basic skills to the funding principles of public and private pension scheme.
|
| Aims |
This course aims to familiarise students with the main principles that underpin public and private provident fund schemes (mainly social security and pension funds). A deep comparison between pay as you go and funding methods is presented. At the end of the course, the students must be able to establish the funding scheme of a pension.
|
| Content |
Content
The following topics will be developed:
1. Pension scheme
2. Elements of demography
3. General funding schemes
4. Basic concepts of social security
5. Fund of equilibrium
6. Pay as you go and defined contributions
7. Funding methods
8. Individual methods
9. Collective methods
10. Actuarial gain and loss
11. Accounting standards
Methods
In-class activities
X0 Lectures
X0 Exercices/PT
At home activities
X0 Exercices to prepare the lecture
X0 Paper work
|
| Other information |
Evaluation : Class participation and written examination, in French
Support : Slides provided through icampus
References : The course is based on the book : "le financement des régimes de retraites" (Pierre Devolder, Economica, Paris)
|
Cycle et année
d'étude |
> Master [120] in Mathematics
> Certificat d'université : Initiation à l'actuariat (15/20 crédits)
> Master [120] in Actuarial Science
> Master [120] in Mathematical Engineering
|
Faculty or entity
in charge |
> LSBA
|
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