Employee Benefits Actuary (retirement)

2 sequenced courses

RET 101
Retirement Plan Design ▼
  • Benefit Plan Structure, Features and Investments: The candidate will understand how to analyze different types of retirement plans and retirement plan investments.
  • Participant Risks: The candidate will understand how to analyze the risks faced by retirees and the participants of retirement plans.
  • Sponsor Risks: The candidate will understand how to analyze the risks faced by sponsors of retirement plans.
  • Benefit Plan Design Recommendation: The candidate will understand how to evaluate sponsors’ goals for the retirement plan, evaluate alternative plan types and features, and recommend a plan design appropriate to address those goals.
RET 201
Retirement Plan Valuation ▼
  • Assumes knowledge from RET 101
  • Methods: The candidate will understand how to apply/synthesize the methods used to value pension benefits for various purposes.
  • Actuarial Assumptions: The candidate will understand how to analyze/synthesize the factors that go into selection of actuarial assumptions used in pension valuations.
  • Accounting Standards: The candidate will understand how to perform valuations and prepare disclosure information for retirement income plans under applicable accounting standards.
  • Investment Risk Management: The candidate will recognize and appropriately reflect the role of retirement plan investments in managing plan sponsor risk and make recommendations.
  • Funding Policy: The candidate will understand the general principles applicable to the funding of retirement income plans and recommend a funding policy.

2 additional courses

GH 101
Benefits and Pricing ▼
  • Plan & Product Provisions: The candidate will understand how to describe plan provisions typically offered under short-duration contracts (medical, dental, vision, prescription drug, group life).
  • Manual Rates: The candidate will understand how to calculate and recommend a manual rate for each of the contracts described in Learning Objective 1.
  • Underwriting & Funding: The candidate will understand how to apply principles of pricing, risk assessment, and funding to an underwriting situation.
  • Employee Benefits: The candidate will understand how to evaluate and recommend an employee benefit strategy.
GH 201-U
Valuation and Regulation, U.S. ▼
  • Assumes knowledge from GH 101
  • Reserving: The candidate will understand how to apply valuation principles for short duration group and health insurance contracts.
  • Financial Statements: The candidate will understand how to prepare and interpret insurance company financial statements in accordance with Statutory Accounting Standards and GAAP.
  • Regulation: The candidate will understand how to evaluate the impact of regulation on insurance companies and plan sponsors in the US.
  • Flow of Funds: The candidate will understand how to describe the flow of funds in the health care system and the role of providers in the system.
  • Government Programs: The candidate will understand how to describe government programs providing health benefits in the US.
or
GH 201-C
Valuation and Regulation, Canada ▼
  • Assumes knowledge from GH 101
  • Reserving: The candidate will understand how to apply valuation principles for group and health insurance contracts.
  • Financial Statements: The candidate will understand how to prepare and interpret insurance company financial statements in accordance with IFRS.
  • Regulation & Taxation: The candidate will understand how to evaluate the impact of regulation and taxation on insurance companies and plan sponsors in Canada.
  • Flow of Funds:  The candidate will understand how to describe the flow of funds in the health care system and the role of providers in the system.
  • Government Programs:  The candidate will understand how to describe and evaluate government programs providing health and disability benefits in Canada.