FINA 2316 Defined Benefits

4.5 - 0.0 - 4.5

Prerequisite

None

Course Description

The course examines the characteristics and administration of defined benefits retirement plans. It offers a discussion of the differences between defined benefit and defined contribution plans as well as the influences affecting usage of such plans. The course gives special emphasis to the funding constraints of defined benefit plans, actuarial-based costing approaches, and financial reporting requirements. The course covers the investment techniques, funding arrangements, and termination insurance used by defined benefits plans. It also covers an examination of newer hybrid plan structures, early retirement incentive programs, and executive retirement arrangements.