Pensions and Retirement Training Course on Designing Retirement Benefit Structures
Master Pensions Retirement Training with expert training. 10 Days course with certification. Comprehensive training program. Online & in-person. Enroll now!
Pensions And Retirement Courses10 DaysCertificate Included
Duration
10 Days
Mode
Online & Physical
Certificate
Included
Language
English
Course Overview
This course equips pension professionals with the knowledge and skills to design, evaluate, and implement retirement benefit structures that are sustainable, equitable, and aligned with organizational objectives and member needs. Participants will explore traditional and modern pension schemes, benefit formulas, funding implications, and risk-sharing mechanisms. The course combines actuarial, financial, and regulatory perspectives to ensure retirement benefits are competitive, cost-effective, and compliant.
Secure enrollment • Professional certificate included
Learning Objectives
By the end of this course, participants will be able to:
Understand various retirement benefit structures and their suitability for different member groups.
Design defined benefit (DB), defined contribution (DC), and hybrid schemes.
Evaluate the financial and actuarial implications of benefit designs.
Assess regulatory, tax, and compliance considerations in benefit structuring.
Develop strategies for sustainable and risk-adjusted pension offerings.
Course Content
Module 1: Introduction to Retirement Benefit Structures Overview of retirement benefit types: DB, DC, hybrid, cash balance Objectives of retirement benefit design for members and employers Global trends and innovations in pension structures Evaluating sustainability, risk-sharing, and member adequacy Case study: Comparative analysis of pension structures across sectors Module 2: Defined Benefit (DB) Plan Design DB plan formulas: final salary, career average, point-based systems Pension accrual, vesting, and indexing methods Funding requirements and actuarial assumptions Managing longevity, mortality, and interest rate risks Exercise: Designing a DB scheme for a mid-sized workforce Module 3: Defined Contribution (DC) Plan Design Contribution structures, investment choices, and risk allocation Retirement income projection and member education Fee structures and administrative efficiency Enhancing member engagement and plan participation Workshop: Designing a DC plan with flexible contribution options Module 4: Hybrid and Innovative Pension Structures Combining DB and DC features in hybrid plans Cash balance plans and guaranteed minimum benefits Risk-sharing mechanisms and longevity hedging Evaluating member and sponsor preferences for hybrid designs Case study: Successful hybrid pension schemes in multinational organizations Module 5: Regulatory and Compliance Considerations Pension law, tax implications, and contribution limits Fiduciary responsibilities in benefit design Reporting and disclosure requirements for retirement plans Ensuring adherence to local and international standards Practical: Reviewing a retirement plan against regulatory compliance checklist Module 6: Actuarial and Financial Analysis for Benefit Design Valuation of liabilities under different benefit structures Discount rate selection, inflation, and longevity assumptions Sensitivity analysis and scenario modeling Funding and solvency implications for DB and hybrid plans Exercise: Conducting a simple actuarial valuation for a new plan Module 7: Risk Management in Retirement Benefit Structures Identifying and mitigating longevity, investment, and operational risks Hedging strategies and risk transfer solutions Stress testing benefit structures under adverse scenarios Integrating risk management into plan governance Workshop: Designing a risk-adjusted benefit structure Module 8: Member-Centric Benefit Design Assessing member demographics and retirement needs Tailoring benefit options to different workforce segments Communication strategies for transparent plan information Incorporating flexibility and portability for mobile employees Exercise: Developing member personas and benefit design recommendations Module 9: Cost Analysis and Funding Strategy Estimating employer and member costs under different structures Funding policies for DB and hybrid plans Investment strategy alignment with benefit obligations Scenario planning for contribution stability and affordability Practical: Modeling contribution requirements for a proposed plan Module 10: Implementing and Reviewing Retirement Benefit Structures Plan rollout strategies and member education programs Monitoring plan performance and actuarial reviews Benchmarking and continuous improvement of benefit offerings Lessons learned from global pension design best practices Group project: Designing a comprehensive retirement benefit structure for a hypothetical organization
Who Should Attend
Pension Fund Designers, Actuaries, Fund Managers, HR and Compensation Specialists, Trustees, Financial Analysts, and Consultants involved in retirement plan design and management.
