Courses
MATH4836 Theory of Pension (3 units)
- Prerequisite:
- MATH2805 Mathematics of Compound Interest, MATH3837 Actuarial Mathematics and MATH4827 Actuarial Mathematics II
- Co-requisite:
- MATH4827 Actuarial Mathematics II
Overview of pension plans: design, funding, regulation, accounting standards. Pension funding methods: actuarial cost methods, terminal funding method. Individual actuarial cost methods: accrual benefit cost method, entry-age actuarial cost method, unit-credit method, individual-level-premium method, attainted-age-normal method. Group actuarial cost methods.