This one-hour webinar delivers an introduction to pension plans. It will empower HR Professionals and attendees will benefit from an overview of the many elements of employer-sponsored pension plans.
Objectives:
- Differences between defined benefit and defined contribution types of pension and savings plans, and what these mean for employers and employees
- What’s behind pension design and basic plan features, such as pensionable earnings, pensionable service, benefit formulas, and employee and employer contribution rates
- The basics of pension governance
- The basics of pension legislation, provincial and federal
- How pension plans are funded
- The basics of plan assets and investments
- The role of an actuary in a defined benefit pension plan
- Termination vs. Retirement benefits
- Timing of retirement, early, normal, late, and implications for employers
Who should attend this program?
- Human Resources professionals who are new to employer-sponsored pension plans
- Employees who are starting out in the field of pension administration or pension consulting
Registration Difficulties/Questions: Please reach out to the Professional Development team at Professionaldevelopment@hrpa.ca