FAK 2631 Public occupational pensions

FAK 2631 Public occupational pensions

Course code: 
FAK 2631
Department: 
Law and Governance
Credits: 
7.5
Course coordinator: 
Ina Due-Tønnessen
Course name in Norwegian: 
Offentlig tjenestepensjon
Product category: 
Executive
Portfolio: 
Course in Insurance
Semester: 
2018 Spring
Active status: 
Active
Level of study: 
Bachelor
Teaching language: 
Norwegian/English
Course type: 
One semester
Introduction

The course is primarily intended for employees working with pension schemes which manage public occupational pension schemes. The course will also be of interest for others working with pension-related issues in the public sector, for instance employee representatives, advisers within the pension area and people with personnel responsibility within the public sector.

Learning outcomes - Knowledge

The aim of the course is to ensure solid basic competence for consultants and others dealing with e occupational pensions for employees in the public sector. After the course the students shall have knowledge of the rules as they are today and knowledge of the expected amendments They shall also be aware of the particular circumstances associated with public occupational pensions.

 

Learning outcomes - Skills

They shall be able to establish rights and duties for customers and members of the pension schemes, be familiar with the main rules for harmonization and be able to calculate the specific benefits
 

Learning Outcome - Reflection

During the course the students are expected to become conscious of the fact that the choices they make and the advice they give in their profession are very important for other people.

Course content

Public occupational pensions in a larger perspective
Legal basis and history

Description of the market

Essential framework for life insurance, group pension scheme and pension funds
Norwegian Public Service Pension Fund Act
Insurance business Act
National Insurance Act
Harmonization Act
The Government’s Basic Collective Agreement
The Basic Collective Agreement for the Municipalities

The National Insurance
Development of the National Insurance – old and new scheme
Benefits – terms and calculation
The motives for the pension reform and duration of life adjustment

Public Pension – membership and benefits
Membership criteria
The transfer agreement
Benefits
Disability pension
Old-age pension
Early retirement
Spouse/cohabitant pension
Child’s pension
Special age limits
Taxation rules

Economics
Life insurance technique
Cash position and accounts – cost calculations
Premium rating and pension cost, premium variance
Management of pension assets
Accountancy according to various accounting standards

Learning process and requirements to students

Part-time
The course is conducted as E-Learning with self-tuition and voluntary assignments. Intensive teaching in a four-day session, attendance is compulsory.

Software tools
No specified computer-based tools are required.
Qualifications

Higher Education Entrance Qualification

Required prerequisite knowledge

The course is designed to provide a good basic knowledge of the public pension area. It is therefore not necessary with prior knowledge apart from knowledge of the main differences between the various occupational pension schemes.

Exam categoryWeightInvigilationDurationSupport materialsGroupingComment exam
Exam category:
Submission
Form of assessment:
Written submission
Exam code:
FAK 26311
Grading scale:
ECTS
Grading rules:
Internal and external examiner
Resit:
Examination when next scheduled course
100Yes4 Hour(s)
  • Simple calculator
  • Booklet: Lov- og dokumentsamling til kurs i offentlige tjenestepensjoner, utgitt av BI
Individual An individual four-hour written exam concludes the course.
Exams:
Exam category:Submission
Form of assessment:Written submission
Weight:100
Invigilation:Yes
Grouping (size):Individual
Support materials:
  • Simple calculator
  • Booklet: Lov- og dokumentsamling til kurs i offentlige tjenestepensjoner, utgitt av BI
Duration:4 Hour(s)
Comment:An individual four-hour written exam concludes the course.
Exam code:FAK 26311
Grading scale:ECTS
Resit:Examination when next scheduled course
Exam organisation: 
Ordinary examination
Total weight: 
100
Student workload
ActivityDurationComment
Prepare for teaching
10 Hour(s)
Preperations for lectures
Teaching
28 Hour(s)
Participation in intensive teaching 4
Student's own work with learning resources
102 Hour(s)
Work on syllabus
Group work / Assignments
30 Hour(s)
Exercises/activties on its learning
Submission(s)
26 Hour(s)
Do hand-ins (2)
Examination
4 Hour(s)
Exam
Sum workload: 
200

A course of 1 ECTS credit corresponds to a workload of 26-30 hours. Therefore a course of 7,5 ECTS credit corresponds to a workload of at least 200 hours.