FACULTY OF SCIENCES
ACTUARIAL
Course Name   Pension Systems (Elective)
Semester Course Code Theoretical / Practice time ECTS
8 2717821 2 / 0 4
Course Degree Bachelor's degree
Course Language Turkish
Format of Delivery: Face to Face
Course Coordinator Prof. Dr. Mehmet Fedai KAYA
Coordinator e-mail fkaya selcuk.edu.tr
Instructors
Asistant Instructors
Course Objectives To inform students about pension plans and actuarial calculations of defined benefit pension plans
Basic Sciences Engineering Scinces Social Sciences Educational Sciences Artistic sciences Medical Science Agricultural sciences
50 50 0 0 0 0 0
Course Learning Methods and Techniquies
Week Course Content Resource
1 Types of Pension Plans , Actuarial Valuation Aitken, W.H., A Problem Solving Approach to Pension Funding and Valuation, Actex Publications, Inc., 1996.
2 Multiple Decrement Table Aitken, W.H., A Problem Solving Approach to Pension Funding and Valuation, Actex Publications, Inc., 1996.
3 Construction of Single Decrement Table from Multiple Decrement Table, Construction Aitken, W.H., A Problem Solving Approach to Pension Funding and Valuation, Actex Publications, Inc., 1996.
4 Present Values of Contribution Made into Pension Fund and Payments Made from Pension Fund: Present Value of Employee Contributions, Present Value of Employer Contributions Aitken, W.H., A Problem Solving Approach to Pension Funding and Valuation, Actex Publications, Inc., 1996.
5 Present Value of Retirement Benefit , Present Value of Disability Benefit, Present Value of Death Benefit Aitken, W.H., A Problem Solving Approach to Pension Funding and Valuation, Actex Publications, Inc., 1996.
6 Present Value of Lump Sum Payable in Retirement, Present Value of Withdrawal Benefit Neill, A., Life Contingencies-Special Addition for Sale to the Institute of Actuaries and Members or Students of the Faculty of Actuaries, Scotland, 1989.
7 Cost Methods Used in Defined Benefit Pension Plans, Individual Methods:Traditional Unit Credit, Projected Unit Credit Neill, A., Life Contingencies-Special Addition for Sale to the Institute of Actuaries and Members or Students of the Faculty of Actuaries, Scotland, 1989.
8 -Entry Age Normal, Individual Level Premium Anderson, A.W., Pension Mathematics for Actuaries, Actex Publications, USA., 1992
9 Aggregate Methods: Individual Aggregate, Aggregate Anderson, A.W., Pension Mathematics for Actuaries, Actex Publications, USA., 1992
10 Midtern Exam
11 Frozen Initial Liability, Aggregate Entry Age Normal Sharp, K.P., Pension Mathematics for Actuaries, Commentary and Solution, Actex Publications, 2001.
12 Retirement Options Sharp, K.P., Pension Mathematics for Actuaries, Commentary and Solution, Actex Publications, 2001.
13 Assets Sharp, K.P., Pension Mathematics for Actuaries, Commentary and Solution, Actex Publications, 2001.
14 Pension Fund Balance Sheet Sharp, K.P., Pension Mathematics for Actuaries, Commentary and Solution, Actex Publications, 2001.
15 Preparation for Final Exam Aitken, W.H., A Problem Solving Approach to Pension Funding and Valuation, Actex Publications, Inc., 1996. Neill, A., Life Contingencies-Special Addition for Sale to the Institute of Actuaries and Members or Students of the Faculty of Actuaries, Scotland, 1989. Anderson, A.W., Pension Mathematics for Actuaries, Actex Publications, USA., 1992 Sharp, K.P., Pension Mathematics for Actuaries, Commentary and Solution, Actex Publications, 2001.
Assesment Criteria   Mid-term exam Final exam
  Quantity Percentage Quantity Percentage  
Term Studies : - - - -
Attendance / Participation : - - - -
Practical Exam : - - - -
Special Course Exam : - - - -
Quiz : - - - -
Homework : - - - -
Presentations and Seminars : - - - -
Projects : - - - -
Workshop / Laboratory Applications : - - - -
Case studies : - - - -
Field Studies : - - - -
Clinical Studies : - - - -
Other Studies : - - - -
Mid-term exam   1 40 - -
Final exam   - - 1 60
ECTS WORK LOAD TABLE   Number Duration
Course Duration : 14 2
Classroom Work Time : 14 4
Presentations and Seminars : - -
Course Internship : - -
Workshop / Laboratory Applications : - -
Field Studies : - -
Case studies : - -
Projects : - -
Homework : - -
Quiz : - -
Mid-term exam : 1 16
Final Exam : 1 20
ECTS 4
No COURSE LEARNING OUTCOMES CONTRIBUTION
D.Ö.Ç. 1 Learn cost methods used in defined benefit pension plansLearn cost methods used in defined benefit pension plans 4
D.Ö.Ç. 2 Construct multiple decrement tables and single decrement tables from these and multiple decrement tables from single decrement tables 3
D.Ö.Ç. 3 Calculate present values of incomes and outgoes of a pension fund 4
D.Ö.Ç. 4 Get knowledge about types of pension plans and methods used to amortize unfunded actuarial liabilities 3
* 1: Zayıf - 2: Orta - 3: İyi - 4: Çok İyi
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