HST610 - Pensions and Benefits

Outline information
Schools offering this subject
Last revision date Dec 21, 2020 9:21:25 AM
Last review date Dec 23, 2020 10:28:35 AM

Subject Title
Pensions and Benefits

Subject Description
The purpose of this course is to examine the design and administration of employee pensions and benefits. Students will evaluate pension and benefit design choices in light of the organization's goals and objectives for their total compensation program. Equally important is the interdependence of government, employer and employee sponsorship of pension and benefit plans. How these three stakeholders work together to provide protection against loss of income, as well as deferred retirement savings will be reviewed. The course will also explore the significant impact that social and legislative issues have on pension and benefits plan design, communications and administration.

Credit Status
One credit.

Learning Outcomes
Upon successful completion of this subject the student will be able to:

  1. Assess pension and benefit design to determine the fit/gap with the organization’s total compensation goals and objectives.
  2. Analyze the level of employees’ perceived value of pension and benefit administration.
  3. Contrast benefit and pension plans sponsored by the government, employers and employees to understand each stakeholder’s viewpoint.
  4. Design an employer sponsored benefit plan to meet company, employee and government viewpoints.
  5. Discuss current issues in benefit and pension plan design and administration to identify competitive market practices and challenges.
  6. Assess a company’s pension and benefit plan to determine employer coverage sustainability.

Essential Employability Skills

    •  Communicate clearly, concisely and correctly in the written, spoken and visual form that fulfils the purpose and meets the needs of the audience.

    •  Respond to written, spoken, or visual messages in a manner that ensures effective communication.

    •  Use a variety of thinking skills to anticipate and solve problems.

    •  Manage the use of time and other resources to complete projects.

    •  Take responsibility for one's own actions, decisions, and consequences.

Academic Integrity
Seneca upholds a learning community that values academic integrity, honesty, fairness, trust, respect, responsibility and courage. These values enhance Seneca's commitment to deliver high-quality education and teaching excellence, while supporting a positive learning environment. Ensure that you are aware of Seneca's Academic Integrity Policy which can be found at: http://www.senecacollege.ca/about/policies/academic-integrity-policy.html Review section 2 of the policy for details regarding approaches to supporting integrity. Section 2.3 and Appendix B of the policy describe various sanctions that can be applied, if there is suspected academic misconduct (e.g., contract cheating, cheating, falsification, impersonation or plagiarism).

Please visit the Academic Integrity website http://open2.senecac.on.ca/sites/academic-integrity/for-students to understand and learn more about how to prepare and submit work so that it supports academic integrity, and to avoid academic misconduct.

All students and employees have the right to study and work in an environment that is free from discrimination and/or harassment. Language or activities that defeat this objective violate the College Policy on Discrimination/Harassment and shall not be tolerated. Information and assistance are available from the Student Conduct Office at student.conduct@senecacollege.ca.

Accommodation for Students with Disabilities
The College will provide reasonable accommodation to students with disabilities in order to promote academic success. If you require accommodation, contact the Counselling and Accessibility Services Office at ext. 22900 to initiate the process for documenting, assessing and implementing your individual accommodation needs.