EMP402 - Retirement Income Programs 1

Outline info
Last revision date 2018-07-20 13:30:21.76
Last review date 2018-07-20 13:30:39.611

Subject Title
Retirement Income Programs 1

Subject Description
This subject emphasizes the concepts and principles on employer-sponsored retirement programs. The topics include the challenges facing individuals in preparing for retirement, the role and impact of employer-sponsored programs, the legislative environment in which they operate, the various types of programs available and the advantages and disadvantages of each, design considerations and issues relating to administration, communication, financial and investment management of plan assets for multi-employer plans and single employer plans.

Credit Status
One full credit.

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

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

1. Describe  a basic view of the Canadian Retirement Savings Programs and the principles and techniques that are the foundation for understanding Retirement Savings plan management.

2. Identify the broad spectrum of activities required for plan design, funding and administration.

3. Analyse and demonstrate the plan sponsor responsibilities in who and how plan decisions are made, legislative requirements that may apply and vary by type of plan sponsor and other factors.

4. Examine and analyse the concepts and techniques involved in meeting Income Tax and Pension Benefit Legislation requirements in the design and administration of these plans.

5. Describe and demonstrate how an employer determines its retirement savings objectives as part of its total rewards philosophy/strategy.

6. Describe the type and level of savings/pensions to be provided, whether participation is voluntary whether there are employee contributions.

7. Define and assess the funding decisions tied to the financial risk and liability associated with the plans to be provided.

8. Examine the requirements of on-going plan administration and communication to successfully implement and manage the retirement savings programs.

9. Discuss the fundamental principles and basic calculations that form an integral component of retirement savings programs.

10. Examine and analyse the necessity of periodic reviews of the plan design, the appropriateness and competitiveness of the funding methods and other financial arrangements and services provided.

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.

Locate, select, organize, and document information using appropriate technology and information systems.

Analyze, evaluate, and apply relevant information from a variety of sources.

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

Cheating and Plagiarism
Each student should be aware of the College's policy regarding Cheating and Plagiarism. Seneca's Academic Policy will be strictly enforced.

To support academic honesty at Seneca College, all work submitted by students may be reviewed for authenticity and originality, utilizing software tools and third party services. Please visit the Academic Honesty site on http://library.senecacollege.ca for further information regarding cheating and plagiarism policies and procedures.

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 Disabilities Services Office at ext. 22900 to initiate the process for documenting, assessing and implementing your individual accommodation needs.


Topic Outline

  1. Canada’s Retirement Income Programs
  2. Registered Pension Plans
  3. Non-RPP Registered Plans
  4. Income Tax Act Regulation
  5. Pension Standards Legislation
  6. Overview of Governance
  7. Funding Methods and Policy
  8. Financial Accounting of Plan Assets
  9. Investment Management
  10. Special Provisions: Multi-Employer Pension Plans
  11. Special Situations: Plan Terminations
  12. Special Situations: Surplus and Reorganizations
  13. Nonregistered Plans

Mode of Instruction
A combination of teaching methods will be utilized which may include lectures, case studies, discussions, group and individual work.

Prescribed Texts
Study materials for CEBS courses are available from Books for Business in Toronto. 

  • Learning Guide (2nd edition)
  • Text: The Morneau Shepell Handbook of Canadian Pension and Benefit Plans (15th edition), by Whiston and Gottlieb, CCH Canadian Limited, North York, Ontario, 2013
  • Readings Update
See Study Materials for details on how to order study materials.

Enrichment Reading:

Canadian Pensions and Retirement Income Planning
Financial Education for Today's Workforce: 2014 Survey Results
Group Benefits Plan Management
How Much is Enough: Balancing Today's Needs with Tomorrow's Retirement Goals
A Practical Guide to Private Pension Plans
Retirement in Canada
The Real Retirement

Reference Material

Required Supplies

Promotion Policy

Grading Policy
A+ 90%  to  100%
A 80%  to  89%
B+ 75%  to  79%
B 70%  to  74%
C+ 65%  to  69%
C 60%  to  64%
D+ 55%  to  59%
D 50%  to  54%
F 0%    to  49% (Not a Pass)
EXC Excellent
SAT Satisfactory
UNSAT Unsatisfactory

For further information, see a copy of the Academic Policy, available online (http://www.senecacollege.ca/academic-policy) or at Seneca's Registrar's Offices.

Modes of Evaluation
Assignments are due on the dates specified. Should extenuating circumstances arise, please contact your instructor immediately, prior to when your assignment is due, so an appropriate course of action can be established. Late assignments may be subject to a penalty of up to 10% per week and will not generally be accepted beyond two weeks after the assignment due date.

In cases of cheating or plagiarism, the College Academic Policy will prevail. Please ensure that all assignments and reports are properly documented.

Students are referred to the following web site for the Seneca College Library MLA Style Guides, Academic Honesty Policy and Copyright guidelines:


Dates for evaluations are specified in the weekly schedule addendum to this outline. The evaluation process may include, but is not limited to, tests, exams, assignments or presentations. Any absences or missed submissions due to medical or other reasons must be supported by medical or other appropriate documentation within one (1) week of the due date. The faculty and program area must be notified immediately in the even of a missed evaluation. Upon acceptance of the documentation, the weighting of the missed deliverable will normally be applied to the final exam.

English Competency:

The ability to communicate effectively is essential for success in business. Therefore, you must demonstrate English competency in this course in both oral and written work. Ensure your written work includes correct sentence structure, spelling and punctuation. Always spell check, edit and proofread your work.

Grading is based on the following marking scheme:


Term Tests 35%
Case Studies 20%
Final Exam 45%

Please retain this course outline document for future educational and/or employment use.

Program Co-ordinator
Keith Chapin

Approved by: Jeff McCarthy