DESCRIPTION OF CONTENTS: PROGRAM.
As for the content of the program itself, it has been structured in two parts. The first part introduces the basic concepts associated with social security (such as the concept of social security based on the system of the three pillars, the special regimes, the protective action, the main benefits of retirement, disability, survival and adaptation of pensions to economic variations). In addition, the individual and collective actuarial capitalization systems and the financial viability of the pay-as-you-go system are analyzed. In the second part the concept of social security is introduced, as well as the existing plans in Spain before and after the outsourcing, the financial regime, the profitability and the risk of the pension plans and funds are analyzed, as well as their capacity as a vehicle for externalization of labor pension schemes commitments.
The different methods of distributing the actuarial cost of a pension plan (accrual benefits method, projected benefits method) are then analyzed and concluded with the study of the impact of actuarial hypothesis changes in the cost of pension plans.
1.- The actuarial principle of collective equivalence.
2.- The actuarial financial systems.
2.1.- Pay As You Go System (Pure and stepped average installment).
2.2.- Coverage Capital Distribution System (Annual and Attenuated).
2.3.- Capitalization System (Individual and Collective).
3.- The public Social Security system in Spain, and its european and global context.
4- Protection of pension commitments assumed by companies with workers.
5.- The actuarial hypotheses: mortality tables, disability tables, technical interest rates, salary projections, inflation, management costs.
6.- Methods of actuarial cost evaluation in the actuarial financial system of capitalization.
6.1.- Concepts: total actuarial cost, actuarial liability, normal cost, supplementary cost.
6.2.- Method of accumulated benefits or accrued benefits.
6.3.- Method of projected benefits or projected benefits.
7. Actuarial practice using tools and statistical-mathematical models to perform in class.
8. Design of tools in Visual Basic applied to the management of pension schemes.
9. Plans and Pension Funds, and other instruments of the complementary systems of social welfare.