It is estimated that just under 100,000 Jamaicans contribute to a pension scheme or approved retirement plan. Assume you work for a pension providing institution in Jamaica and your company was asked to make a presentation to both management and staff of the inviting company about pension options your company offers as they are considering facilitating pensions for their employees. You are required to submit a detailed written report discussing the information to be presented to the company and make a 20- minute presentation. The information should include at a minimum should include: A. Industry Analysis analysis of pension industry in Jamaica B. Entity Qualitative Analysis brief overview of the nature of the entity selected; including product lines, business risks, financial risk etc; strategic plans, SWOT analysis, etc. c. Other Discussion Defined benefit vs Defined contribution plan (1) Relevant pension legislation in Jamaica (iii) Eligibility requirements (iv) Forms of Payment (w) Benefits and contributions limits (vi) Role of actuaries in pension schemes D. Discuss five (5) benefits of being part of a pension scheme you would tell the employees E. Recommend three (3) ways in which you could increase the number of pension contributors in Jamaica. 1 It is estimated that just under 100,000 Jamaicans contribute to a pension scheme or approved retirement plan. Assume you work for a pension providing institution in Jamaica and your company was asked to make a presentation to both management and staff of the inviting company about pension options your company offers as they are considering facilitating pensions for their employees. You are required to submit a detailed written report discussing the information to be presented to the company and make a 20- minute presentation. The information should include at a minimum should include: A. Industry Analysis analysis of pension industry in Jamaica B. Entity Qualitative Analysis brief overview of the nature of the entity selected; including product lines, business risks, financial risk etc; strategic plans, SWOT analysis, etc. c. Other Discussion Defined benefit vs Defined contribution plan (1) Relevant pension legislation in Jamaica (iii) Eligibility requirements (iv) Forms of Payment (w) Benefits and contributions limits (vi) Role of actuaries in pension schemes D. Discuss five (5) benefits of being part of a pension scheme you would tell the employees E. Recommend three (3) ways in which you could increase the number of pension contributors in Jamaica. 1
