12th Grade Unit 5 : Member Benefit Events And Rules For Defined Contribution (Dc) Pension Schemes Lesson Plan Example (Pensions)

Topic: Member benefit events and rules for defined contribution (DC) pension schemes

"Topic: Member benefit events and rules for defined contribution (DC) pension schemes"

Objectives & Outcomes

• To understand the various annuity options available to DC members and the implications of their choices.
• To understand the implications of minimum retirement age under a DC scheme, especially in relation to the tax treatment of annuities and other benefits.
• To appreciate the different options available to members in flexibly accessing their DC pension benefits and the implications of each option.
• To understand the disclosure regulations and small-lump sum rules that apply to DC schemes.
• To understand the key features of early-leavers schemes and UFPLS in occupation DC schemes.
• To understand the different options for accessing a DC pension and their implications for the investment cycle, including drawdown options.
• To understand the key features and implications of defined-contribution (DC) pension schemes, including employer contributions, carry forward, MPAA and DC investment cycle.

Assessment:

• Term-end exam (50% of the overall mark)
• Term-end written assignment (50% of the overall mark)

Materials:

• Handouts on annuities, minimum retirement age, flexibly accessing a DC pension, disclosure regulations, small-lump sum rules, early-leavers schemes and UFPLS, employer contributions, carry forward, MPAA, drawdown options for dc schemes
• Calculator
• Note-taking materials
• DC scheme information (if available)

Personal Information

Name:

Student ID:

Date of Birth:

Gender:

Marital Status:

##ENGLISH LANGUAGE ACQUISITION (ELA)

 

LONG TERM GOAL

The long term goal of this unit is to help students gain better control of the English language through the development of their writing, speaking and listening skills.

In order to achieve this goal, students will be encouraged to participate in class discussions and debates and develop their writing skills through the completion of a variety of writing tasks.

SHORT TERM GOAL

The short term goal of this unit is to develop students' writing skills through the completion of a variety of writing tasks that focus on different aspects of the English language, such as:

• Grammar: Students will be exposed to different grammar rules and structures in English and be encouraged to apply these rules in their own writing.
• Vocabulary: Students will be encouraged to expand their vocabulary through the use of dictionaries and thesauruses.
• Organization: Students will be encouraged to develop their organizational skills by planning their writing effectively and structuring their work accordingly.
• Punctuation: Students will be exposed to the different rules and uses of punctuation in English and be encouraged to apply these rules in their own writing.
• Style: Students will be encouraged to develop their own writing style by being exposed to the different styles of writing and being encouraged to experiment with them.
• Proofreading: Students will be encouraged to proofread their own writing carefully in order to identify and correct any errors that they may have made.

CURRICULUM OVERVIEW

In Unit 5 of the English Language Program at the CAE, students will be introduced to some of the different types of pension schemes available in the private sector, including Defined Benefit (DB) and Defined Contribution (DC) pension schemes. Students will also be introduced to the various types of annuities that are offered by pension schemes and the different benefits, advantages and limitations associated with each type of annuity. Students will then be introduced to the Minimum Retirement Age under a DC pension scheme, as well as the tax implications of accessing pension funds before reaching the Minimum Retirement Age. Students will also be introduced to the Members Protection Fund and the protection it offers to members of pension schemes who experience problems with the management of their pension funds.

Students will also be introduced to the different disclosure regulations that apply to pension schemes and the penalties that may be imposed on the members or pension funds that do not comply with these regulations.

Students will be introduced to the small lump sums allowed in Occupational DB schemes and the reasons behind the allowance of these lump sums.

Students will also be introduced to the early leavers' provisions under a DB pension scheme and the different types of early leavers' benefits that may be offered by a pension scheme.

Students will be introduced to the UFPLS under a DB pension scheme and the different types of UFPLS that may be offered by a pension scheme.

Students will be introduced to the employer contributions towards a pension scheme and the different types of employer contributions that may be made towards a pension scheme.

Students will also be introduced to the carry forward provisions under a DB pension scheme and the different types of carry forward provisions that may be offered by a pension scheme.

Students will be introduced to the MPAA under a DC pension scheme and the different types of MPAA that may be offered by a pension scheme.

Students will be introduced to the drawdown options for DC pension schemes and the different types of drawdown options that may be offered by a pension scheme.

Students will be introduced to the investment cycle of a pension scheme and the different types of investments that may be made by a pension scheme.

TOPICS:

Module A: Member Benefit Events and Rules for Defined Contribution (DC) Pension Schemes

• Introduction to DC Pension Schemes
• Introduction to Defined Contribution Pension Schemes
• Introduction to Annuities and the Choices Available to DC Members
• Minimum Retirement Age under a DC Scheme
• Members Can Choose to Receive Their Annuity Monthly, Quarterly or Annually without This Afecting the Annuity Offered
• If a Member Flexibly Accesses More than 25% Tax Free Cash of Any DC, Annual Allowance, Escalation, Disclosure Regulations, Small Lump Sums in Occupation DC Schemes, Early Leavers, UFPLS, Employer Contributions, Carry Forward, MPAA, Drawdown Options for DC Schemes, DC Investment Cycle,

Module B: Annuities and the Choices Available to DC Members

• Introduction to Annuities and the Choices Available to DC Members
• Annuity Types and Their Features
• Annuity Types and Their Features
• Annuity Types and Their Features

CURRICULUM OVERVIEW

In Unit 5 of the English Language Program at the CAE, students will be introduced to some of the different types of pension schemes available in the private sector, including Defined Benefit (DB) and Defined Contribution (DC) pension schemes. Students will also be introduced to the various types of annuities that are offered by pension schemes and the different benefits, advantages and limitations associated with each type of annuity. Students will then be introduced to the Minimum Retirement Age under a DC pension scheme, as well as the tax implications of accessing pension funds before reaching the Minimum Retirement Age. Students will also be introduced to the Members Protection Fund and the protection it offers to members of pension schemes who experience problems with the management of their pension funds.

Students will also be introduced to the different disclosure regulations that apply to pension schemes and the penalties that may be imposed on the members or pension funds that do not comply with these regulations.

• Introduction to Member Benefit Events and Rules for Defined Contribution (DC) Pension Schemes
• Introduction to Defined Contribution Pension Schemes
• Introduction to Annuities and the Choices Available to DC Members
• Minimum Retirement Age under a DC Scheme
• Members Can Choose to Receive Their Annuity Monthly, Quarterly or Annually without This Afecting the Annuity Offered
• If a Member Flexibly Accesses More than 25% Tax Free Cash of Any DC, Annual Allowance, Escalation, Disclosure Regulations, Small Lump Sums in Occupation DC Schemes, Early Leavers, UFPLS, Employer Contributions, Carry Forward, MPAA, Drawdown Options for DC Schemes, DC Investment Cycle,

CURRICULUM OVERVIEW

In Unit 5 of the English Language

Program at the CAE, students will be introduced to some of the different types of pension schemes available in the private sector, including Defined Benefit (DB) and Defined Contribution (DC) pension schemes. Students will also be introduced to the various types of annuities that are offered by pension schemes and the different benefits, advantages and limitations associated with each type of annuity. Students will then be introduced to the Minimum Retirement Age under a DC pension scheme, as well as the tax implications of accessing pension funds before reaching the Minimum Retirement Age. Students will also be introduced to the Members Protection Fund and the protection it offers to members of pension schemes who experience problems with the management of their pension funds.

• Introduction to Member Benefit Events and Rules for Defined Contribution (DC) Pension Schemes
• Introduction to Defined Contribution Pension Schemes
• Introduction to Annuities and the Choices Available to DC Members
• Minimum Retirement Age under a DC Scheme
• Members Can Choose to Receive Their Annuity Monthly, Quarterly or Annually without This Afecting the Annuity Offered
• If a Member Flexibly Accesses More than 25% Tax Free Cash of Any DC, Annual Allowance, Escalation, Disclosure Regulations, Small Lump Sums in Occupation DC Schemes, Early Leavers, UFPLS, Employer Contributions, Carry Forward, MPAA, Drawdown Options for DC Schemes, DC Investment Cycle,

CURRICULUM OVERVIEW

In Unit 5 of the English LanguageProgram at the CAE, students will be introduced to some of the different types of pension schemes available in the private sector, including Defined Benefit (DB) and Defined Contribution (DC) pension schemes. Students will also be introduced to the various types of annuities that are offered by pension schemes and the different benefits, advantages and limitations associated with each type of annuity. Students will then be introduced to the Minimum Retirement Age under a DC pension scheme, as well as the tax implications of accessing pension funds before reaching the Minimum Retirement Age. Students will also be introduced to the Members Protection Fund and the protection it offers to members of pension schemes who experience problems with the management of their pension funds.

• Introduction to Member Benefit Events and Rules for Defined Contribution (DC) Pension Schemes
• Introduction to Defined Contribution Pension Schemes
• Introduction to Annuities and the Choices Available to DC Members
• Minimum Retirement Age under a DC Scheme
• Members Can Choose to Receive Their Annuity Monthly, Quarterly or Annually without This Afecting the Annuity Offered
• If a Member Flexibly Accesses More than 25% Tax Free Cash of Any DC, Annual Allowance, Escalation, Disclosure Regulations, Small Lump Sums in Occupation DC Schemes, Early Leavers, UFPLS, Employer Contributions,

Carry Forward, MPAA, Drawdown Options for DC Schemes, DC Investment Cycle,

• Members Protection Fund and the Protection it Offers to Members of Pension Schemes who Experience Problems with the Management of their Pension Funds,
• Introduction to Member Benefit Events and Rules for Defined Contribution (DC) Pension Schemes
• Introduction to Defined Contribution Pension Schemes
• Introduction to Annuities and the Choices Available to DC Members
• Minimum Retirement Age under a DC Scheme
• Members Can Choose to Receive Their Annuity Monthly, Quarterly or Annually without This Afecting the Annuity Offered
• If a Member Flexibly Accesses More than 25% Tax Free Cash of Any DC, Annual Allowance, Escalation, Disclosure Regulations, Small Lump Sums in Occupation DC Schemes, Early Leavers, UFPLS, Employer Contributions, Carry Forward, MPAA, Drawdown Options for DC Schemes, DC Investment Cycle,
• Members Protection Fund and the Protection it Offers to Members of Pension Schemes who Experience Problems with the Management of their Pension Funds,
• Introduction to Member Benefit Events and Rules for Defined Contribution (DC) Pension Schemes
• Introduction to Defined Contribution Pension Schemes
• Introduction to Annuities and the Choices Available to DC Members
• Minimum Retirement Age under a DC Scheme
• Members Can Choose to Receive Their Annuity Monthly, Quarterly or Annually without This Afecting the Annuity Offered
• If a Member Flexibly Accesses More than 25% Tax Free Cash of Any DC, Annual Allowance, Escalation, Disclosure Regulations, Small Lump Sums in Occupation DC Schemes, Early Leavers, UFPLS, Employer Contributions, Carry Forward, MPAA, Drawdown Options for DC Schemes, DC Investment Cycle,
• Members Protection Fund and the Protection it Offers to Members of Pension Schemes who Experience Problems with the Management of their Pension Funds,