Information Session : The annual statement

Slides:



Advertisements
Similar presentations
Intensive Actuarial Training for Bulgaria January, 2007 Lecture 2 – Life Annuity By Michael Sze, PhD, FSA, CFA.
Advertisements

Swansea University Changes to the Pension Scheme February 2009.
Adjustable Pension Plan (APP) Richard Hudson, Principal Consulting Actuary CHEIRON, Inc.
1 Winter 2014 Building Blocks – York’s Pension Plan.
NHS Pension Scheme 2015 Presentation prepared by the Scottish NHS Pensions Group.
CERN Pension Fund Emilie Clerc Benefits Service. 1 Summary 1)The Fund Introduction Who for? / What for? Resources 2) Benefits Retirement Disability Surviving.
Pensions ACCTG 5120 David Plumlee.
© 2004 The McGraw-Hill Companies, Inc. McGraw-Hill/Irwin Chapter 17 Pensions.
Copyright © 2004 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin Slide 17-1 Chapter Seventeen Pensions Pensions.
Financial Projections (1) – Assumptions and Cash Flow MHR 308 Summer 2002.
Chapter 20: Accounting for Pensions and Postretirement Benefits
Changes to the Teachers’ Pension Scheme 1 April 2015 “At a Glance Guide to who is affected”
Pension Basics for Local Officials Teacher Welfare Education Program 3F(n) Edmonton Catholic Teachers’ Local #54.
Retirement Plan for Faculty and Certain Employees Understanding your Annual Pension Statement March 29, 2007.
Retirement Planning and Employee Benefits for Financial Planners
FA3 Lesson 7. Pension costs and obligations 1.Pensions 2.Defined contribution vs. defined benefit 3.Accounting for pensions 4.Pension worksheet.
McGraw-Hill /Irwin© 2009 The McGraw-Hill Companies, Inc. PENSIONS AND OTHER POSTRETIREMENT BENEFITS Chapter 17.
Chapter 15 Employee Benefit & Retirement Planning Cash Balance Pension Plan Copyright 2009, The National Underwriter Company1 What is it? A qualified defined.
Chapter 15 Employee Benefit & Retirement Planning Cash Balance Pension Plan Copyright 2011, The National Underwriter Company1 What is it? A qualified defined.
GASB 45 at SMCCCD District Committee on Budget and Finance October 3, 2006.
Financial Sector (continued) Training Workshop on System of National Accounts for ECO Member Countries October 2012, Tehran, Islamic Republic of.
Retirement Planning Session
CERN Pension Fund Emilie Clerc Benefits Service. 1 Summary 1) The Fund Purpose Members Resources 2) Benefits Retirement Disability Surviving Spouse Orphans.
CERN Pension Fund Emilie Clerc Benefits Service. 1 Summary 1)The Fund Introduction Who for? / What for? Resources 2) Benefits Retirement Disability Surviving.
Copyright © 2015 GRS – All rights reserved. RTD/ATU 1001 Pension Plan January 13, 2015 Pension Fund Status As of January 1, 2014.
LGPS 2014 Cory Blose & Beth Sargent – Employer Liaison & Communication Officers.
Financial Fiduciaries, LLC
Chapter Four Entitlements and Reporting Procedures
PENSION PLAN OF ANNE ARUNDEL MEDICAL CENTER
Health Savings Account
Yasuko Shirakawa, PHR, SHRM-CP Office of Human Resources
Overview of Nondiscrimination Testing for 401(k) Plans
CHAPTER 17 Pensions 2.
Santiago, Chile - Agosto, 2009
Country update The Netherlands
U.S. Social Security Administration Mortality Projections
Voluntary Contributions
Emilie Clerc / Pilar Herguedas Benefits Service
Financial Statement Analysis K.R. Subramanyam
Yasuko Shirakawa, PHR, SHRM-CP Office of Human Resources
Fundamentals I of Retirement Plan Issues Chapter Seven/Week Eight
Director, Center for Workers’ Benefits and Capital Strategies, AFT
Insurance Companies and Pension Plans
HSC Pension Service New Scheme Members.
Ms. Alltucker Accounting II
Page 1: Your Account at a Glance Summary Special Notice
Retirement Plans and Mutual Funds
HSC Pension Service Choice 2 Workshop.
Insurance Companies and Pension Plans
Finding Your Pay Advice
Chapter 20: Accounting for Pensions and Postretirement Benefits
EFFECTIVE DATING Note: The content in these slides was taken from a presentation presented at the Connections Conference March 12-15, 2013.
Welcome Back Glencoe Accounting.
Old-age pensions in Poland and worldwide
© 2014 Cengage Learning. All Rights Reserved.
Social Security Actuarial Status
© 2014 Cengage Learning. All Rights Reserved.
Funding Pension Benefits for Georgia’s Educators
© 2014 Cengage Learning. All Rights Reserved.
Canada & Quebec Pension Plan Changes are coming!
HSC Pension Service New Scheme Members.
GASB 45 Other (than Pension) Post Employment Benefits Date Here
Financial Sector (continued)
Insurance and Pension Fund Operations
Pension Plans in Hong Kong and Other countries
Your Pension Service Pre Retirement Presentation
THE FUTURE OF YOUR PENSIONS
Member Presentation – Department of Chemistry July 2019 Debbie Hough
Member Presentation September 2019 Sarah Burch and Debbie Hough
Presentation transcript:

Information Session 6.12.2017: The annual statement Mag. Bernadette O‘Connor

Annual Statement page 3 (overview) Capital status as of 31.12. of the reporting year Contributions of the reporting year Benefits as of 31.12. Alternative (voluntary) – guaranteed pension

Annual Statement page 3 (overview) Pension at a certain age without further contributions and a performance of 0 % Pension at a certain age projected with actual contribution and a performance to the amount of the actuarial interest rate

Annual Statement: excursion Actuarial Interest Rate (Rechnungszins/RZ) Estimated interest rate; basis for forecast calculation of the estimated pension Interest rate is not guaranteed The interest rate is the amount that must be earned to ensure that benefits remain at least nominally equal Inclusion until 30.06.2016 – RZ 3.00% Inclusion after 01.07.2016 – RZ 2.50% = actual maximum permissible RZ according to FMA-edict

Annual Statement: excursion Meaning of the interest rate (Rechnungszins) annual result allocation to equalization reserve accounting surplus increase of pension or allocation to equalization reserve interest rate reduction of pension annual result Annual result is made up of performance and actuarial result (mortality, risk of disability,…)

Annual Statement page 2 Annual statement according to FMA-regulations Detailed informations contributions Possible transfers from e.g. dismissal pay Public premium Basis for public premium

Annual Statement page 2 Annual statement according to FMA-regulations Capital status: here you can see the capital status again in detail; the equalization reserve is also printed here. If you would like to know if your capital is below or above the severance pay limit, all values given here must be taken into account: capital from employer contributions, from employee contributions and equalization reserve.

Annual Statement page 3 and 4 Annual statement according to FMA-regulations Forecast calculation in three different variants for actual contribution to the specified age

Contact Mag. Bernadette O‘Connor Tel. Nr.: 01 – 316 48 DW 2101 E-Mail: bernadette.oconnor@valida.at Eva Heilinger Tel. Nr.: 01 – 316 48 DW 2234 E-Mail: eva.heilinger@valida.at

Feedback: Privacy Policy Feedback
Do Not Sell My Personal Information
About project: SlidePlayer Terms of Service

© 2025 SlidePlayer.com. Inc. All rights reserved.