Description
Develop plans which provide retirement benefits to individuals, taking into account the financial risks for the organisation providing the benefits and the potential difficulties of implementation.
Alternative labels
develop pension plans
develop pension arrangement
develop pension theory
develop pension strategies
develop pension system
Skill type
skill/competence
Skill reusability level
sector-specific
Relationships with occupations
Essential skill
Develop pension schemes is an essential skill of the following occupations:
Pension scheme manager: Pension scheme managers coordinate pension schemes in order to provide benefits in retirement to individuals or organisations. They ensure the daily deployment of the pension fund and define the strategic policy for developing new pension packages.
Optional skill
Develop pension schemes is optional for these occupations. This means knowing this skill may be an asset for career advancement if you are in one of these occupations.
Pensions administrator: Pensions administrators perform administrative duties in the management of pension schemes, ensuring the correct calculation of client’s pension benefits, compliance with legal requirements, drafting reports and communicating relevant information to customers. They work either in the private or the public sector.
Human resources manager: Human resources managers plan, design and implement processes related to the human capital of companies. They develop programs for recruiting, interviewing, and selecting employees based on a previous assessment of the profile and skills required in the company. Moreover, they manage compensation and development programs for the company’s employees comprising trainings, skill assessment and yearly evaluations, promotion, expat programs, and general assurance of the well-being of the employees in the workplace.
References
- Develop pension schemes – ESCO
