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Cfi 324: Pension Schemes Question Paper

Cfi 324: Pension Schemes

Course:Bachelor Of Commerce

Institution: Catholic University Of Eastern Africa question papers

Exam Year:2017

THE CATHOLIC UNIVERSITY OF EASTERN AFRICA
CITY CAMPUS
MAIN EXAMINATION
JANUARY - APRIL 2015 TRIMESTER
FACULTY OF COMMERCE
DEPARTMENT OF ACCOUNTING AND FINANCE
REGULAR PROGRAMME
CFI 324: PENSION SCHEMES
Date: APRIL 2015 Duration: 2 Hours
INSTRUCTIONS: Answer Question ONE and ANY OTHER TWO Questions

Q1.
a) Discuss the role of trustees in a pension scheme.
(10 marks)
b) Discuss the various reasons why the governments found it necessary to establish the
Retirement Benefits Authority (RBA).What are the various controls that RBA exerts in the pension sector.
(10 marks)

c)The Kenya government is currently facing serious challenges in financing
the pensions to retired civil servants. Discuss the reasons why this has happened and enumerate any reforms that can remedy the situation in to the future. (10 marks)

Q2.
a) Discuss some of the changes proposed in the new NSSF Act, 2013.
(10 marks)
b) Discuss the various investment vehicles available to pension funds.
(10 marks)

Q3.
a) Individual retirement plans provide the perfect solution for Kenyans to save for old age. Discuss.
(10 marks)

b) What are scheme rules and why are they necessary in a pension scheme?
(6 marks)

Q4. Write notes on the following.
i. Actuarial evaluations of pension schemes
(5 marks)
ii. Defined Benefits schemes.
(5 marks)
iii. Insured pension schemes.
(5 marks)
iv. Late retirement benefits.
(5 marks)

*END*

Cfi 324: Pension Schemes Question Paper

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