Introduction:

The Pre-retirement, Severance, and Pension Planning training course is designed to provide participants with comprehensive knowledge and practical skills in preparing for retirement, understanding severance packages, and effectively managing pension plans. This course aims to equip participants with the necessary tools to make informed decisions and create a secure financial future during the transition from employment to retirement.

Course Objective: The primary objective of this course is to help participants develop a thorough understanding of pre-retirement planning, severance packages, and pension management. By the end of the course, participants will be able to:

1. Evaluate their financial readiness for retirement and develop a personalized retirement plan.
2. Understand the components of severance packages and make informed decisions regarding their benefits.
3. Manage pension plans effectively to ensure long-term financial stability.
4. Navigate retirement-related legal and regulatory frameworks.
5. Optimize their retirement income and make appropriate investment decisions.

Organization Benefit:

 Organizations can derive several benefits from employees who are well-prepared for retirement and possess a sound understanding of severance packages and pension planning. Some key benefits include:

1. Enhanced employee satisfaction and retention: Providing employees with the knowledge and tools to plan for retirement and understand their severance benefits can increase job satisfaction and loyalty.
2. Smooth transition and continuity: Well-prepared employees can transition into retirement smoothly, minimizing disruption to workflow and ensuring continuity of operations.
3. Mitigated legal and regulatory risks: By understanding and adhering to retirement-related laws and regulations, organizations can avoid potential legal pitfalls and associated costs.
4. Improved financial management: Employees who effectively manage their pensions can avoid financial challenges during retirement, reducing the potential strain on the organization's resources.
5. Positive employer branding: Demonstrating a commitment to employee well-being and providing comprehensive retirement planning support can enhance the organization's reputation and attract top talent.

Course Duration:

 5 days

Target Participants:

This course is suitable for:

1. Employees nearing retirement age and interested in planning for their post-employment financial needs.
2. Human resources professionals responsible for managing retirement and pension programs.
3. Finance and accounting professionals involved in pension fund management and reporting.
4. Executives and decision-makers responsible for designing severance packages and retirement benefit policies.
5. Legal professionals involved in retirement-related legal compliance and documentation.

Course Content:

Module 1: Pre-Retirement Assessment and Planning

• Assessing personal financial readiness for retirement.
• Retirement goal setting and financial planning strategies.
• Social Security and other retirement benefits.

Module 2: Severance Packages and Benefits

• Understanding severance packages and their components.
• Evaluating severance options and negotiating favorable terms.
• Tax implications and legal considerations of severance benefits.

Module 3: Pension Fund Management

• Overview of pension fund management.
• Types of pension plans and their features.
• Investment strategies and risk management in pension funds.

Module 4: Retirement Income Strategies

• Creating retirement income streams and managing cash flow.
• Annuities, pensions, and other retirement income sources.
• Managing inflation and longevity risks in retirement.

Module 5: Legal and Regulatory Frameworks

• Retirement-related laws and regulations.
• Compliance requirements and reporting obligations.
• Legal considerations in pension fund management and severance policies.

Module 6: Estate Planning and Wealth Transfer

• Estate planning essentials for retirees.
• Wills, trusts, and power of attorney.
• Wealth transfer and inheritance tax planning.

Module 7: Health and Healthcare Planning

• Managing healthcare costs in retirement.
• Medicare and other health insurance options.
• Long-term care considerations.

Module 8: Investment and Risk Management in Retirement

• Investment strategies for retirement portfolios.
• Balancing risk and return in retirement investments.
• Managing market volatility and adjusting investment strategies.

Module 9: Psychological and Emotional Aspects of Retirement

• Psychological challenges and adjustment to retirement.
• Creating a fulfilling post-retirement lifestyle.
• Dealing with the emotional impact of retirement.

Module 10: Financial Planning Tools and Resources

• Retirement planning calculators and software.
• Online resources for retirement planning and investment research.
• Working with financial advisors and professionals.

 

General Notes

·         All our courses can be Tailor-made to participants' needs

·         The participant must be conversant in English

·         Presentations are well-guided, practical exercises, web-based tutorials, and group work. Our facilitators are experts with more than 10 years of experience.

·         Upon completion of training the participant will be issued with a Foscore development center certificate (FDC-K)

·         Training will be done at the Foscore development center (FDC-K) centers. We also offer inhouse and online training on the client schedule

·         Course duration is flexible and the contents can be modified to fit any number of days.

·         The course fee for onsite training includes facilitation training materials, 2 coffee breaks, a buffet lunch, and a Certificate of successful completion of Training. Participants will be responsible for their own travel expenses and arrangements, airport transfers, visa application dinners, health/accident insurance, and other personal expenses.

·         Accommodation, pickup, freight booking, and Visa processing arrangement, are done on request, at discounted prices.

·         Tablet and Laptops are provided to participants on request as an add-on cost to the training fee.

·         One-year free Consultation and Coaching provided after the course.

·         Register as a group of more than two and enjoy a discount of (10% to 50%)

·         Payment should be done before commence of the training or as agreed by the parties, to the FOSCORE DEVELOPMENT CENTER account, so as to enable us to prepare better for you.

·         For any inquiries reach us at training@fdc-k.org or +254712260031

 

·         Website:www.fdc-k.org