Work within a defined benefit fund

Formats and tools

Unit Description
Reconstruct the unit from the xml and display it as an HTML page.
Assessment Tool
an assessor resource that builds a framework for writing an assessment tool
Assessment Template
generate a spreadsheet for marking this unit in a classroom environment. Put student names in the top row and check them off as they demonstrate competenece for each of the unit's elements and performance criteria.
Assessment Matrix
a slightly different format than the assessment template. A spreadsheet with unit names, elements and performance criteria in separate columns. Put assessment names in column headings to track which performance criteria each one covers. Good for ensuring that you've covered every one of the performance criteria with your assessment instrument (all assessement tools together).
Wiki Markup
mark up the unit in a wiki markup codes, ready to copy and paste into a wiki page. The output will work in most wikis but is designed to work particularly well as a Wikiversity learning project.
Evidence Guide
create an evidence guide for workplace assessment and RPL applicants
Competency Mapping Template
Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners. A template for developing assessments for a unit, which will help you to create valid, fair and reliable assessments for the unit, ready to give to trainers and students
Observation Checklist
create an observation checklist for workplace assessment and RPL applicants. This is similar to the evidence guide above, but a little shorter and friendlier on your printer. You will also need to create a seperate Assessor Marking Guide for guidelines on gathering evidence and a list of key points for each activity observed using the unit's range statement, required skills and evidence required (see the unit's html page for details)

Self Assessment Survey
A form for students to assess thier current skill levels against each of the unit's performance criteria. Cut and paste into a web document or print and distribute in hard copy.
Moodle Outcomes
Create a csv file of the unit's performance criteria to import into a moodle course as outcomes, ready to associate with each of your assignments. Here's a quick 'how to' for importing these into moodle 2.x
Registered Training Organisations
Trying to find someone to train or assess you? This link lists all the RTOs that are currently registered to deliver FNSSUP509A, 'Work within a defined benefit fund'.
Google Links
links to google searches, with filtering in place to maximise the usefulness of the returned results
Books
Reference books for 'Work within a defined benefit fund' on fishpond.com.au. This online store has a huge range of books, pretty reasonable prices, free delivery in Australia *and* they give a small commission to ntisthis.com for every purchase, so go nuts :)


Elements and Performance Criteria

ELEMENT

PERFORMANCE CRITERIA

1. Explain the design of defined benefit funds

1.1. The features, advantages and disadvantages of defined benefit funds are identified

1.2. Eligibility conditions affecting defined benefit funds are identified

1.3. Issues associated with pensions and lump sums are identified where relevant

1.4. Influences on fund and benefit design are identified

1.5. Funding options for defined benefit funds are identified

1.6. Requirements of legislation and regulations specific to defined benefit funds are identified and incorporated into activities

2. Process contributions to defined benefit funds

2.1. Rules guiding compulsory payments into defined benefit funds are identified and followed

2.2. Contributions are received and processed according to fund requirements

3. Process payment of benefits in a defined benefit fund

3.1. Options for benefit payment in defined benefit funds are investigated

3.2. Benefit is calculated to include additional fees, charges, taxes and other factors

3.3. Benefits and pensions are processed according to fund requirements

3.4. Beneficiaries are communicated with according to organisation guidelines

4. Process and maintain documentation and records according to defined benefit fund requirements

4.1. All transactions are correctly documented in member records

4.2. Statements and receipts are prepared and issued to members according to organisation guidelines

4.3. Member records are maintained to ensure currency and accuracy

4.4. Certificates, benefit information and taxation information are generated and provided according to legislative requirements

4.5. Fund information is generated and provided to the actuary for the preparation of necessary certificates

5. Implement quality assurance procedures

5.1. Organisation procedures are followed

5.2. Member details are established and maintained in accordance with organisation requirements

5.3. System and process checks are implemented and any irregularities identified

5.4. Any irregularities are corrected or communicated to appropriate personnel


Qualifications and Skillsets

FNSSUP509A appears in the following qualifications: