NCI Courses

• International transfers –Expatriate/Repatriates Secondment • Cross Border, Migrant Workers, Transient Workers • Third Country Nationals

• Overview of key employee benefits, role- practical/compensatory & importance of employee benefits/packages in an international context. • Factors for consideration in designing the strategy including multinational issues, strategic & policy considerations, financial implications, culture/customs, currency implications etc. • Overview of tax Implications – including double taxation agreements & implication for employer/employee salary, pension contributions, benefits on retirement etc. • Social Security Matters

• Types of International Pension Provision • Public Provision – Social Security Provisions • Mandatory Provision & Private Provision • Funding methods & security - Advanced Funding, Pay As You Go, Book Reserves, Book Reserves – Reinsurance, Direct Insurance • Provisions in host country and/or in home country, off- shore plans.

• Multinational Risk Pooling • Self- Insurance, Partial Insurance, Captive • Experience Rating • Full Insurance (non-profit/with-profit) • International Insurance Networks

• Overview of Residence/Ordinary Resident/Domiciled & tax impact. • Double taxation agreements – “pension”/”annuity” • Access to pension arrangements –RAC,PRSA, OPS –resident/non-resident employer & employees, Migrant Workers Relief & secondment • Overview of tax treatment of pension received by residents in Ireland from an overseas location & non-resident from an Irish pension structure • Non-resident pensioners/beneficial owners of ARFs

• Background & operation of the EU • Legislative process & ECJ • EMU & impact on Pension Plans • Social & employment policy –including European Work Councils. • Key EU Directives & implementation into Irish Law - pension provision – including life Insurance Directives, “Pensions Fund Directive” (IORPS), (Section XII Pensions Act 1990, as amended. • Supervisory Authorities, approval process • Advantages & Disadvantages • Taxation Treatment– TTE and EET

• For example UK, Australia, US, Japan • Economic, Legal and Political Background • Key types of benefit structures • Types of individual & employer voluntary provision - overview of main types of retirement structures including common financing methods/relief • Relevant supervisory controls and authorities • Solvency requirements. Overview of benefits payable on retirement, death, pre-retirement drawdown options.