ACTSC 453Basic Pension Mathematics
- Units
- 0.50
- Faculty
- Mathematics
- Subject
- Actuarial Science
When it runs
- F24
- W25
- S25
- F25
- W26
- S26
- F26
- W27
- S27
Ran in 1 of the last 7 terms. Winter 2027: scheduled, 2 lecture sections. Spring 2027: schedule not out yet.
Theory and practice of pension plan funding. Assumptions, basic actuarial functions, and population theory applied to private pensions. Concepts of normal costs, supplemental liability, unfunded liability arising from individual accrued benefit, and projected benefit cost methods.
Prerequisites
- Complete all of the following
- Must have completed the following:
- ACTSC331 - Life Contingencies 2 (0.50)
- Enrolled in H-Actuarial Science, JH-Actuarial Science, or H-Mathematical Finance
- Must have completed the following:
Antirequisites
None listed.
Leads to
No course lists it as a requisite.
Winter 2027 sections
| Section | Class | Enrolled | Meets |
|---|---|---|---|
| LEC 001 | 7623 | 0 / 48 | MW 11:30–12:50 |
| LEC 701 | 8009 | 9 / 9999 | Online or by arrangement |
Reviewed on UW Flow
100% liked it100% easy100% useful
From 1 rating on UW Flow. Read them all on UW Flow.
Discussed on r/uwaterloo
5 posts and comments in 4 threads mention ACTSC 453, October 2013 to December 2024. Quoted word for word, newest first; each reply sits under the post and the comment that started its branch. Search r/uwaterloo for newer posts.
Fall 2024
Actsc 453 1 point, 0 comments
u/aglassofmangojuice: “Curious if anyone has even taken this course and your thoughts on it. Actsc 453, Basic Pension Math.”
Fall 2018
Actsc 453/462 1 point, 1 comment
u/teamtroll1: “Hey I was wondering what the opinions of the ppl who took these courses are and what semester they took it in. I'm trying to find in which terms I can take these courses but I can't find that information.”
Fall 2017
PSA: UWCourseLinker back up, disabled by default, call with [[course code]] 39 points, 31 comments
u/RayDWatson: “… [[ACTSC391]] [[ACTSC431]] [[ACTSC432]] [[ACTSC433]] [[ACTSC445]] [[ACTSC446]] [[ACTSC453]] [[ACTSC455]] [[ACTSC458]] [[ACTSC459]] [[ACTSC462]] [[ACTSC463]] [[ACTSC468]] [[ACTSC469]] [[ACTSC471]] [[ACTSC611]] [[ACTSC612]] [[ACTSC613]] [[ACTSC614]] [[ACTSC615]] [[ACTSC621]] …”
u/UWCourseLinker: “… 445 - Quantitative Enterprise Risk Management ACTSC 446 - Mathematics of Financial Markets ACTSC 453 - Basic Pension Mathematics ACTSC 455 - Advanced Life Insurance Practice ACTSC 458 - Insurance Law ACTSC 459 - Group Life and Health Insurance ACTSC 462 - Introduction to …”
Fall 2013
Help with Honours Math 1 point, 9 comments
“So I'm switching over from Biomedical Sciences into Honours Math with a hope of getting into Actuarial Science. …”
u/usharma: “… (Actsci has a major scheduling problem, as many of it's 4th year courses are barely available, like ACTSC453 which is available once every TWO years.) Don't be discouraged, no major in Waterloo Math is easy. Good luck! See you in Actsci! …”
Check it elsewhere for Fall 2026
- Undergraduate Calendar, 2026–27The official entry
- Requirements for Fall 2026Waterloo’s requisite checker
- Schedule of Classes, Fall 2026Instructors, rooms, live seats
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