Code: 2.5.1 · Children and youth
Retirement and pensions
Descriptors
Knowledge
What you can do at this level
- Kage:6-10
Understands the purpose of pensions to provide an income in retirement
- Kage:16-18
Understands and compares the main characteristics, funding sources, risks and types of benefits of public and private pensions (including occupational and personal pensions)
Skill
What you can do at this level
- Sage:11-15
Identifies the reasons why it is important to start saving for retirement from a young age
- Sage:16-18
Makes plans for saving actively for retirement from a young age to ensure an adequate retirement income
- Learning outcome types
- K — What you need to know: theoretical understanding and factual information.
- S — What you can do: practical and technical abilities.