What Is the Certified Employee Benefit Specialist (CEBS) Designation?
Certified Employee Benefit Specialist (CEBS) is a licensed designation earned by way of those who administer employee benefits techniques. The designation is given by way of the International Foundation of Employee Benefit Plans, with curriculums complicated by way of the Wharton College of the School of Pennsylvania and Dalhousie School in Canada.
Key Takeaways
- The CEBS is a licensed designation for pros who administer employee benefits.
- CEBS candidates must take 5 courses, each and every with its private exam.
- The two primary areas coated by way of the CEBS designation are team of workers smartly being and other receive advantages plans, and retirement benefits techniques
Understanding the Certified Employee Benefit Specialist (CEBS) Designation
CEBS candidates must whole 5 core courses drawn from two hooked up credentials: the Team Benefits Associate (GBA) and Retirement Plans Associate (RPA) designations. The GBA is designed for individuals who will administer smartly being and other team of workers benefits. The RPA is a credential for individuals who artwork with defined receive advantages and defined contribution plans. Candidates must take a 100-question exam after completing each and every trail. The CEBS program maximum regularly takes 3 years to complete.
CEBS candidates can find out about independently, sign up for in online classes, or sign-up for in-person classes. Materials are available in print and digital formats. Because of rules differ between the U.S. and Canada, students from the ones respective world places will come throughout different trail material. As an example, U.S. students will be informed concerning the Reasonably priced Care Act (ACA), whilst Canadian pros will find out about their country’s machine of not unusual healthcare coverage.
Exact World Example of the CEBS
From an employer’s perspective, CEBS pros can lend a hand beef up the wonderful thing about a office to group of workers, thereby contributing every to talent acquisition and retention. The CEBS curriculum incorporates various technical skills, harking back to learn how to arrange the financial risks associated with different benefits plans, learn how to use discounted cash go with the flow analysis to estimate the almost definitely price of a plan, and learn how to assessment the initial pricing of a group insurance policy product.
CEBS pros can also contribute significantly in regard to managing employers’ retirement plans. To organize them for this serve as, the CEBS curriculum teaches retirement-related skills harking back to learn how to design employee profit-sharing plans, learn how to comply with financial reporting prerequisites, learn how to navigate specific eventualities harking back to corporate reorganizations, and learn how to encourage tax efficiencies and environment friendly corporate governance.
