+234 813 0686 500
+234 809 3423 853
info@grossarchive.com

IMPACT OF PENSION AND GRATUITY ON THE LIFE OF RETIREES

  • Type:Project
  • Chapters:5
  • Pages:65
  • Format:Microsoft Word
(Insurance Project Topics & Materials)

IMPACT OF PENSION AND GRATUITY ON THE LIFE OF RETIREES

(A STUDY OF ENUGU STATE PENSION BOARD)

ABSTRACT

The research Project titled “The broad objective of this research work is to the impact of pension and gratuity on the life of retirees with particular reference to Enugu State pension board. The researcher examined why Enugu State Pension Board do not pay pension regularly. Determined the effect of non implementation of gratuity on the retirees. Examined the reasons for poor retirement benefits and its economic effects on Nigeria economy.  The scope of the study of this research work is Enugu State pension Board. The sources of data for this work is primary and secondary data with the sample size of 80. The population of this study was drawn from Enugu State pension Board. The instrument used for this research work is questionnaire comprising the statement of the problem and research hypothesis, method of data presentation of this work is analyzed with the use of sample table, pie-charts and percentages. Test analysis is used in this project work. The findings of this research work is that the fringe benefit (i.e retirement benefit) giving to the pensioners are meager compared to the responsibilities they have. The recommendations for this work is that the staff of the pension department concerned with the computation and payment of pension be made to understand the reasons for the payment of pensions and gratuity in the state.

TABLE OF CONTENTS

Title        -             -      -      -      -      -      -      -      -      i

Approval -             -      -      -      -      -      -      -      ii

Dedication      -      -      -      -      -      -      -      -      iii

Acknowledgement -      -      -      -      -      -      -      iv

Abstract  -      -      -      -      -      -      -      -      -      v

List of Figures       -      -      -      -      -      -      -      vii

List of figures -      -      -      -      -      -      -      -      -      viii

CHAPTER ONE: Introduction

1.1  Background to the Study       -      -      -      -      -      1

1.2  Statement of the Problem     -      -      -      -      8

1.3  Objectives of the Study  -      -      -      -      -      9

1.4  Research Question  -      -      -      -      -      -      9

1.5  Research Hypothesis      -      -      -      -      -      10

1.6  Significance of Study     -      -      -      -      -      11

1.7  Scope and Limitation of Study-     -      -      -      11

1.8  Definition of Operational terms     -      -      -      13

CHAPTER TWO: Review of Related Literature

2.1  An Overview   -      -      -      -      -      -      -      19

       History of Enugu State Pension Board   -      -      19

2.2  Historical Development of Pension Scheme   -      28

2.3  History of Insurance in Nigeria      -      -      -      -      34

       Various Impact of Life Assurance Product     -      37

2.4  The Impact of Pension and Gratuity on the

Life of a   Retiree    -      -      -      -      -      -      39

2.5  legal Frame work of pension in Nigeria  -      -      41

2.6  The Impact of Insurance of Economic country     -      45

2.7  problems facing pension implementation of pension

and gratuity on the life of a retiree.      -      -      -      45

References -   -      -      -      -      -      -      -      50

CHAPTER THREE: Methodology And Design

3.1  Sources of Data     -      -      -      -      -      -      52

3.1.1       Primary Data   -      -      -      -      -      -      52

3.1.2       Secondary Data      -      -      -      -      -      52

3.2  Location of the Study    -      -      -      -      -      53

3.3  Population of the Study  -      -      -      -      -      53

3.4  Sample Size   -      -      -      -      -      -      -      54

3.5  Instrument used     -      -      -      -      -      -      55

3.6  Validity and Reliability of the instrument       -      56

CHAPTER FOUR: Data Presentation and Analysis        57

4.1  Data Presentation   -      -      -      -      -      -      57

4.2  Testing of Hypothesis     -      -      -      -      -      65

CHAPTER FIVE: Summary of findings, Conclusions and

Recommendations

5.1  Summary of Findings     -      -      -      -      -      70

5.2  Conclusions    -      -      -      -      -      -      -      71

5.3  Recommendations -      -      -      -      -      -      74

       Bibliography    -      -      -      -      -      -      -      77

       Appendix-      -      -      -      -      -      -      -      79

       Questionnaire  -      -      -      -      -      -      -      80

1.4     Research Question

   The following are the research questions:

(1)      Does Enugu State Pension Board pay pension regularly?

(2)      Does retiree suffers after retirement because of non implementation of gratuity?

(3)      What are the effects of poor retirement benefit on Nigerian economy?

1.5      Research Hypothesis

In this study, the researcher worked with the following hypothesis:

(1)      Ho:  Enugu State Pension Board do not pay pension regularly.

H1:  Enugu State Pension Board pays pension regularly.

(2)      Ho:  Retiree suffers after retirement because

of non implementation of gratuity.

Hi:   Retiree does not suffer after retirement             because of non implementation of                 gratuity.

(3)      Ho:  Retirement benefit is not even enough when they are paid.

Hi:   Retirement benefit is even enough when they are paid.

IMPACT OF PENSION AND GRATUITY ON THE LIFE OF RETIREES
Share This

Details

Type Project
Department Insurance
Project ID INS0071
Price ₦3,000 ($9)
Chapters 5 Chapters
No of Pages 65 Pages
Format Microsoft Word

500
Leave a comment...

    Details

    Type Project
    Department Insurance
    Project ID INS0071
    Price ₦3,000 ($9)
    Chapters 5 Chapters
    No of Pages 65 Pages
    Format Microsoft Word

    Related Works

    CHAPTER ONE INTRODUCTION 1.1     BACKGROUND OF THE STUDY           Retirement is a phase of life that every employee must reach whether prepared for or not. It is the point in time when an employee chooses to leave his or her employment permanently (which could be voluntary or involuntary), and generally coincides with the... Continue Reading
      ABSTRACT The research study titled ‘’Pension and Gratuity Administration in Nigeria Problems and solution’’ A case study of Kogi State Pension Board, Lokoja, shows the problems of poor and non-implementation of pension and retirement benefits payment for several years and another problem of delay in payment of pension and gratuity. This... Continue Reading
    ) ABSTRACT This work is aimed at developing a comprised system for quick and easy processing of the staff pension. The need for such a work was very obvious . There is partly as a result of pensioners complain on the delay of payment of... Continue Reading
    DESIGN AND IMPLEMENTATION OF A COMPUTERISED   TEACHER PENSION VERIFICATION SYSTEM   (A CASE STUDY OF KADUNA STATE PENSION BOARD) CHAPTER ONE INTRODUCTION The management of Pension Fund in Nigeria is as old as Nigeria itself. Pension fund was introduced by the colonial masters to provide income and security for old age British citizens working in... Continue Reading
    ABSTRACT This research studied management of pension schemes in Nigeria public service. Using the Department of pensions/establishment Enugu State Public Service, as a case study. The need for the study rose... Continue Reading
    (A CASE STUDY OF ANAMBRA STATE) ABSTRACT A research work into Accounting for pensions and Gratuity (A case study of Anambra State) cannot be over – emphasized. In pursuance of this investigation the research used both primary source of data collection, like Questionnaire as well as secondary sources such as... Continue Reading
    (A CASE STUDY OF ANAMBRA STATE) ABSTRACT A research work into Accounting for pensions and Gratuity (A case study of Anambra State) cannot be over – emphasized. In pursuance of this investigation the research used both primary source of data collection, like Questionnaire as well as secondary sources such as... Continue Reading
    TABLE OF CONTENTS Title page             -        -        -        -        -        -        -        -        i Declaration         -        -        -        -       ... Continue Reading
    ABSTRACT The main purpose of this write-up was to determine the impact of pension reform Act 2004 on the Image of pension Workers in Nigeria. The pension Reform Act 2004 was characterized by some problems like non-compliance,... Continue Reading
    ABSTRACT This study examined the impact of pension fund management on the economic growth of Nigeria. To achieve this research objective, relevant data were sourced from National Pension Fund (PENCOM) and National Bureau of Statistics (NBS) for the period spanning from 2009-2013. The study adopted Multivariate Linear Regression Analysis.... Continue Reading