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RESTRUCTURING THE NIGERIAN PENSION SCHEMES FOR THE ECONOMIC WELL-BEING OF RETIRED WORKERS

  • Type:Project
  • Pages:61
  • Format:Microsoft Word
(Banking and Finance Project Topics & Materials)
ABSTRACT

Pension has been defined as a benefit, usually money, paid regularly to retired employees or their survivors by private businesses and federal, state and local governments. The concern of the researcher are: to find out how outright corruption and embezzlement affect pension scheme. To find out how poor supervision of pension fund administration affect pension scheme. To find out how poor record management and documentation by the pension board affect the pension scheme. To find out how default by pension fund administrators affect the scheme. The factors that constrained the study were mainly time and money constraint. While sourcing for data, the researcher made use of both primary and secondary sources of data collection. The researcher utilized questionnaires and oral interviews. Questionnaires were structured and administered to the respondents. Consequently, they answered the question with ease, this served as the primary source of data. Moreso, related literatures served as a source of secondary data. The population of the study was one hundred (100) while the sample size was eighty (80). Tables, frequencies and percentages were used to analyze the data. Data analysis and interpretation gave the following findings: that corruption and embezzlement affected the Nigerian pension schemes before the restructuring; that poor supervision of pension fund administrators affected the pension schemes; that poor record management and documentation by pension board officials affected the scheme to a high extent and that default by pension fund administrators affected the scheme. According to the findings, the following recommendations were made: Serious checks should be put in to eliminate corruption and embezzlement in the pension system. Thorough supervision of pension fund administration. Data base planning and maintenance 
Thorough checking of the laxity and inefficiency of pension fund administrators. Finally it was concluded that the contributory pension scheme should be adopted being the pension scheme that both the employer and employee contributes to.

TABLE OF CONTENT 
Title page
Certification
Dedication
Acknowledgment
Abstract
Table of content       

CHAPTER ONE
INTRODUCTION
1.1  Background of the study
1.2  Statement of problems
1.3  Objectives of the study
1.4  Research questions
1.5  Statement of hypothesis      
1.6  Significance of the study     
1.7  Scope and limitation of the study      
1.8  Definition of terms     
     References      

CHAPTER TWO 
LITERATURE REVIEW 
2.1   Pension policy implementation in Nigeria      
2.2   Historical perspective of pension policy in Nigeria 
2.3   Pension policy implementation problems      
2.4   The imperative of a contributory pension scheme 
2.5   Summary of literature review      
2.5.1The contributory pension scheme      
2.5.2Purpose of the new scheme      
2.6   Vital information on the new scheme      
        References      

CHAPTER THREE
3.0   Research methodology      
3.1   Research design      
3.2   Area of study      
3.3   Sources of data      
3.3.1Primary sources      
3.3.2Secondary sources      
3.4   Population of the study      
3.5   Determination of sample size      
3.6   Instrument for data collection      
3.7   Validity and reliability of the instrument      
3.8   Method of data collection      
3.9   Method of data analysis      
       References      

CHAPTER FOUR
DATA PRESENTATION AND ANALYSIS 
4.1  Presentation and analysis of data      
4.2  Data presentation and analysis research question 1   

CHAPTER FIVE 
SUMMARY OF FINDINGS, CONCLUSION AND RECOMMENDATIONS 
5.1 Summary of findings      
5.2 Conclusions      
5.3 Recommendations      
      Bibliography      
     Appendix      
     Questionnaire

RESTRUCTURING THE NIGERIAN PENSION SCHEMES FOR THE ECONOMIC WELL-BEING OF RETIRED WORKERS

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Details

Type Project
Department Banking and Finance
Project ID BFN0986
Price ₦3,000 ($9)
No of Pages 61 Pages
Format Microsoft Word

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    Details

    Type Project
    Department Banking and Finance
    Project ID BFN0986
    Price ₦3,000 ($9)
    No of Pages 61 Pages
    Format Microsoft Word

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