An Exposition of the Pension Scheme Management in Nigeria: A Case Study of South-Eastern States
Journal Title: Saudi Journal of Business and Management Studies - Year 2017, Vol 2, Issue 10
Abstract
Abstract:To retire is an inevitable event that is bound to happen to every worker in a life time and pension scheme is to provide the employees of an organization with the means of securing on retirement, a standard of living reasonably consistent with that they enjoyed while in service. This is because, at old age man tends to depend on others for assistance and survival, therefore, man has been seeking for ways to make life in old-age meaningful and fulfilled after one has put in his active years in service. Based on the pain, sorrow and problems of retirees in the society (Nigeria), this work seeks to proffer solutions to this age long problem or retirement benefits. This study was conducted using questionnaires and the data analysis for the research was mainly descriptive, which is by the use of Chi-square method. The finding shows that inconsistency in pension polices affect the management of pension. The study thus, concluded that consistency, sincere and honest management of pension fund administration will be the hope of the age long problem of the pension scheme management in Nigeria, hence hope and for better and desirous retirement. Keywords:Pension, Retirement, Pension reform, Nigeria &Pension Fund Administrators
Authors and Affiliations
Onwuka, Izundu CC, Nwanosike Dominic U, Joseph Fineboy I, Omeonu Obioma
Keywords
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