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Developing Effective Strategy For Pension Administration In The Nigerian Public Sector
[A STUDY OF PENSION COMMISSION RIVERS STATE, NIGERIA]
CHAPTER ONE -- [Total Page(s) 3]
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1.2 STATEMENT OF THE PROBLEM
First comes the layoffs then pay cuts
finally a delay in the payments of benefits due to poor policy
formulation and implementation, incorrect record keeping and inadequate
accountability of public funds. The non-implementation of budgeted
income to pensioners, delay in the payment
and denial of pension
accrued to pensioners leading to pensioners protesting over non-payment
of pensions and non-compliance with ethics of public financial
management.
1.3 OBJECTIVES OF THE STUDY
The aims and objectives of the study are to ;-
1. To proffer solutions to the problem that brings about a non-effective and efficient management in pension administration.
2. To identify measures and steps dealing with the issues of poor implementation of budgeted income to pensioners.
3. To examine the quality of personnel in various pension boards.
4. To ascertain whether the administration of pension funds are done judiciously.
1.4 TEST OF HYPOTHESIS
For the purpose of the study, the following hypothesis were put forward;-
1. Ho : Non-effective and efficient management cannot be compared to poor pension administration.
2. Hi : Non-effective and efficient management can be compared to poor pension administration.
Ho : The budgeted income to pension are not implemented as at when due.
Hi : The budgeted income are implemented as at when due
1.5 RESEARCH QUESTIONS
1. Can people still live a good life after retirement?
2. Why poor policy formation and implementation of pension benefits?
3. Does incorrect record keeping and inadequate accountability of public funds case delay pension benefits?
4. Does non-implementation of budgeted income to pensioner leading to pensioners protesting over non-payment of pension?
5. Does non-compliance with ethics of public financial management cause problem of pension?
1.6 SIGNIFICANCE OF THE STUDY
Holistic
change is required in order to create a framework that will enable
consumers have a greater financial security at old age. This study
signifies a whole lot; it is intended to find out the intrinsic and
extrinsic cause of poor pension administration. The findings will
hopefully:
1. Assist the researcher that although simple in nature will
a. Effect radical improvements in the administration of pension funds
b. Deliver significant benefits to all consumers when they retire.
2. Serve as a guide to public official in charge of this administration of pension funds to pensioners.
3. Assist the governments in setting priorities according to their social fiscal policies.
4. Enable providers of pension, plans quickly to improve the flexibility and appropriateness of today`s product.
However,
it is the researcher`s belief that greater attention to ethical and
social responsibilities will improve the way pension funds are managed
and ministered.
CHAPTER ONE -- [Total Page(s) 3]
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ABSRACT - [ Total Page(s): 1 ]ABSTRACTThis research work is designed to develop effective strategy for pension administration in the Nigeria public sector, using pension commission as a study. The research work reveals how some retirees are forced to continue to work throughout their life, not out of choice but for lack of means of sustenance at old age. The sources of data collection for this work are primary and secondary sources, the researcher in this process of data collection for the research regarded the questionnaire ... Continue reading---
