Appraisal Of Pension Fund Accounting In Nigeria Public Sector: A Comparative Approach (A Study Of University Of Calabar)
ABSTRACT
This research work focuses
mainly to find out the challenges militating against the effective and
efficient running of pension in the University of Calahar on the other hand, it
will enhance the effectiveness of the I\1at10na1 Pension COfl21fllSSiOfl and
Federal Pension Board towards their jobs. The find that some flictors hindered
the administration of the old pension fund scheme such as unfounded aspect of
the scheme that made Nigerian government to have accumulated much pension liab
ilities. There challenges made the federal government of Nigeria to em bark upon
new pension reform which was signed into law on 2011? June, 2004. For the
existing pensioners who were not under the new pension reform, the federal
government introduced the new c-payment scheme. Therejbre, Nigeria stands to
benefits from the new pension scheme as it addresses the pension liability by
stem/fling its flirther growth. This research work revenues that there is no
significant difference between old and new pension scheme, and that the new
pension scheme and its accounting method does not have any eJfrct on the
pensioner 's wellbeing. Therefore, government at difftrent levels with the help
of National Pension (WPC) must ensure the adherence to the provisions of the
pension reform Act 2004.
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ACHI, U (2021). Appraisal Of Pension Fund Accounting In Nigeria Public Sector: A Comparative Approach (A Study Of University Of Calabar). Mouau.afribary.org: Retrieved Nov 01, 2024, from https://repository.mouau.edu.ng/work/view/appraisal-of-pension-fund-accounting-in-nigeria-public-sector-a-comparative-approach-a-study-of-university-of-calabar-7-2
UKAMAKA, ACHI. "Appraisal Of Pension Fund Accounting In Nigeria Public Sector: A Comparative Approach (A Study Of University Of Calabar)" Mouau.afribary.org. Mouau.afribary.org, 22 Nov. 2021, https://repository.mouau.edu.ng/work/view/appraisal-of-pension-fund-accounting-in-nigeria-public-sector-a-comparative-approach-a-study-of-university-of-calabar-7-2. Accessed 01 Nov. 2024.
UKAMAKA, ACHI. "Appraisal Of Pension Fund Accounting In Nigeria Public Sector: A Comparative Approach (A Study Of University Of Calabar)". Mouau.afribary.org, Mouau.afribary.org, 22 Nov. 2021. Web. 01 Nov. 2024. < https://repository.mouau.edu.ng/work/view/appraisal-of-pension-fund-accounting-in-nigeria-public-sector-a-comparative-approach-a-study-of-university-of-calabar-7-2 >.
UKAMAKA, ACHI. "Appraisal Of Pension Fund Accounting In Nigeria Public Sector: A Comparative Approach (A Study Of University Of Calabar)" Mouau.afribary.org (2021). Accessed 01 Nov. 2024. https://repository.mouau.edu.ng/work/view/appraisal-of-pension-fund-accounting-in-nigeria-public-sector-a-comparative-approach-a-study-of-university-of-calabar-7-2