Appraisal Of Pension Fund Accounting In Nigeria Public Sector: A Contemporary Approach (A Study Of Selected Ministries In Abia State)
ABSTRACT
This research work focuses mainly to find out the challenges
militating against the effective and efficient running of pension in he
selected ministries in Abia State, on the other hand, it wi/I enhance the
effectiveness of the National Pension Commission and Federal Pension Board
towards their jobs. The fact that some factors 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 liabilities. There
challenges made the federal government of Nigeria to embark upon new pension
reform which was signed into law on 20th June, 2004. For the existing pensioners
who were not under the new pension reform, the federal government introduced
the new c-payment scheme. Therefore, Nigeria stands to benefits from the new
pension scheme as it addresses the pension liability by stemming its further
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 effect on the pensioner's wellbeing.
Therefore, government at different levels with the help of National Pension
(NPC) must ensure the adherence to the provisions of the pension reform Act
2004.
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MGBECHIKWERE, M (2021). Appraisal Of Pension Fund Accounting In Nigeria Public Sector: A Contemporary Approach (A Study Of Selected Ministries In Abia State). Mouau.afribary.org: Retrieved Nov 29, 2024, from https://repository.mouau.edu.ng/work/view/appraisal-of-pension-fund-accounting-in-nigeria-public-sector-a-contemporary-approach-a-study-of-selected-ministries-in-abia-state-7-2
MIRIAM, MGBECHIKWERE. "Appraisal Of Pension Fund Accounting In Nigeria Public Sector: A Contemporary Approach (A Study Of Selected Ministries In Abia State)" Mouau.afribary.org. Mouau.afribary.org, 26 Nov. 2021, https://repository.mouau.edu.ng/work/view/appraisal-of-pension-fund-accounting-in-nigeria-public-sector-a-contemporary-approach-a-study-of-selected-ministries-in-abia-state-7-2. Accessed 29 Nov. 2024.
MIRIAM, MGBECHIKWERE. "Appraisal Of Pension Fund Accounting In Nigeria Public Sector: A Contemporary Approach (A Study Of Selected Ministries In Abia State)". Mouau.afribary.org, Mouau.afribary.org, 26 Nov. 2021. Web. 29 Nov. 2024. < https://repository.mouau.edu.ng/work/view/appraisal-of-pension-fund-accounting-in-nigeria-public-sector-a-contemporary-approach-a-study-of-selected-ministries-in-abia-state-7-2 >.
MIRIAM, MGBECHIKWERE. "Appraisal Of Pension Fund Accounting In Nigeria Public Sector: A Contemporary Approach (A Study Of Selected Ministries In Abia State)" Mouau.afribary.org (2021). Accessed 29 Nov. 2024. https://repository.mouau.edu.ng/work/view/appraisal-of-pension-fund-accounting-in-nigeria-public-sector-a-contemporary-approach-a-study-of-selected-ministries-in-abia-state-7-2