ABSTRACT
This research study on the "Assessment of
Pension Fund Reform in the Nigerian Public Institutions. A study of selected
institutes in Umuahia, Abia State". The work tried to know what Pension is
all about, types, and problems that lead to the failure of Pension schemes in
Nigeria and also the principles of a good Pension scheme. Furthermore, in
maintaining focus to the subject under study, objectives, research hypotheses,
etc. were all set to achieve the goal of the work. The literature review
studied historical development of Pensions in Nigeria, how different forms of
Pension schemes were managed, and are being managed. Also, what is obtainable
in Pension schemes in other countries of the world. Typical calculations and
computations on the old and new Pension schemes in Nigeria were all
illustrated. The merits of the new Pension scheme in Nigeria over the old
Pension scheme were also enumerated. The research methodology used in
investigating and analyzing the data received was stated. Tile field work was
tediously carried-out, which brought a feed-back from the people (public
servants), who were central to the information needed and used for the subject
of the research work. The researcher analyzed the data received, with which lie
made his summary- in the summary, testing the first Hypotheses showed that,
H0was rejected and H1was accepted. Thereby authenticating that there is
significant difference iii the opinion of the respondents that Pension Fund
Reform in the Nigerian Public Institutions showcase transparency, reliability
and accountability. The second null Hypotheses were equally rejected, thereby
proving that there is significant difference that the operations of the Pension
Fund Scheme are understood by Public Servants. It was recommended that PFA's
should aid their clients with Mathematical clarifications on the Statements of
Accounts sent to them, as such will erase their fears that their money is not
in bad hands but rather create the awareness that their Pension benefits are
safe. Another recommendation was that. Corporate entities, employees, etc. who
are not yet involved in the new Pension Fund Scheme should do so. Since the
Scheme will ensure employment opportunities, and contribute to economic
development in Nigeria.
IBENEME, N (2021). Assessment Of Pension Fund Reform In The Nigerian Public Institutions. (A Study Of Selected Institutes In Umuahia, Abia State).. Mouau.afribary.org: Retrieved Nov 01, 2024, from https://repository.mouau.edu.ng/work/view/assessment-of-pension-fund-reform-in-the-nigerian-public-institutions-a-study-of-selected-institutes-in-umuahia-abia-state-7-2
NDUBUJSI, IBENEME. "Assessment Of Pension Fund Reform In The Nigerian Public Institutions. (A Study Of Selected Institutes In Umuahia, Abia State)." Mouau.afribary.org. Mouau.afribary.org, 02 Jul. 2021, https://repository.mouau.edu.ng/work/view/assessment-of-pension-fund-reform-in-the-nigerian-public-institutions-a-study-of-selected-institutes-in-umuahia-abia-state-7-2. Accessed 01 Nov. 2024.
NDUBUJSI, IBENEME. "Assessment Of Pension Fund Reform In The Nigerian Public Institutions. (A Study Of Selected Institutes In Umuahia, Abia State).". Mouau.afribary.org, Mouau.afribary.org, 02 Jul. 2021. Web. 01 Nov. 2024. < https://repository.mouau.edu.ng/work/view/assessment-of-pension-fund-reform-in-the-nigerian-public-institutions-a-study-of-selected-institutes-in-umuahia-abia-state-7-2 >.
NDUBUJSI, IBENEME. "Assessment Of Pension Fund Reform In The Nigerian Public Institutions. (A Study Of Selected Institutes In Umuahia, Abia State)." Mouau.afribary.org (2021). Accessed 01 Nov. 2024. https://repository.mouau.edu.ng/work/view/assessment-of-pension-fund-reform-in-the-nigerian-public-institutions-a-study-of-selected-institutes-in-umuahia-abia-state-7-2