ABSTRACT
The main aim of this research is to find out
the problem militating against the effective and efficient running of pension
fund tin public sector. On the other hand, to enhance the effectiveness of the
National pension Commission toward there jobs in recent years. The fact that
some factor impeded the administration of the old pension fund scheme such as
unfunded aspect of the scheme has made the Nigerian Government to have
accumulated pension liabilities. Pension fund has to be accounted for, and for
this purpose proper books or records of account have to keep by government,
Pension Fund. Administrators, Pension Asset custodian, Employers, and the
pension desk officers. The population of this research is the entire staff of
Michael Okpara University of agriculture Umudike, which has a population of
about 1100. From this population, a sample of 76 staff was taken at this random
from eight colleges, Registry and Bursary Department. The data for this
research was sourced through primary and secondary sources of data. The primary
data through questionnaire distributed to the staff of the university and was
analyzed using the chi-square statistic (X2 ). Based on the hypothesis tested,
it was observed that, documentations has being justified as the problem of
pension payment that requires a greater attention, the retirement savings
account of the pensioner accts like a savings bank account etc. Therefore,
Nigeria stand to benefit from the new pension scheme as it addresses the
pension liability by stemming its further growth and provides a platform for
addressing this liability. The scheme also imposes fiscal discipline on the nation
is a solid foundation for economic development.
EZEKUGOBE, N (2021). Pension Fund Accounting In Public Service (A Case Study Of Michael Okpara University Of Agriculture Umudike) . Mouau.afribary.org: Retrieved Nov 27, 2024, from https://repository.mouau.edu.ng/work/view/pension-fund-accounting-in-public-service-a-case-study-of-michael-okpara-university-of-agriculture-umudike-7-2
NWANNEKA, EZEKUGOBE. "Pension Fund Accounting In Public Service (A Case Study Of Michael Okpara University Of Agriculture Umudike) " Mouau.afribary.org. Mouau.afribary.org, 23 Jul. 2021, https://repository.mouau.edu.ng/work/view/pension-fund-accounting-in-public-service-a-case-study-of-michael-okpara-university-of-agriculture-umudike-7-2. Accessed 27 Nov. 2024.
NWANNEKA, EZEKUGOBE. "Pension Fund Accounting In Public Service (A Case Study Of Michael Okpara University Of Agriculture Umudike) ". Mouau.afribary.org, Mouau.afribary.org, 23 Jul. 2021. Web. 27 Nov. 2024. < https://repository.mouau.edu.ng/work/view/pension-fund-accounting-in-public-service-a-case-study-of-michael-okpara-university-of-agriculture-umudike-7-2 >.
NWANNEKA, EZEKUGOBE. "Pension Fund Accounting In Public Service (A Case Study Of Michael Okpara University Of Agriculture Umudike) " Mouau.afribary.org (2021). Accessed 27 Nov. 2024. https://repository.mouau.edu.ng/work/view/pension-fund-accounting-in-public-service-a-case-study-of-michael-okpara-university-of-agriculture-umudike-7-2