ABSTRACT
This research project investigated
the Impact of Pension Reform Act 2004 with particular reference to the actual
effect it has on public sector retirement benefit administration. Since independence,
pension administration in public and private sectors has suffered considerable
neglect and necessary pension schemes required to guide government in
administration of pension as well as providing accurate and timely financial
requirement/data to reflect retirement benefits. This has naturally resulted to
serious problem and considerable criticism ranging from lack of attention, late
payment of pension allowances, 5ension crisis, fraud, inaccuracies/non
availability of records and funds. These problems and delays in payment of
gratuity and pensions have been linked to record keeping and lack of funds
which has caused the loss of lives of many pensioners and government property.
The above realities should stir our minds on the necessity for a study of the
need to address these problems. Well — structured questionnaire were used to
collect data from respondents. The methodology adopted was simple descriptive
analysis, the ordinary least square (OLS) regression and logistic regression
model. Data were collected primarily and secondarily using questionnaire,
personal interview and pension reform act 2004. The data collected were
analyzed and applied in testing the hypothesis. Hypothesis 1 and 2 were tested
using the regression model. Based on the overall research findings, it was
concluded that there is need to enhance public sector retirement benefits.
AZUBUIKE, A (2021). The Impact Of Pension Reform Act 2004 On Public Sector Retirement Administration . Mouau.afribary.org: Retrieved Nov 01, 2024, from https://repository.mouau.edu.ng/work/view/the-impact-of-pension-reform-act-2004-on-public-sector-retirement-administration-7-2
ADAKU, AZUBUIKE. "The Impact Of Pension Reform Act 2004 On Public Sector Retirement Administration " Mouau.afribary.org. Mouau.afribary.org, 07 Jul. 2021, https://repository.mouau.edu.ng/work/view/the-impact-of-pension-reform-act-2004-on-public-sector-retirement-administration-7-2. Accessed 01 Nov. 2024.
ADAKU, AZUBUIKE. "The Impact Of Pension Reform Act 2004 On Public Sector Retirement Administration ". Mouau.afribary.org, Mouau.afribary.org, 07 Jul. 2021. Web. 01 Nov. 2024. < https://repository.mouau.edu.ng/work/view/the-impact-of-pension-reform-act-2004-on-public-sector-retirement-administration-7-2 >.
ADAKU, AZUBUIKE. "The Impact Of Pension Reform Act 2004 On Public Sector Retirement Administration " Mouau.afribary.org (2021). Accessed 01 Nov. 2024. https://repository.mouau.edu.ng/work/view/the-impact-of-pension-reform-act-2004-on-public-sector-retirement-administration-7-2