Developing Effective Strategy For Pension Administration In Nigeria

ABSTRACT

This research work is designed to develop effective strategy for pension administration in Nigeria. The research work reveals how some retirees are forced to continue to work throughout their life, not out of choice but for lack of means of sustenance at old age. The source of data collection for this work are primary and secondary sources, the researcher in this process of data collection for the research regarded the questionnaire to serve as the most important instrument used in the research and the data gathered from questionnaire are analyzed by simple percentage. The regression technique was employed to test the hypothesis and interpret the information for better understanding. The findings reveal that, there is no significant relationship between effective strategy and pension administration in Nigeria in Nigeria public sector and is likened to poor pension administration and budgeted income to pensioners are not implemented as at when due. The implications were that, committees should be set up to audit the performance of pension boards and other pension act.