BEFORE YOU READ THE ABSTRACT OR CHAPTER ONE OF THE PROJECT TOPIC BELOW, PLEASE READ THE INFORMATION BELOW.THANK YOU!
INFORMATION:
YOU CAN GET THE COMPLETE PROJECT OF THE TOPIC BELOW. THE FULL PROJECT COSTS N5,000 ONLY. THE FULL INFORMATION ON HOW TO PAY AND GET THE COMPLETE PROJECT IS AT THE BOTTOM OF THIS PAGE. OR YOU CAN CALL: 08068231953, 08168759420
WHATSAPP US ON 08137701720
DEVELOPING EFFECTIVE STRATEGY FOR PENSION ADMINISTRATION IN THE NIGERIAN PUBLIC SECTOR
CHAPTER ONE
1.0 INTRODUCTION
1.1 BACKGROUND OF THE STUDY
And coming to Nigeria, the country was guided by a number of pension regimes prior to the promulgation of the pension Act 2004, pension schemes in Nigeria had been be deviled with many pitfalls. The public service operated an unfounded defined benefit schemes and the payment of retirement benefits were budgeted annually. The annual budgetary allocation for pension was often one of the most vulnerable items in budgetimplementation in even where budgetary provisions were made,inadequate and untimely release of fund resulted in delays andaccumulation of arrears of payment of pension rights. It is then obviousthat, the defined benefit scheme could not be sustained.In the private sector on the other hand, many employees were not covered by the pension scheme put in place by their employers and many otherschemes were not funded. Besides, where the schemes were funded, themanagement of the pension funds was full of malpractices between thefund management and the trustees of the pension board.
The scenario agitated a re-think of pension administration in Nigeria bythe then President Olusegun Obasanjo`s administration, accordingly, the administration initiated a pension reform in order to address, eliminate and eradicate the problems associated with pension reform act 2004.Good times come and go, retirement is definite, and the question therefore is “Can people still live a good life after retirement”? The non-implementation of budgeted income to pensioners, a non-effective strategy for pension administration is seemingly a growing problem in Nigerian economy. 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.
They are therefore forced to go in search of menial jobs to make ends meet, since they are not even sure of getting their pensions. Apart from the stress associated with working at old age, how relevant can an individual be at age 70 or 80 in the face of everchanging knowledge brought about by advancement in technology? Besides, of what use is life without rest at old age? Even where one is willing and able to continue working, the opportunity for the elderly to continue working is declining.
However, it is against this backgrounds that the researcher wishes to develop effective strategy for pension administration in the Nigeria public sector.
HOW TO RECEIVE PROJECT MATERIAL(S)
After paying the appropriate amount (#5,000) into our bank Account below, send the following information to
08068231953 or 08168759420
(1) Your project topics
(2) Email Address
(3) Payment Name
(4) Teller Number
We will send your material(s) after we receive bank alert
BANK ACCOUNTS
Account Name: AMUTAH DANIEL CHUKWUDI
Account Number: 0046579864
Bank: GTBank.
OR
Account Name: AMUTAH DANIEL CHUKWUDI
Account Number: 3139283609
Bank: FIRST BANK
FOR MORE INFORMATION, CALL:
08068231953 or 08168759420