User Guide before placing order for complete project topics and materials:

It is important that the researcher knows exactly what he is go to do so that I could be done effectively.Make sure you update any research work you purchased on our website. Do not copy word for word. Using our research is legal. Our aim is to provide project topics and materials for easy access to information and to reduce stress of moving from one book stop or library to another in the name of sourcing for one research textbook or research materials. We do not encourage any form of plagiarism. Our aim is to generate research project ideas for students. The contents of the project material provide will help students to generate new ideals. Every researcher must look around him in his immediate environment and beyond to improve the work. To order the below complete project materials, Make payment deposit or cash transfer into any of the following banks:

GTBANK

Account Name: Chi E-Concept Intl, Account Number: 0115939447

Other payment options

We accept cash deposit, cash transfer and Bitcoin.

Click on download to complete your order.Call or Whatsapp +23408063386834

CLICK HERE TO CHAT WITH OUR CUSTOMER SUPPORT TEAM ON WHATSAPP

THE MANAGEMENT OF PENSION SCHEME IN NIGERIA (PROBLEMS AND PROSPECTS)

 

ABSTRACT

 

This research work is on the topic, “The Management of Pension Scheme in Nigeria (Problems and Prospects).

The work is divided into five chapters; chapter one deals with the introduction, statement of the problems, objectives of study, significance of the study, research questions, scope and limitations and definition of terms.

Chapter two covers literature review, historical development and so on. Chapter three covers research methodology which includes sources of data, population of study, instruments used and validity of data, population of study, instruments used and validity of the instruments.

Chapter four deals with the summary of findings and discussion of findings. Chapter five deals with the conclusion and the recommendation after going through the whole research work.

 

CHAPTER ONE

 

CHAPTER ONE: INTRODUCTION                                  1

1. Background of the Study                                         1
2. Statement of the Problem                                 4
3. Objective of the Study                                      4
4. Significance of the Study                                         5
5. Research Questions                                          6
6. Scope and Limitation of the Study                     7
7. Definition of Operational Terms                         8

CHAPTER TWO

2.1. Review of Related Literature                              12

2.2  Historical development of pension scheme

in Nigeria                                                        12

1. Types of Retirement Benefit Schemes Approved

by Joint Tax Board                                           14

1. The need for pension scheme in Nigeria              16
2. Function/Rule of Pension Scheme                       19
3. The Benefit of Pension Scheme                          20
4. Role of the approval of Retirement                    

Benefit Scheme                                               21

1. General Administration of Pension Scheme

in Nigeria                                                        22

1. Circumstance for Payment of Benefits                 24
2. Problems of Pension and Gratuity Schemes

in Nigeria                                                        26

 

 

 

CHAPTER THREE

1. An Overview                                                   31
2. Sources of Data                                               31
3. Location of the Study                                       32
4. Population of the Study                                    32
5. Sample Size of the Study                                         33
6. Instrument Used in Determination of Sample Size       34
7. Validity of the Instrument                                 35
8. The Statistical Method of Data Presentation

and Analysis                                                    35

3.9  Data Presentation and Analysis                          36  

 

CHAPTER FOUR

1. Summary of Findings                                       39
2. Discussion of Findings                                      40

 

 

 

CHAPTER FIVE

1. Conclusion                                                      41
2. Recommendations                                           42

 

Bibliography                                                    45

Questionnaire                                                  46

 

 

CHAPTER ONE

 

INTRODUCTION

1.1  BACKGROUND OF THE STUDY

Many Nigerians today hardly understand what pension scheme is all about. Though some employers have established occupational pension scheme while other have not a predicated the value of pension scheme.

Those that have not appreciated the value of pension scheme should be encourage ed to do so immediately while the efforts of the  progressive employers that provide adequately for the needy should be emulated. While introducing this subject matter of this project, it is necessary that a brief definition of pension be given. Pension is defined as a series of regular payments by an employer or the government to former employee who has reached his normal working life.

This pension payment is due when an employee attains the age of 65 years for all government establishment or at the point of disability or death.

According to the law of diminishing return, a stage is reached when the employees output is below the employers input on him. At such a stage it becomes absolutely necessary for the employee to stop working as his efforts are more or less being wasted from the employers point of view. Such an employee security is provided during retirement since there is pension scheme arrangement.

Apart from basic importance of providing pension, there are others and they include the purpose of pension scheme which make individual have a sense of belonging, strengthens, and create foundation for industrial peace. Thus, any pension scheme which provides for periodic payment to retired employees with the facility of extending the benefits to eligible survivors of usually acceptable to workers.

Now that the policy of setting up pension scheme in any part of the country whether private administered (trust) or insured scheme has been established, the problems which the researcher wants to work on is the management of pension scheme in Nigeria.

The problems encountered by retired civil servants because of the use of term in funding method, the effect of inflation in pension fund and many other problems have been taken care by the pension reform Act 2004.

 

1.2  STATEMENT OF THE PROBLEM

The following are problems formulated for the study of the research work.

1. Failure of the public to understand the potentials of the contribution of pension scheme towards economic security.
2. Unawareness of the existence of contributory pension scheme in private sectors establishment.
3. Poor knowledge of the public on how pension scheme are managed.

 

1.3  THE OBJECTIVE OF THE STUDY

The objective of this research work includes:

1. To examine the workability of the management of pension scheme in Nigeria.
2. To evaluate how pension scheme has helped to reduce the level of economic insecurity at old age.
3. To explain how pension scheme works and different types of retirement benefit schemes approved by pension reforms Act 2004.
4. To ascertain the pension scheme contributions towards economic growth and development of the country.

 

1.4  SIGNIFICANCE OF THE STUDY

This study will be of benefits to the following:

This study will be useful for students academic purpose and it will serve as a database for students academic carrying and future research in the related topic in future.

PENSION MANAGERS

The study will be of immense relevant to pension managers, administrators and customers of pension fund.

STAKEHOLDERS

The study will educate and as well serve as a means of creating more awareness on the importance/benefit of pension scheme.

 

 

RESEARCHERS

This study will provide some useful information to researchers and will give the basis for validating or disapproving the findings of the research work.

NATION AT LARGE

The study will offer the pension management the ways and means through which inflation can be efficiently tackled.

 

1.5  RESEARCH QUESTIONS

1. Does pension s
   
   
   Get the complete project material now!