AN ASSESSMENT OF PENSION SCHEME ON WORKERS’ PRODUCTIVITY A CASE STUDY OF MINISTRY OF ENVIRONMENT AND MINERAL RESOURCES, AKWA IBOM STATE CIVIL SERVICE, NIGERIA.

ABSTRACT

This study critically examined some of the justification for the assessment of pension scheme as part of its values that determined public servants productivity and pensioners welfare in the Ministry of Environmental and Mineral Resources in Akwa Ibom State. Three hypothesis were formulated based on the objectives of the study and they are stated thus: that workers productivity is a function of a good pension scheme and that the method used in running pension scheme is directly affecting workers productivity; that delay in policy implementation is one of difficulties associated with pension scheme. The main objective of this was to assess pension scheme on workers’ productivity, to examine the effect of pension scheme on the average Akwa Ibom State Civil Servant, to determine the method involving pension scheme are run and to also ascertain the difficulties associated with the scheme in Akwa Ibom State Ministry of Environment and Mineral Resources and the methodology employed to achieve these objectives was carried out through primary source of information, the primary source involved field survey that consists of administering questionnaire. The population used in this study is 150 and Taro Yamane formular was used to get the sample size of ninety three (93). Simple random sampling method was used in administering the questionnaire. The data collected was analysed statistically in form of a tabular presentation. In summary, the finding reveals that pension scheme in Akwa Ibom State Civil Service is in place and in conclusion, the study reveals that its aim has not been effectively carried out. Therefore, it is recommended that government and pension operators should put more effort in making sure that pension purpose is achieved for the betterment of the workers whose life after retirement is very important.

TABLE OF CONTENT
Title page – – – – – – – – – i
Certification – – – – – – – – – ii
Dedication – – – – – – – – – iii
Acknowledgements – – – – – – – – iv
Abstract – – – – – – – – – vi
Table of Content – – – – – – – – vii
List of Tables – – – – – – – – – ix
CHAPTER ONE: INTRODUCTION
1.1 Background of the Study – – – – – – 1
1.2 Statement of the Problem – – – – – – 7
1.3 Objectives of the Study – – – – – – 8
1.4 Research Question – – – – – – – 9
1.5 Research Hypothesis – – – – – – – 9
1.6 Significance of the Study – – – – – – 9
1.7 Scope and Limitations of the Study – – – – – 10
1.8 Definition of Terms – – – – – – – 10
1.9 Organization of the Study – – – – – – 11
CHAPTER TWO: REVIEW OF RELATED LITERATURE AND THEORETICAL FRAMEWORK
2.1 Conceptual Definition of Pension Scheme – – – – 12
2.1.1 Pension Scheme In Akwa Ibom State – – – – 21
2.2 Conceptual Definition of Workers’ Productivity – – – 22
2.2.1 Effect of Pension Scheme on Workers’ Productivity in Akwa Ibom
State Civil Service – – – – – – – 26
2.3 Case Study – – – – – – – – 28
2.4 Theoretical Framework – – – – – – 32
CHAPTER THREE: RESEARCH METHODOLOGY
3.1 Research Design – – – – – – – 33
3.2 Population of the Study – – – – – – 33
3.3 Sample and Sampling Technique – – – – – 34
3.4 Instrumentation – – – – – – – 35
3.4.1 Questionnaires – – – – – – – – 35
3.5 Validity of Instrument – – – – – – 35
3.6 Method of Data Analysis – – – – – – 35
CHAPTER FOUR: DATA PRESENTATION AND ANALYSIS
4.1.1 Analysis of Response Rate – – – – – – 38
4.2 Testing of Hypothesis – – – – – – – 46
4.3 Discussion of Findings – – – – – – 53
CHAPTER FIVE: SUMMARY, CONCLUSION AND RECOMMENDATION
5.1 Summary – – – – – – – – 55
5.2 Conclusion – – – – – – – – 58
5.3 Recommendations – – – – – – – 58
References
Appendices

LIST OF TABLES
Table 4.1.1 Percentage Analysis on the Gender of the respondents – 38
Table 4.1.2 Percentage Analysis on the age bracket of the Respondents – 39
Table 4.1.3 Percentage analysis on the marital status of the respondents – 39
Table 4.1.4 Percentage analysis on the educational qualification of the
Respondents – – – – – – – 39
Table 4.1.5 Percentage Analysis on the Religion of the respondents – 40
Table 4.1.6 Percentage Analysis on the job status of the respondents – 40
Table 4.1.7 Percentage Analysis on the year of service of the respondent 40
Table 4.1.8 Percentage Analysis on the Pension Reform Act 2004 – 41
Table 4.1.9 Percentage Analysis on the introduction of the new pension scheme 41
Table 4.1.10 Percentage Analysis on the prospects of the new pension scheme 42
Table 4.1.11 Percentage Analysis on the prompt payment of benefits – 42
Table 4.1.12 Percentage Analysis on the huge amount gain by the pension
Managers – – – – – – – 43
Table 4.1.13 Percentage Analysis on the privately management of the new pension
Scheme – – – – – – – 43
Table 4.1.14 Percentage Analysis on the Pensioners Verification – – 44
Table 4.1.15 Percentage Analysis on the Extent by which pension scheme affect
workers productivity in Akwa Ibom State Civil Service in the
Ministry of Environment and Mineral resources – – 44
Table 4.1.16 Percentage Analysis on the extent by which the method used in
running pension scheme affect workers’ productivity – 45
Table 4.1.17 Percentage Analysis on the Delay in policy implementation as
one of the difficulties associated with the administration of pension
scheme – – – – – – – – 45