IMPACT OF PENSION AND GRATUITY ON THE LIFE OF RETIREES

IMPACT OF PENSION AND GRATUITY ON THE LIFE OF RETIREES

ABSTRACT

The research Project titled “The impact of pension and gratuity on the life of retirees with particular reference to Enugu State pension board". The researcher examined why Enugu State Pension Board do not pay pension regularly. Determined the effect of non implementation of gratuity on the retirees. Examined the reasons for poor retirement benefits and its economic effects on Nigeria economy.  The scope of the study of this research work is Enugu State pension Board. The sources of data for this work is primary and secondary data with the sample size of 80. The population of this study was drawn from Enugu State pension Board. The instrument used for this research work is questionnaire comprising the statement of the problem and research hypothesis, method of data presentation of this work is analyzed with the use of sample table, pie-charts and percentages. Test analysis is used in this project work. The findings of this research work is that the fringe benefit (i.e retirement benefit) giving to the pensioners are meager compared to the responsibilities they have. The recommendations for this work is that the staff of the pension department concerned with the computation and payment of pension be made to understand the reasons for the payment of pensions and gratuity in the state.