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

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                                      4

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.

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