CHALLENGES FACED BY RETIREES IN ACCESSING PENSION FUNDS
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 3000
Abstract
This study assessed challenges faced by retirees in accessing pension fund in Nigeria: It was conducted in Abeokuta South LGA. More specifically, the study examined procedures used in processing Pension Benefits in PSPF and challenges faced by retirees when accessing pension benefits from social insurance funds. It further, assessed the impact of challenges of the social security fund to the retirees and other stakeholders. This is the case study design which used mixed method, namely, the qualitative and quantitative researches. Interview, questionnaires, non-participant observation and documentary review were employed as the instruments for the data gathering. The findings revealed there are procedures that have to be followed. Before retirement one gives notification to employer six months before receiving retirement benefits. As regard, retirement benefits, a lump sum is given once after retirement and second part of the pension is that which the employees are receiving after every month. The findings also revealed most of the complaints were the inadequacy of benefits, delays in payments, lack of update information about the schemes and the amount of individual contributions made, estimated benefits statements and incomplete contribution records. Furthermore, findings disclosed that for instance many teachers’ retirees are virtually forced to live very precarious lives and they cannot meet their basic needs due to the delays in pensions and falling in household incomes. Based on the findings, it is recommended that the Social Security Fund should regulate the relationship between the contributions made by the members to PSPF before retirement to be proportional to the benefit they receive after retirement.
Related Project Materials
HISTORY OF HUMAN RIGHTS VIOLATIONS IN NIGERIA, 1970-1999
Statement of Problem
Despite more than a decade of democratic governance and endorsement of universal declaration of hum...
SOCIO ETHICAL IMPLICATIONS OF UNEMPLOYMENT AMONG NIGERIAN YOUTHS
Background to the Study
A nation’s progress is largely judged by the extent of productivity it ac...
COMMUNICATION AS A TOOL FOR ENHANCING ORGANIZATIONAL PERFORMANCE
The title of this project is communication as a tool for enhancing organizational performance. The aim...
INFLUENCE OF SUPERVISION ON PROVISION AND MANAGEMENT OF RESOURCES IN SECONDARY SCHOOLS IN KANO METROPOLIS, KANO STATE, NIGERIA
ABSTRACT
This study is on “Influence of Supervision on Provision and Management of Resources in Secondary Schools in Kano Metropoli...
CORPORATE GOVERNANCE AND THE FINANCIAL PERFORMANCE OF PENSION FUND ADMINISTRATORS IN NIGERIA
ABSTRACT
This study was designed to empirically investigate the effect of corporate governance on the f...
THE IMPORTANCE OF FINANCIAL ACCOUNTING LITERACY ON THE GROWTH, DEVELOPMENT, SURVIVAL, PRODUCTIVITY AND PERFORMANCE OF SMES IN KWARA STATE
ABSTRACT
This study was carried out to examine the importance of financial accounting literacy on the g...
THE ROLE OF THE TEACHER IN CLASSROOM MANAGEMENT IN NIGERIA
ABSTRACT
The study examines the role of the teacher in classroom management. The population of the stud...
INFLUENCE OF FAMILY FACTORS ON ACADEMIC ACHIEVEMENT OF SECONDARY SCHOOL STUDENTS IN ENGLISH LANGUAGE (A CASE STUDY OF YAKURR LOCAL GOVERNMENT AREA OF CROSS RIVER STATE)
ABSTRACT
This study was carried out in order to determine the influence of family factors on the academic achievement of...
SOCIO ECONOMIC AND CULTURAL FACTORS MILITATING AGAINST COMMUNITY DEVELOPMENT
ABSTRACT
Over the years, Ideato North Local Government Area of Imo state has been experiencing a slow rate of developme...
AN INVESTIGATION INTO PERCEPTION AND ACCEPTANCE OF CAESAREAN SECTION AMONG PREGNANT WOMEN
BACKGROUND OF STUDY
In the majority of underdeveloped nations, including Nigeria, maternal mortality is th...
