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DEVELOPING EFFECTIVE STRATEGY FOR PENSION ADMINISTRATION IN THE NIGERIAN PUBLIC SECTOR (A STUDY OF PENSION COMMISSION RIVERS STATE, NIGERIA)

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DEVELOPING EFFECTIVE STRATEGY FOR PENSION ADMINISTRATION IN THE NIGERIAN PUBLIC SECTOR (A STUDY OF PENSION COMMISSION RIVERS STATE, NIGERIA)

TABLE OF CONTENTS

Title Page—————————————————————-i

Approval Page———————————————————-ii

Dedication—————————————————————iii

Acknowledgement—————————————————–iv

Abstract——————————————————————v

Table of content——————————————————–vi

List of table————————————————————–vii

                                                      CHAPTER ONE

1.0 Introduction ——————————————————-1

  1.1 Background of the study —————————————-1

  1.2 Statement of the problem —————————————3

1.3 Objective of the study ——————————————–4

   1.4 Test of Hypotheses ————————————————4

  1.5 Research Questions————————————————-5

1.6 Significance of the study ——————————————-5

  1.7 Scope of the study—————————————————7

  1.8 Limitation of the study———————————————–7

  1.9 Definitions of terms ————————————————–8

                                                        CHAPTER TWO

LITERATURE REVIEW

2.0 Introduction ————————————————————10

  2.1 Historical  Development  of  Pension  Administration  and

reform in Nigeria ————————————————————14

  2.2 Nigeria Private Sector ————————————————–17

  2.3 The Udoji Pension Reforms ——————————————–19

  2.4 Survivor Benefits ———————————————————28

  2.5 Computation of retirement benefits ———————————-31

  2.6 Factors  attributable  to  poor  pension  Management  in  the  Nigeria

public Sector ———————————————————————34

  2.7 Strategies for Effective pension Administration in the Nigeria public

sector ——————————————————————————–37

  2.8 The National Pension Commission {PENCOM} ————————–43

                                                      CHAPTER THREE

RESEARCH DESIGN AND METHODOLOGY

  3.0 Introduction ——————————————————————–56

  3.1 Research Design ————————————————————–57

  3.2 Area of Study ——————————————————————57

  3.3 Source of Data —————————————————————–58

  3.4 Population of Study ———————————————————–59

  3. 5 Determination of Research Instrument ———————————60

  3.6 Sampling Procedure ———————————————————-61

  3.7 Administration of Research Instrument ———————————-62

  3.8 Method of data analysis —————————————————–62

                                                       CHAPTER FOUR

DATA ANALYSIS AND PRESENTATION

4.0 Introduction ——————————————————————63

  4.1 Data presentation and analysis ——————————————-63

                                                       CHAPTER FIVE

    SUMMARY, CONCLUSION, RECOMMENDATION

5.1 Summary of Finding ———————————————————-80

  5.2 Conclusion ———————————————————————84

  5.3 Recommendations ———————————————————–85

 Bibliography ———————————————————————–87

 Appendix I ————————————————————————–89

 Appendix ii ————————————————————————–90

                            LIST OF TABLES

Table 4.2.1   Administration and distribution of questionnaire

Table 4.2.2 Age distribution of Respondents

Table 4.2.3 Marital status of Respondents

Table 4.2.4 Position of Respondents

Table 4.2.5 Perception of Respondents as to whether a non-effective

and  efficient  strategy  of  pension  Administration  can  be  related  to

inadequate Accountability of public funds

Table  4.2.6  Perception  of  Respondents  as  to  whether  a  budgeted

income to pension are implemented

Table 4.2.7 Perception of Respondents as to the Delay in payment of

pension

Table  4.2.8  Perception  of  Respondents  as  to  whether  there  is  any

significant effect on pensioners as a result of non-payment of pension

Table  4.2.9  Perception  of  Respondents  as  to  whether  a  more  and

effective strategy for pension administration can be ensured efficient

Table  4.10  Can  non  effective  and  efficient  strategy  for  pension

administration can be due to poor pension Governance?

Table 4.11 is budgeted income to pensioners implemented as at when

due?