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
INFLUENCE OF COST CONTROL PRACTICES ON THE COST PERFORMANCE OF CONSTRUCTION PROJECTS IN ABUJA-FCT, NIGERIA
ABSTRACT
The Nigerian Construction Industry (NCI) faces numerous cost-related challenges that have in some cases increas...
ASSESSMENT OF SOCIAL STUDIES CURRICULUM IMPLEMENTATION IN JUNIOR SECONDARY SCHOOLS
ABSTRACT
This research work assessed the social studies curriculum implementation in J...
ASSESSING THE AVAILABILITY AND UTILIZATION OF BIOLOGY LABORATORY EQUIPMENT AMONG SENIOR SECONDARY SCHOOL STUDENTS IN GUSAU METROPOLIS, ZAMAFARA STATE, NIGERIA
ABSTRACT
This study was carried out to assessing the availability and utilization of biology laboratory equipment among senior secondary...
RELATIONSHIP BETWEEN ORGANIZATIONAL COMMITMENT,JOB SATISFACTORY AND PERFORMANCE AMONG OFFICER OF NIGERIA POLICE FORCE
ABSTRACT
This is a research study on the relationship between organizational commitment, job satisfac...
IMPROVING COLLABORATION BETWEEN TECHNICAL COLLEGES AND INDUSTRIES FOR SKILL ACQUISITION IN ELECTRICAL INSTALLATION AND MAINTENANCE
ABSTRACT
The study was carried out to determined ways that could be used for improving collaboration be...
EFFECT OF HAND WASHING ON THE PREVENTION OF INFECTIOUS DISEASES IN PUBLIC SECONDARY SCHOOLS IN NIGERIA
ABSTRACT
The purpose of the work was to study the effect of hand washing on the prevention of infectiou...
FINANCIAL RATIOS AS AN AID TO MANAGEMENT DECISION MAKING
BACKGROUND INFORMATION
Planning is one of the most important aspects in the management o a firm. It inv...
INFLUENCE OF NEWS CENSORSHIP ON THE PERFORMANCE OF MEDIA HOUSES IN NIGERIA (A STUDY OF NASARAWA BROADCASTING SERVICE, LAFIA)
Abstract
The aim of this study was to analysis the influence of News Censorship on the Performance of Media Houses in Nigeria. The aim of...
THE IMPACT OF REGULATORY COMPLIANCE ON PUBLIC ACCOUNTING FIRMS
THE IMPACT OF REGULATORY COMPLIANCE ON PUBLIC ACCOUNTING FIRMS
ABSTRACT
The objective of this study is to eval...
SURVEY ON SOCIETAL BELIEVE ON EARLY MARRIAGE IN NIGERIA (A CASE STUDY OF NINGI)
CHAPTER ONE:
INTRODUCTION
Background...
