THE CHALLENGES AND PROSPECT OF MANAGING PENSION FUNDS IN THE PUBLIC SERVICE (A CASE STUDY OF KOGI STATE PENSION BOARD)

Type Project Topics
Faculty Administration
Course Business Administration
Price ₦2,500
Key Features:
- No of Pages: 36

- No of Chapters: 5

- Analysis Included

- Tables Included

- Bibliography Included

- Questionnaire Included
Introduction:

Abstract

This research is aimed at unveiling the challenges and prospects of managing pension fund in the public service. In order to achieve these objectives, primary and secondary data formed the main source of information. Simple percentages, table and chi-square collected for this research, it was discovered that some factors militate against the management of the public pension funds, such as inconsistence, porosity in policy formulation and implementation and inadequate funding. Therefore the researcher recommended that government should ensure consistency in her policies relating to pension, the board should be adequately funded and qualified personnel should be employed to manage the affairs of the board. In conclusion, the researchers suggest that the government should meet the demand of paying the public civil servants after retiring from service.

Table of Content

TABLE OF CONTENTS

TITLE PAGE………………………………………………………………………..i

CERTIFICATION………………………………………………………...………..ii

DEDICTION……………………………………………………………………....iii

ACKNOLEDGEMENTS……………………………………………………….…iv

LIST OF TABLE………………………………………………………………..v-vi

ABSTRACT………………………………………………………………………vii

TABLE OF CONTENTS………………………………………………………viii

CHAPTER ONE: INTRODUCTION

1.1 Background to the Study……………………………………………………….1

1.2 Statement of the Problem………………………………………………………2

1.3 Research Questions…………………………………………………………….2

1.4 Objectives of the Study…………………………………………………………3

1.5 Statement of Hypotheses……………………………………………………….3

1.6 Significance of Study…………………………………………………………...3

1.7 Scope and Limitations of the Study…………………………………………....4

1.8 Definition of key Term………………………………………………………..5

1.9 Organization of Work………………………………………………………….5

CHAPTER TWO: LITERATURE REVIEW

2.1 Introduction………………………………………………………………….…6

2.2 The concept of pension…………………………………………………………6

2.3 Type of pension…………………………………………………………..…7

2.4 Important of pension funds and benefit………………………………….….9

2.5 Challenges and prospect of managing pension funds in the public service

Reference………………………………………………………………….……11

2.6 An overview of Kogi State pension board……………………………….…11

CHAPTER THREE: RESEARCH METHODOLOGY

3.1 Introduction……………………………….……………………………..…15

3.2 Research Design……………………………………………………………15

3.3 Population of the Study…………………………………………………….15

3.4 Sample Size and Sampling Technique………………………………..……15

3.5 Sources And Methods of Data Collection………………………………...16

3.6 Methods Of Data Analysis………….……………………………………..17

CHAPTER FOUR: DATA PRESENTATION AND ANALYSIS

4.1 Introduction………………………………………………………………..21

4.2 Data Presentation and Analysis………………..………………………..…21

4.3 Test of hypotheses…………………………………………………………27

CHAPTER FIVE: SUMMARY, CONCLUSIONS AND RECOMMENDATIONS

5.1 Summary of Findings……………………………………………………...29

5.2 Conclusions…..……………………………………………………………30

5.3Recommendation…………………………………………………………..30

References

Questionnaire

Appendix

Introduction

The subject of pensions has increasingly become a very emotive issue all over the world. The increased public interest in pension matters has been stimulated not only by the forces of globalization but also by domestic socio-economic factor. In his regard, one think of the pressure of everyday living characterized by contently increasing cost of living and the disintegration of the social safety net, which African families and communities had traditionally provided for their members, especially children and the aged.
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