Non-Contributory Pension Scheme and Welfare of Retired Civil Servants in Ebonyi State, Nigeria

2014 ◽  
Vol 12 (1) ◽  
Author(s):  
Ifeanyi P. Onyeonoru ◽  
Joshua O. Nweke
Keyword(s):  
Sampling Technique ◽  
Pension Funds ◽  
Household Size ◽  
Civil Servants ◽  
Pension Scheme ◽  
Retirement Benefits ◽  
Multi Stage ◽  
Depth Interviews

The challenges pensioners experience in the non-contributory pension scheme before accessing their retirement benefits are enormous in Nigeria. Delays in the payment of pensions and gratuities, coupled with frustrations during screening exercises have negative implications on pensioners’ welfare. These challenges necessitated the introduction of contributory pension scheme in 2004. This study examined the influence of the non-contributory pension scheme on post retirement life of civil servants in Ebonyi State. Multi-stage sampling technique was used to administer questionnaire to 365 respondents. In-depth interviews were conducted with three key respondents. There was a significant association between monthly pension’s distribution of retirees’ and meeting their welfare needs. The majority of the respondents indicated that the pension provided under the non-contributory pension scheme was not adequate in meeting retirees’ welfare needs. Also, there was a significant association between monthly pensions and retirees’ household size. Indepth interviews revealed inadequate preparations for retirement by pensioners, delay in payment of retirement benefits, embezzlement of pension funds, corrupt practices among pension managers and governments’ unwillingness to review pensions as challenges confronting the non-contributory pension scheme. The provisions of the non-contributory pension scheme were inadequate in meeting retirees’ welfare needs in Ebonyi State. The study therefore recommended the adoption of the 2004 Pension scheme so as to overcome the challenges inherent in the management of noncontributory pension scheme in Ebonyi State, Nigeria.

scholarly journals Pension and retirement intentions as determinants of employee engagement and productivity

2021 ◽  
pp. 1601-1606
Author(s):  
Nur Hasan Kurniawan ◽  
Mahmuddin Yasin ◽  
Hamidah Hamidah
Keyword(s):  
Employee Engagement ◽  
Human Resource ◽  
Financial Management ◽  
Pension Fund ◽  
Sampling Technique ◽  
Pension Funds ◽  
Pension Scheme ◽  
Research Approach ◽  
Occupational Pension ◽  
Retirement Intentions

The issue of pension funds is not only a financial matter, but also a human resource. Pension funds do not stand alone, but are assumed to be related to other human resource (HR) variables. Starting from this background, this study aims to examine the effect of the occupational pension scheme (OPS) and retirement intentions (RI) variables partially on employee productivity (EP) directly or through employee engagement (EE), the effect of OPS on RI, and the effect of OPS on EP through RI. Post-positivist is the research paradigm, with a quantitative research approach, with explanatory causal types and statistical studies. Dapenma-Pamsi is selected as the location of this research and we choose the Joint Pension Fund of municipal waterwork which are located in six provinces in Java Island. The sampling technique for this study was proportionate stratified random sampling, with a total sample of 500 active Dapenma-Pamsi participants in six provinces in Java. The research instrument was a questionnaire with a Likert scale of 1-7. The data analysis technique used SEM-AMOS. The results of the study are supported by ten research hypotheses. The novelty of this research is the integration of variables rooted in the discipline of financial management and variables from the discipline of human resource management. This research is also could help Indonesia Government foster the growth of Private Pension Fund Program in Indonesia.

scholarly journals Assessment of Knowledge and Physical Activity Pattern of Civil Servants in Ilorin South Local Government, Kwara State, Nigeria

2021 ◽  
Vol 1 (2) ◽  
pp. 115-127
Author(s):  
Adewale Adeoye ◽  
Yusuf Naimat Aderonke ◽  
Abubakar Nurudeen Ojo
Keyword(s):  
Physical Activity ◽  
Local Government ◽  
Activity Pattern ◽  
Demographic Data ◽  
Sampling Technique ◽  
Civil Servants ◽  
Test Method ◽  
Survey Method ◽  
Physical Activity Pattern ◽  
Multi Stage

If regular physical activity can be packaged into a pill, it will be the commonest drug on the counter. Therefore, this study assessed the knowledge and physical activity pattern of civil servants in Ilorin south Local Government, Kwara State, Nigeria. Descriptive research design of survey method was used for this study. The population for this study comprised civil servants in Ilorin South Local Government, Kwara State, Nigeria. Multi-stage probability sampling technique was conducted to select 259 respondents. Adapted GPAQ was used as instrument for data collection. The instrument was validated and tested for reliability. A correlation co-efficient of 0.84 was obtained through test re-test method using Pearson Product Moment Correlation. Socio-demographic data of the respondents was analysed using descriptive statistics of frequency, percentage, mean and standard deviation and to answer the research questions; inferential statistics of Pearson’s Product Movement Correlation (PPMC), One-way Analysis of variance (ANOVA) and independent sample t-test were used to test the null hypotheses at 0.05 significance. It was concluded in the study that there is significant relationship on Knowledge and pattern of physical activity of civil servants in Ilorin South Local Government Kwara State among others. Recommendation this study; experts in the field of physical activity and fitness in conjunction with the management of various ministries and commissions in the study locale should organise workshops and seminars to improve the knowledge of the civil servants on the benefits of regular participation in physical activity. Also, an official hour should be earmarked for staff to encourage participation by all.

scholarly journals Predictors of Bankruptcy Probability among Malaysian Civil Servants : Examining the Subjective Measurement

2016 ◽  
Vol 4 (1) ◽  
pp. 22
Author(s):  
Yashota Nair ◽  
Laily Paim ◽  
Mohd.Fazli Sabri ◽  
Husniyah Abdul Rahim
Keyword(s):  
Financial Management ◽  
Management Practices ◽  
Sampling Technique ◽  
Civil Servants ◽  
Cluster Sampling ◽  
Asset Ownership ◽  
Determinant Factors ◽  
Multi Stage ◽  
Bankruptcy Probability ◽  
Warning Model

Bankruptcy and its impact on the quality of life among Malaysian civil servants has received considerable attention from many authorities. The purpose of this study is to examine the determinant factors of civil servants’ bankruptcy probability in Malaysia. The results of this study can be used to predict the possibility of bankruptcy. The knowledge of this early warning model may help to prevent the consequences or reduce the possibility of bankruptcy among Malaysian civil servants. It can be also used for a better understanding of the relationship on bankruptcy probability by highlighting the determinant factors such as asset ownership, attitude towards debt, and financial management practices. Samples were selected by using multi-stage cluster sampling technique among civil servants in public sectors. A total of 399 completed questionnaires were analysed using logistic regression to identify the probability of bankruptcy among the civil servants. The results identified that the possibility of bankruptcy is significantly determined by asset ownership, attitude towards debt, and financial management practices.   

scholarly journals Pension Fund: A Veritable Source of Financing Real Estate Development in Nigeria

2014 ◽  
Vol 23 ◽  
pp. 23-40 ◽  
Author(s):  
Adjekophori Bernard
Keyword(s):  
Real Estate ◽  
Pension Fund ◽  
Sampling Technique ◽  
Pension Funds ◽  
Capital Outlay ◽  
Pension Scheme ◽  
Real Estate Development ◽  
Professional Advice ◽  
Real Estate Developers ◽  
The Government

Pension funds control relatively large amounts of capital and represent the largest institutional investors in many nations. Financing real estate on the other hand required a huge capital outlay. This study examined the viability of pension funds as an investment option in real estate development. It is empirical in approach and it adopted a survey research design. A convenient random sampling technique was used to gather data from a sample of 42 respondents comprising of 18 pension administrators and 24 Real Estate Developers and Investors. A structured questionnaire was used as the instrument for data collection and a simple descriptive statistical method was use for presentation and analysis of the data. The results however reveal that both the pension administrators and the real estate developers agreed that the pension funds if well channel is a veritable means for financing real estate project. We therefore recommends amongst others that the government as a matter of urgency should slack their policy to increase the percentage of the funds for real estate development and to also advance a policy with strict guideline empowering the pension fund managers to directly grant credit to developers and real estate investors who is able to meet and comply with the conditions provided in such policy. Real estate brokers and experts should also be drafted into the pension scheme to give professional advice on the viability and feasibility of any proposed real estate development.

scholarly journals Determinants of Pension Fund Investment in Nigeria: The Critical Factors

2012 ◽  
Vol 2 (4) ◽  
pp. 1 ◽  
Author(s):  
Adeoti, Johnson Olabode ◽  
Gunu, Umar ◽  
Tsado, Emmanuel
Keyword(s):  
Internal Control ◽  
Pension Fund ◽  
Principal Component ◽  
Sampling Technique ◽  
Simple Random Sampling ◽  
Pension Funds ◽  
Primary Data ◽  
Defined Contribution ◽  
Retirement Benefits ◽  
Fund Investment

Pension fund is a pool of resources contributed by the employees with the aim of having enough resources to carter for their needs after retirement. Therefore, pension fund needs to be invested so as to meet the aim of the contributors. This study was carried out to evaluate the factors that determine investment of Pension Funds. The study used primary data, which were generated by the use of questionnaire. Respondents were selected from a sample of five PFAs in Nigeria using simple random sampling technique. A total of 125 questionnaires were administered on 18 items using likert scales. Data collected were analyzed using factor analysis by principal component. Economic, Risk and Security of real estate factors were identified as the major determinants of pension fund investment. The study concludes that variables such as interest rate, internal control system etc, are not critical in determining investment of pension funds in Nigeria. The study also recommends that pension fund managers should develop good systems of mitigating on the enormous risks they face in their duty as investment managers. Key words: Pension fund, Determinants, Defined contribution, Retirement benefits, Pension fund administrator

scholarly journals Assessment of Use of Improved Production Technologies among Goat Farmers in Abia State Nigeria

2021 ◽  
Vol 2 (2) ◽  
Author(s):  
S. E. Onu
Keyword(s):  
Sampling Technique ◽  
Household Size ◽  
Farm Size ◽  
Technology Application ◽  
Access To Credit ◽  
Socioeconomic Characteristics ◽  
Governmental Agencies ◽  
Multi Stage ◽  
Level Of Use ◽  
Production Technologies

The study provided an empirical evidence on the use of improved goat production technologies among rural farmers in Abia State, Nigeria. The specific objectives of the study were to describe the socioeconomic characteristics of the respondent, ascertain the extent of use of improved goat production technologies, determine factors influencing use of improved goat production technologies and identify the constraint to access and use of improved goat production technologies in the study area. A multi-stage random sampling technique was adopted in selecting the sample size 120 respondents. Data for the study were collected through the use of questionnaire. The data collected for the study were analysed with both descriptive and inferential statistics. The result of the socioeconomic characteristics revealed the mean age of the respondents was 43 years, majority 69.16% of the respondents were married, about 45% had secondary education, a mean household size of 6 persons, majority 66.67% were farmers, mean years of arming experience at 5.7 years, mean income of #102,000, mean farm size of 11 goats and majority (78.33%) of respondents were non- members of cooperative societies. The result on extent of use of improved goat production technologies, revealed that the respondents highly used most of improved goat production technologies as affirmed with the grand mean of = 3.20. On constraint to use of improved goat production technologies, all the respondents 100% agreed that lack of access to credit was a constraint to use, 100% agrees on lack of credibility from source of technological information, 99.2% agreed that they were afraid of taking risk, 93.3% agreed on difficulty in technology application among others. The OLS regression estimates of the influence of socioeconomic characteristics the respondents on the use of improved goat production technologies in the study area, revealed that age at 10%, education at 1%, household size at 1%, farming experience at 1%, farm size at 1%, income at 1% and access to credit at 5% were the determinants of use of improved goat production technologies in the study area and the null hypotheses rejected. In conclusion, greater use of available improved technologies will promote productivity, and therefore there is need for proper sensitization and awareness by relevant agencies. The study recommended that credit should be made available to farmers by relevant governmental and non- governmental agencies to increase the level of use of available improved technologies.

scholarly journals The ‘Locals’ and Local Government Bureaucracy: Implication on the Attainment of Developmental Goals in Nigeria

2021 ◽  
Vol 3 (1) ◽  
pp. 41-52
Author(s):  
Frederick Braimah ◽  
Andrew I OHWONA
Keyword(s):  
Local Government ◽  
Secondary Data ◽  
Sampling Technique ◽  
Method Of Calculation ◽  
Multi Stage ◽  
Government Bureaucracy ◽  
Traditional Institutions ◽  
The Subject ◽  
Traditional Structures ◽  
Depth Interviews

This study examined the effect of the exclusion of community representatives (locals), local traditional structures and values from the local government bureaucracy and its implication on attaining developmental goals in selected States in Nigeria. The study was situated within the ambits of the Weberian and Marxian bureaucratic theories to consider the subject matter and generate analysis. The study adopted the survey research design with a mixed-method approach to generate both primary and secondary data. Using the multi-stage sampling technique, a total number of nine electoral wards across the three states of Bayelsa, Edo and Rivers were covered. One thousand one hundred ninety (1,190) copies of a self-constructed questionnaire were administered in the study areas. The figure was arrived at with the use of the Taro Yamane method of calculation. Besides, in-depth interviews were conducted with key informants in the selected states. Quantitative data were analysed using the Spearman’s Rho Correlation Coefficient, while qualitative data were subjected to both thematic and descriptive methods of data analysis. It was found out that community participation and the inclusion of traditional structures and values in the local government bureaucracy could enhance the attainment of developmental goals at the local government levels. It was recommended that the National and State Houses of Assembly in Nigeria amend existing local government laws to restructure the local government bureaucracy to include community representatives at the local government bureaucracies with traditional institutions given specific roles.

scholarly journals Contributory pension scheme and employee work attitude in the Nigerian Federal Civil Service

2021 ◽  
Vol 8 (19) ◽  
pp. 957-966
Author(s):  
Chiemeka Onyema
Keyword(s):  
Civil Service ◽  
Sampling Technique ◽  
Civil Servants ◽  
Pension Scheme ◽  
Cross Sectional Survey ◽  
Cross Sectional ◽  
Work Attitude ◽  
Imo State ◽  
Positive Effects ◽  
Federal Civil Service

This study investigated the effects of Contributory Pension Scheme on employee work attitude in the Nigerian Federal civil service. The study which is anchored on expectancy theory adopted a cross-sectional survey design. A sample of 1007 federal civil servants selected using total population sampling technique constituted the study participants. A structured questionnaire with a reliability co-efficient estimate of 0.742 was used to generate the quantitative data. The Statistical Package for Social Sciences (SPSS) aided the presentation and analysis of data relating to the objectives of study using frequency distribution table and, the test of research hypothesis with chi-square statistic. The study’s findings suggest that contributory pension scheme has had positive effects on employee work attitude in the Nigerian Federal civil service in Imo State. The study found a statistically significant relationship between the new contributory pension scheme and improved employee work attitude in the Nigerian federal civil service in Imo State. Based on the findings, the study recommended that government should strengthen the administration of the contributory pension scheme to further improve the work attitude of Nigerian civil servants and to enhance their efficiency.

scholarly journals The Influence of Pension Scheme Maturity on Investment Strategies of Pension Funds in Kenya

2018 ◽  
Vol 13 (10) ◽  
pp. 1
Author(s):  
Wilson Ngugi ◽  
Amos Njuguna ◽  
Francis Wambalaba
Keyword(s):  
Secondary Data ◽  
Pension Funds ◽  
Pension Scheme ◽  
Investment Strategies ◽  
Defined Benefit ◽  
Defined Contribution ◽  
Retirement Benefits ◽  
Risky Assets ◽  
Life Cycle Theory ◽  
Funding Risk

The longevity risk borne by members of defined contribution pension schemes and the funding risk borne by sponsors of defined benefit pension funds have shifted attention to the investment strategies employed by pension funds. We use secondary data from 206 occupational retirement benefits schemes in Kenya, to examine the influence of pension scheme maturity on investment strategies. We then triangulate the results using focused group discussions with industry experts. Results from the regression models indicate that scheme maturity does not influence the investment strategies of occupation schemes in Kenya contrary to life cycle theory. The Retirement Benefits Authority and trustees of retirement benefits schemes in Kenya are advised to offer members’ investment choices coupled with education to enable them make decisions to reduce their exposure to risky assets as they age.

Knowledge of rural dwellers towards biodiversity conservation in onigambari forest reserve of Oyo State

2021 ◽  
Vol 17 (1) ◽  
pp. 35-46
Author(s):  
O.J. Aluko ◽  
O.G. Ogunwale ◽  
H.O. Shaib-Rahim ◽  
A.O. Bobadoye ◽  
B.O. Bobadoye
Keyword(s):  
Biodiversity Conservation ◽  
Formal Education ◽  
Sampling Technique ◽  
Educational Status ◽  
Household Size ◽  
Forest Reserve ◽  
Forest Reserves ◽  
Multi Stage ◽  
Rural Dwellers ◽  
Area Data

The study examined the knowledge of rural dwellers of biodiversity conservation in Onigambari forest reserve, Ibadan Oyo State. A multi-stage sampling technique was used to select 120 respondents from the study area. Data were collected with the aid of  interviewed schedule and analyzed with both descriptive and inferential statistics. The distribution showed that majority of the respondents were male (65.8%), married (63.3%) with household size of 5-8 (65.8%). The result further showed that majority (56.7%) of the respondents recorded low level knowledge on biodiversity conservation. Marital status (X2=9.925, P<0.005), Educational status  (X2=33.031, P<0.005) and Household size (X2=13.561, P<0.005) were found to have significant relationship with the knowledge of the respondents to biodiversity conservation. The study therefore recommends that opportunities of getting formal education should be made available to the dwellers in the study area as this will enhance their knowledge on biodiversity in the study area. Keywords: Forest reserves, Knowledge, Biodiversity and Conservation

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