An evaluation of the nigerian pension
This paper seeks to evaluate whether or not the application of the contributory pension scheme has an impact on employee retirement benefits of quoted firms in nigeria in line with this objective, a hypothesis was formulated the population of the study is the one hundred and eighty-two (182) firms . Developing effective strategy for pension administration in the nigerian public sector evaluation of the effect of non-current assets on return on assets of . Like the workmen compensation act, which was repealed by the employee's compensation act, the provisions of the employee's compensation act applies to all employers and employees in the public and private sectors of the nigerian economy with the exemption of members of the armed forces who are not employed in a civilian capacity, and who not .
University, ile-ife, nigeria 2 professor of public administration at obafemi awolowo university, ile-ife, nigeria manpower training and development in the nigerian. Collective bargaining dynamics in the nigerian public and pension reform commission 2004 (nigerian civil service union) and nucstsas (nigerian union of civil . The history of the nigerian pensions administration dates back to the 1950sthe pension reforms act of 2004 brought into limelight the new pension scheme in nigeria which is a defined contributory scheme unlike the old scheme which was largely defined benefits. Making finance work for nigeria • pensions: csaba feher and peter holtzer m&e monitoring and evaluation.
National pension commission press release one of the major achievements of the pension reform is the establishment of robust legal and institutional frameworks for the administration of pensions in nigeria. The 1951 pension ordinance was the first legislative act on pension in nigeria followed by the establishment of the national provident fund (npf) in 1961 to cater for pension issues in the private sector. The report “evaluating the financial performance of pension funds” aims was to examine how to measure financial performance of pension funds taking into account the link between participants’ benefits and the performance of financial markets. Pension reform evokes certain primary questions: what is a pension system what is its essence why do governments interfere in this area throughout the industrial world and increasingly in developing countries (modigliani and murahlidhar, 2004) 211 the concept of pension pensions are a form of . The nigerian tax system has undergone several reforms geared at enhancing tax collection and administration with minimal enforcement cost tax system in nigeria: issues and challenges on .
An actuarial valuation is an appraisal of a pension fund's assets versus liabilities, using investment, economic and demographic assumptions for the model. 45 performance evaluation of the board 8 46 re-election of members of the board 11 governance for licensed pension operators to help them meet their own . Pension fund operators association of nigeria (penop) is an independent, non-governmental, non-political and non-profit making body established to promote the operations of the pension industry, provide for self-regulation and ensure that international best practices relating to the industry are observed by the operators registered in nigeria. Public sector reforms in africa: nigerian perspectives public sector reforms in africa : nigerian perspectives edited by funmi adewumi & william idowu. Randomised evaluation of unconditional cash transfer scheme for the elderly in ekiti state nigeria research proposal presented to partnership for economic policy .
Analytical review of the pension system in kenya the pension scheme for public service employees and armed forces 11 evaluation of outcomes of the retirement . The focus of this study is to evaluate the contribution of portfolios of new contributory pension fund on nigerian gross domestic product (gdp) and the relationships between the pension portfolios with the nigerian gdp. This paper seeks to evaluate whether or not the application of the contributory pension scheme has an impact on employee retirement benefits of quoted firms in nigeria. Extraordinary employees’ compensation act 2010 no 13 a 1281 federal republic of nigeria official gazette no 101 lagos - 20th december, 2010 vol 97 government notice no 385. Evaluation and supervision of pension fund still characterizes the contributory pension scheme the overall (2004) submitted that the nigerian pension system in .
An evaluation of the nigerian pension
African journals online (ajol) is the world’s largest online library of peer-reviewed, african-published scholarly journals nigerian quarterly journal of . Challenges of social security in nigeria by francis nwabiani with the signing of the eca, nsitf is no longer a pension management agency, its scope and mandate . Pension fund administration in nigeria can be broken into two periods namely pre-2004 era and the new era beginning form july, 2004 the purpose of a pension scheme is to provide the employees of an organization.
Abstract pension fund investment is one of the key areas in the new contributory pension fund in nigeria one of the major challenges confronting the managers of the pfas in investment decisions is the dearth of investment outlets which has been spread into various securities. Ii an evaluation of pension fund administration in nigeria (a comparative analysis of premium pension ltd & sigma pension fund ltd) by james isaiah ekele. Pension at state government level the new era the nigerian pension landscape it kicked evaluation state pension.
National pension commission (pencom), the regulatory body for pension business in the country, has released the guidelines for the registration of pension fund administrators (pfas) and pension . Femi aborisade an assessment of nigeria’s pension reform act of 2004 www icgfm org - free download as pdf file (pdf), text file (txt) or read online for free.