Pension Reform Act Of 2004 Analysis Of It’s Impact On Nigerian Workers
abstract
The main purpose of this write- up was to determine the impact of pension reform Act 2004 on the Image of pension Workers in Nigeria. The pension Reform Act 2004 was characterized by some problems likenon-compliance, ignorance of the benefit of the pension reform act 2004 which has hamper the smooth administration of the reform act. The major findings of this study were the fact that pension is a series of benefits handed by government or former employer to a person who has come to end of his working life and that the being pension previous to the enactment of the pension reform act 2004 was characterized by debt and so was seen effective. The conclusion of the study show that despite the problems faced by the reform act that if the reform act is given full time to manifest the reason beyond its enactment that it’ll boost the image of pension workers and pension business in Nigeria and will be of benefit to the populace of the state and also bring about profitable growth and development of the nation.
Table Of Contents
Title Runner——— i
blessing runner——– ii
fidelity——– iii
Acknowledgement——- iv
Abstract——— vi
Table of contents——- vii
Chapter One
Preface——- 1
Background of the study—- 1
Statement of problems—– 2
Ideal Of The Study—– 3
Exploration Questions—— 4
Significance of the study—– 5
Compass And Limitation Of Study—- 6
Description Of Functional Term—- 7
Chapter Two
Review Of Related Literature— 10
History of Insurance—– 10
literal development of pension reform Act 2004. 12
The meaning and purpose of pension– 14
Overview of being pension scheme– 16
The impact of pension reform Act 2004 on Nigeria workers. ——– 18
Supervisory and nonsupervisory frame– 22
The ideal of the pension reform act 2004 on the image of pension business in Nigeria– 25
Achievement of the pension reform act 2004 Highlights on the contributory pension scheme in Nigeria 28
Why the 2004 reform act are intimately managed pension fund administration and pension means custodians. ——- 30
The part of the public Pension Commission on
the Act——– 32
Eligibility for the scheme and pure individualities 34
Transitional provision for the public sector and for the private sector——- 36
Safeguard for the pension scheme— 37
Problems of the pension Act 2004 on the image of pension workers in Nigeria—- 40
result to the problems of pension reform act 2004 of Nigeria——– 43
Prospect of pension reform act 2004 on the image of pension on Nigerian workers—- 45
Prospect of pension reform Act 2004 on the image of pension on Nigerian workers—- 47
References——- 49
CHAPTER THREE
exploration DESIGN AND METHODOLOGY– 50
An overview——- 50
Sources of data—— 50
Primary data——- 52
Samples size——- 52
Instrument use for the study—- 53
Validity and trustability of the study— 54
system of data donation and analysis- 54
Chapter Four
Summary of findings—– 56
Discussion of findings—– 57
CHAPTER FIVE
Conclusion——- 59
Recommendation—— 60
Suggestion for farther study—- 60
Bibliography——- 63
excursus——– 65
Questionnaire——- 66
Chapter One
Background Of The Study
presently a number of studies have been carried out on the impacts of pension reform Act 2004 on both the image of pension business in Nigeria and the entire workers in Nigeria.
still, much haven’t been converse about impact on the new pension reform act 2004 will bring on the image of pension workers in Nigeria.
Pension natural can be described as a sum of plutocrat paid regularly to a person who has come to the end of his normal working life or it can be defined as a series of regular payment handed by government or former employer for a person who has come to the end of his normal working life or who no longer works because of age, disablement etc or to his widow or defendant children by the state by his former employer as or from finances to which he and his employers have both contributed. therefore, the preface of the pension reform act 2004 was due to incapability of the former pension system to meet the need of the people.
therefore this exploration is embark as a result of the hunt to bring to the effect. The new pension reform act 2004 have created so far on the image of pension workers in Nigeria.
It’s also hope that this write up will enlighten the compendiums especially business pupil and pension directors on the analysis of the impact of pension reforms act 2004 on the image of pension on Nigeria worker.
Statement Of The Problems
Like any other business adventure, there are some problem that militate against th
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