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Journal articles on the topic 'Contributory pension scheme'

Author: Grafiati

Published: 4 June 2021

Last updated: 26 July 2025

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1

Makochekanwa, Albert, Cheure Cheure, Moses Chundu, and Elisha Mavodyo. "A Informal Sector Self-Employed Workers’ Old Age Pension Scheme in Retail Sector in Zimbabwe." Journal of Social Development Studies 5, no. 1 (2024): 31–42. http://dx.doi.org/10.22146/jsds.12026.

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The high incidence of informality in Zimbabwe implies that a large proportion of the adult population does not have access to contributory pension schemes during their working lives, rendering them ineligible for old-age pensions. The primary goal of this research is to develop a pragmatic informal retail sector noncontributory old-age pension scheme in Zimbabwe. The study drew empirical evidence from a comprehensive countrywide study using mixed-methods research. The study concluded that several factors, including the respondents' demographic characteristics, are important considerations in d

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2

Aliu, Olanrewaju Atanda, Mohamad Ali Abdul-Hamid, Salami Suleiman, and Salam Mudathir Olanrewaju. "TRANSPARENCY, COMPLIANCE AND SUSTAINABILITY OF CONTRIBUTORY PENSION SCHEME IN NIGERIA." Gusau Journal of Accounting and Finance 4, no. 1 (2023): 135–50. http://dx.doi.org/10.57233/gujaf.v4i1.204.

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Policymakers have taken cognisance of necessity to improve the transparency and compliance level among parameters of pension reforms. Empirical literature found positive roles of transparency and compliance toward the achievement of pension reform objectives such as sustainability. However, the level of transparency and compliance of pension fund managers and employers of labour under the contributory pension scheme in Nigeria leaves much to be desired. Thus, this study examined the effects of transparency and compliance on the sustainability of the Nigerian contributory pension scheme. Data w

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3

O. ODO, Cosmas, and Okeke Chinedu. "The contributory pension scheme and the financial system development in Nigeria." Innovative Marketing 12, no. 2 (2016): 16–21. http://dx.doi.org/10.21511/im.12(2).2016.02.

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The article examined the influence of the contributory pension scheme on the financial system development in Nigeria. Evidence accumulated from both theoretical and empirical literature point to the power of contributory pension to deepen the financial system. An empirical work earlier done showed that the total domestic savings (TDS) increased during the post- pension period; and that the capital market capitalization rose significantly over the period. It was also observed that its implementation has created an impressive scenario whereby now pension funds account for 30% and 8% bond and sto

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Savithri Manohari Goonatilaka, Wilarachchige, W. Indralal De Silva, and N. Sakalasooriya. "Exploring Determinants of Desire Towards Enrolling in Contributory Pension: Evidence from Self-employed and Informal Sector Workers of Sri Lanka." Proceedings of The World Conference on Social Sciences 2, no. 1 (2023): 55–64. http://dx.doi.org/10.33422/worldcss.v2i1.100.

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Social security is an essential mechanism for reducing old-age poverty and improving the living standards of vulnerable individuals. One such social security instrument is the contributory pension scheme. This study aims to identify the determinants of self-employed and informal sector workers’ desire towards enroll in a contributory pension scheme offered by the State. A simple random sampling technique was employed to select respondents. Face-to-face interviews were conducted with 300 participants using a semi-structured questionnaire in the Kurunegala district of Sri Lanka. A multivariate l

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Olusesan, ASUBIOJO Abayomi, IGBEKOYI Olusola Esther, and DAGUNDURO Muyiwa Emmanuel. "Contributory Pension Scheme and Transitory Job Loss in Nigeria." Journal of Accounting and Financial Management 9, no. 8 (2023): 35–45. http://dx.doi.org/10.56201/jafm.v9.no8.2023.pg35.45.

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Surviving the transitional period of job loss before finding a new job poses significant challenges for individuals. Therefore, this study aimed to investigate how the administration of contributory pension schemes affects transitory job loss in Nigeria. Employing an exploratory research design, this conceptual paper reviews existing literature to assess the extent of research on contributory pension schemes and transitory job loss. The study's findings revealed that individuals who lose their jobs encounter difficulties in accessing 25% of their pension contributions. These challenges arise f

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6

Bassey, Ebong Itoro, Monday Akpakpan, and Nkereuwem Bassey Etok. "Pension Reforms and Pensioners 'Welfare in Nigeria: A Study of Contributory Pension Scheme." International Journal of Contemporary Issues and Trends in Research 1, no. 3 (2023): 42–71. https://doi.org/10.5281/zenodo.10477415.

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<strong>Abstract</strong>This research aims to analyze the influence of contributory pension schemes on the welfare of retirees in Nigeria. The plight of public sectors pensioners who have devotedly served the nation has been a cause of significant concern throughout history. Existing literature on pension reform and workers' welfare in Nigeria's public sectors illustrates the continued hardships faced by pensioners after retirement, despite variousreforms and changes in pension schemes. Regrettably, the newly adopted contributory pension system has failed to provide relief to retirees, resemb

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7

Ifarajimi, Gilbert Deinde, and Solomon Ibrahim Audu. "Contributory Pension and the Level of Old Age Poverty in Nigeria." Caleb Journal of Social and Management Sciences 8, no. 2 (2025): 17–25. https://doi.org/10.5281/zenodo.14735370.

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Elderly people, most times, are retired from active service and face reduction in income and at the same time an increase in the level of expenditure as healthcare cost is increased. Contributory pension scheme is made mandatory for employees in Nigeria as a form of security against the future even though inflation sets to reduce the time value of money saved. This study assessed the influence of contributory pension on the level of old age poverty in Nigeria. The study is framed on the financial theory of defined pension benefit. Quantitative research method was used and secondary data collec

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8

Igbokwe, Igbokwe Chukwuma, Eze Fredrick, and Eneh Maximus. "Contributory Pension Scheme and Performance of Employee of Unity Schools in South East Nigeria (2005-2019)." Journal of Policy and Development Studies 15, no. 2 (2024): 58–67. http://dx.doi.org/10.4314/jpds.v15i2.5.

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This paper critically examines the implementation of the contributory pension scheme in Unity Schools in the south east of Nigeria. The specific objectives were: to determine the extent of implementation of the contributory pension scheme; how it has helped in motivating staff and the challenges confronting the implementation of the scheme in Unity Schools in the South East. Population of the study was 1,091 based on the nominal rolls of the five schools in Enugu and Anambra States. The Sample Size of 293 was determined using the Taro Yamane’s statistical formula of 1964. Three hypotheses were

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9

UDOBIA, IMOWO UDOMA, NATHANIEL UDOH, and GODWIN EDET ESSOH. "CONTRIBUTORY PENSION SCHEME AND EMPLOYEE MOTIVATION TO RETIRE AMONG WORKERS IN AKWA IBOM STATE CIVIL SERVICE." Social Sciences and Management International Journal 4, no. 1 (2023): 89–105. https://doi.org/10.5281/zenodo.7968584.

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Contributory pension scheme and employee motivation to retire among workers in Akwa Ibom state civil service was conceived on the basis of determining the relationship between contributory pension scheme and motivation to retire among workers in the civil service of Akwa Ibom State, Nigeria. Following the analyses of the work, it was found that a significant relationship exists between ease of access to pension benefits and motivation to retire. This was confirmed using Pearson Product Moment Correlation analysis. The findings of the study reveals that fund administrators' commitment to pe

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10

Gberevbie, Daniel Eseme, and Aliyu Hannatu Undah. "Identifying the Key Challenges Faced by the Energy Commission of Nigeria in the Implementation of the Contributory Pension Policy." Journal of Posthumanism 5, no. 6 (2025): 2455–66. https://doi.org/10.63332/joph.v5i6.2364.

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The Contributory Pension Scheme (CPS) in Nigeria has undergone significant changes since its introduction in 2004, with a major revision in 2014. The scheme mandates employers to contribute 10% and employees to contribute 8% of their monthly remuneration into Retirement Savings Accounts managed by licensed Pension Fund Administrators. Despite its aim to secure financial futures, the scheme faces challenges, particularly within the Energy Commission of Nigeria (ECN). A study examining the CPS at ECN from 2014 to 2024 identified issues with policy enforcement, administrative compliance, and paym

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Muslim, Omoleke Olujide, and Muslim Omoleke. "COMPARATIVE ANALYSIS OF PENSION SCHEME IN NIGERIA AND UNITED KINGDOM: BRIDGING THE GAP." Journal of Law and Sustainable Development 12, no. 11 (2024): e4097. http://dx.doi.org/10.55908/sdgs.v12i11.4097.

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Objective: This study conducts a comparative analysis of pension schemes in Nigeria and the United Kingdom, examining key dimensions to provide a comprehensive understanding of each system. Theoretical Framework: The research objectives focus on comparing the structural frameworks, types of pensions available (state, occupational, and personal), and adequacy of pension benefits. Method: Utilizing a non-doctrinal methodology, the study assesses investment strategies, administrative efficiency, and risk management practices to identify strengths and weaknesses. Research and Discussion: The findi

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Okoh, Patricia Ayaegbunem. "CONTRIBUTORY PENSION SCHEME: PANACEA FOR RETIREMENT WOES IN NIGERIA." Nigeria Journal of Home Economics (ISSN: 2782-8131) 10, no. 7 (2022): 122–27. http://dx.doi.org/10.61868/njhe.v10i7.156.

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Pension management in Nigeria seems to have assumed a serious concern to the citizenry especially retirees. Over the years, funding has been the major challenge that successive government had had to grapple with. This creates avoidable problems to retirees especially, government employees, whose pension entitlements are delayed or not paid at all before they die. This resulted in the introduction of Contributary pension scheme in 2004. Part of the reason for introduction of the scheme is to resolve the issues of paucity of funds, fraud and other governance issues that dogged the Defined Benefi

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13

Abdullahi Usman, Abdulfatai, Grace O. Obadare, and Larry Anifowose Oladotun. "CONTRIBUTORY PENSION SCHEME ON NIGERIA ECONOMIC GROWTH." Kampala International University Interdisciplinary Journal of Humanities and Social Sciences 3, no. 1 (2022): 264–83. http://dx.doi.org/10.59568/kijhus-2022-3-1-16.

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This study was embarked upon to provide empirical evidence on the effect of contributory pension scheme on economic growth in Nigeria. Data for the study were secondary sourced from various records of PenCom Annual Reports and CBN Bulletin (database). The data were computed with the use of Statistical Package for Social Sciences (SPSS). It was concluded that pension fund assets and pension contribution /savings mobilized over the years have positive and insignificant impact on economic growth. The implication of this finding is that the authorities concerned have not been able to use the pensi

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UDOBIA, IMOWO UDOMA, NATHANIEL UDOH, and NSIKAN CLEMENT NKANTA. "EMPLOYEE RETIREMENT MOTIVATION: AN ANALYSIS OF CONTRIBUTORY PENSION AMONG WORKERS IN AKWA IBOM STATE CIVIL SERVICE." Global Journal of Communication and Humanities 2, no. 1 (2023): 87–94. https://doi.org/10.5281/zenodo.7970775.

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This paper on employee retirement motivation: an analysis of contributory pension among workers in Akwa Ibom state civil service have three objective thus; to determine how pension administrators' commitment to pension obligation affects motivation to retire among civil servant in Akwa Ibom State; to examine how employee involvement in pension management affects motivation to retire among civil servants in Akwa Ibom State; and to investigate how the encouragement of employee fund investment affects motivation to retire. The study was conceived on the basis of determining the relationship b

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15

NASIRU SALISU and INUWA ABDU IBRAHIM. "Assessment of satisfaction with contributory pension scheme among retired staff of the Abubakar Tafawa Balewa University and Federal Polytechnic Bauchi, Nigeria." International Journal of Science and Research Archive 11, no. 2 (2024): 584–99. http://dx.doi.org/10.30574/ijsra.2024.11.2.0482.

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The new contributory pension scheme (CPS) was introduced by the Pension Reform Act, 2004 reviewed in 2014.The reform became necessary in order alleviate the constraints of Defined Pension Scheme in Nigeria. Evidently the old pension scheme became operationally unsustainable due to deficit funding, weak administrative structure, frequent increase in salary etc. To this end the new contributory pension scheme was introduced in 2004 making it mandatory for both employees and employers to contribute a certain percentage into retirement savings account of individual prospective retiree. This is wit

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16

Onyema, Chiemeka. "Contributory pension scheme and employee work attitude in the Nigerian Federal Civil Service." Revista Brasileira de Gestão Ambiental e Sustentabilidade 8, no. 19 (2021): 957–66. http://dx.doi.org/10.21438/rbgas(2021)081922.

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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

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17

Essien, Ettah B., and Michael S. Akuma. "The New Contributory Pension Scheme in Nigeria: Gleaning From Past Pension Schemes." IOSR Journal of Economics and Finance 2, no. 5 (2014): 33–40. http://dx.doi.org/10.9790/5933-0253340.

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18

Appiah, Prince Ofosu. "The National Pensions Act, 2008 (Act 766) and Challeges of Pension Fund Administration in Ghana." Feb-Mar 2023, no. 32 (February 21, 2023): 1–12. http://dx.doi.org/10.55529/jls.32.1.12.

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The recent reformation in Ghana’s pensions space introduced the three-tier pension scheme underpinned by the National Pensions Act, 2008 (Act766) under the regulatory authority of the NPRA. Seeking to redress inherent challenges, the transformational shift effected by the former yielded the incorporation of private sector through inclusion of approved corporate trustees, fund managers, fund custodians and other service providers. However, despite the new scheme’s attenuation of key lapses and challenges of the previous regime, there still exist predicaments that are reflective of the later. By

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19

Elizabeth, Maken-Philip. "EFFECTS OF THE CONTRIBUTORY PENSION SCHEME ON ORGANISATIONAL COMMITMENT IN SELECTED FEDERAL PUBLIC SERVICE AGENCIES OF NIGERIA." GOMBE JOURNAL OF ADMINISTRATION AND MANAGEMENT (GJAM) 4, no. 2 (2021): 49–71. https://doi.org/10.64290/gjam.v4i2.1117.

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Pension has attracted global attention in contemporary literature due to its central place in the social and economic development of nations. The Pension Reform Act 2004 and Amendment Act 2014 introduced a contributory pension scheme (CPS) as a panacea for the problems bedevilling the old defined benefits scheme. After fifteen years of implementation, certain issues which the reform sought to address have resurfaced such as undue delay of payment and other issues which affects pension adequacy. This study examined the Contributory Pension Scheme particularly its effects on organizational commi

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Uzoamaka, Okechukwu, Elizabeth, Nebo, Gerald, and Eze, Jude. "Strategic Management of Pension Scheme in Selected Private Manufacturing Organizations in South Eastern Nigeria." European Scientific Journal, ESJ 12, no. 34 (2016): 338. http://dx.doi.org/10.19044/esj.2016.v12n34p338.

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Management of pension schemes in Nigeria has been characterized by multiple and diverse problems despite several modifications of the pension schemes by the government. The study examined the extent strategies adopted for pension management can enhance employees’ confidence in the scheme. The study adopted a survey design. The data were analyzed using tables, frequencies, and mean. Z- test was used to test the hypotheses at 0.05 significance. It was revealed that to a very large extent strategies adopted for pension and retirement management can enhance employees’ confidence in the management

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21

EGYE, AHMED USMAN, and RAZLINI MOHD RAMLI. "CONTRIBUTORY PENSION SCHEME AND EMPLOYEES’ PRODUCTIVITY IN THE NIGERIAN PUBLIC SERVICE: A THEORETICAL REVIEW." Quantum Journal of Social Sciences and Humanities 5, no. 5 (2024): 189–205. https://doi.org/10.55197/qjssh.v5i5.447.

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The focus of this paper is the understanding of the impact of the contributory pension scheme on workers productivity and its importance considering the fact that productivity of workers is key determinant of organizational efficiency and effectiveness. Hence, the significance of increasing levels of productivity for the well-being of nations, sectors, enterprises, and individuals cannot be overstated. Pension plays a crucial role in enhancing the well-being of workers during their elderly years by providing them with a source of income. Also, pension encourages workers’ loyalty to continue wo

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22

Odo, Cosmas Ogobuchi, Chinedu Crescent Okeke, and Deborah Patience Okoro. "Contributory Pension Scheme and Insurance Industry’s Equity Investments in Nigeria." Archives of Business Research 10, no. 10 (2022): 78–95. http://dx.doi.org/10.14738/abr.1010.12774.

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The paper explores the nexus between contributory pension and growth of the Nigerian insurance industry. Proxies for insurance industry growth were taken as direct premium generated and growth of its investments, especially equity investments. Given that equity investment was one of the prescribed investment outlets for insurance industry funds in Nigeria, authors hypothesized that the contributory pension Act of 2014 would spur rapid growth in equity investments of the industry for the period investigated. Ex-post facto research design was followed and data were drawn from the annual accounts

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23

Okereke, S.N., M. Ogbu, E.E. Ogbuanya, and J.N. Edeh. "Assessing the level of awareness of serving staff of federal tertiary educational institutions in Ebonyi state on the operations of the contributory pension scheme." Open Access Journal of Management Sciences Research 2, no. 3 (2024): 31–42. https://doi.org/10.5281/zenodo.13956394.

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<em>The introduction of the Contributory Pension Scheme (CPS) by the Nigerian government was intended to alleviate the sufferings of retirees due to the irregular and/or non payment of their retirement benefits under the old scheme. Studies carried out indicate that there still exist bottlenecks in the prompt and regular payments of retirees’ retirement benefits under the CPS. Part of the reasons for such lapses has to do with ignorance which ultimately manifests in improper documentation by retirees before retirement. The main focus of this study was to examine the level of awareness of

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Olugbenga, Ariyo Clement, Ezugwu Christian Ikechukwu, Okparaka Vincent Chukwuka, and Agbo Ishmael Umunnakwe. "Contributory Pension Scheme and Workers Investment in Nigeria." International Journal of Research and Innovation in Social Science VIII, no. IV (2024): 2230–42. http://dx.doi.org/10.47772/ijriss.2024.804149.

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The study investigated the relationship between contributory pension scheme and workers’ investment in Nigeria from 2007 to 2021. Specifically the study assessed the relationship between private sector contribution and workers’ investment in Nigeria; examined the relationship between public sector contribution and workers’ investment in Nigeria; and examined the relationship between total contribution and workers’ investment in Nigeria and also employed workers investment (WI) as independent variable while Private Sector Contribution (PRSC), Public Sector Contribution (PUSC), and Total Contrib

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25

YU, WAI KAM. "Pension reforms in urban China and Hong Kong." Ageing and Society 27, no. 2 (2007): 249–68. http://dx.doi.org/10.1017/s0144686x06005459.

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This study of recent pension reforms in Hong Kong and urban China particularly addressed three questions. What are the causes of the pension reforms in these two economies? What are their key features? What difficulties have been faced by the Hong Kong and Beijing governments during their implementation? As well as enhancing our understanding of the pension schemes in these two countries, the paper makes a contribution to the debate on whether government welfare reforms in responses to economic globalisation are converging on one pattern, an ideal mix of pension schemes. This paper shows that

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Abere, OmotayoJohncally, and Bankole Abiola. "On Mathematical Models for Pension Fund Optimal Selection Strategies." International Journal of Academic Research in Business, Arts & Science ( IJARBAS.COM ) 1, no. 4 (2020): 72–92. https://doi.org/10.5281/zenodo.3603511.

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Pension, being regular payments made to retirees or their beneficiaries after retiring from active service, needs efficient and effective management because of the funds involved as the living standard of the retirees and their dependents rest on it after retirement. In attempt to maximize the wealth of pension contributors, the investors may end up losing the pension fund assets because higher returns on investment go hand in hand with higher risk of loss of invested contributions/savings. This can shatter the hope of not just the contributors/investors but also the entire country as a whole.

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Morakinyo, Dauda, Johnson Olusola LAOSEBIKAN, Roseline Moyosore OJOKUKU, and Nureni Adekunle LAWAL. "Administrative boards and management of contributory pension scheme implementation and welfare of public service retirees in selected states in south west Nigeria." Acta Politica Polonica 59 (2025): 63–80. https://doi.org/10.18276/ap.2025.59-05.

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This study examined the effectiveness of Administrative Boards (ABs) in the management of Contributory Pension Scheme policy on public service retirees’ welfare in selected states of Southwest Nigeria. Primary data were generated for the study from the population of all Administrative Boards in three selected states – Osun, Ondo, and Ogun – in Southwest Nigeria totaling thirty-six (36), with the aid of a structured questionnaire and an interview schedule, while the analysis was carried out descriptively. The study contributes to the idea that only the careful and effective implementation of th

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Nnabuike, O. Osadebe, and Mubarak Saidu. "Challenges of the Monthly Contributory Pension Scheme in Nigeria: The Case of Gombe State Federal Workers." Nigerian Journal of Sociology and Anthropology 22, no. 2 (2024): 50–62. http://dx.doi.org/10.36108/njsa/4202.22.0240.

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The study explores the challenges faced by Gombe State federal workers from the monthly contributory pension scheme (CPS). The survey research design was adopted for the study. Simple random sampling technique was employed to select 393 respondents as a sample size using Taro Yamane statistical formula, out of 13,536 populations. Thus, data analysed through mean and chi-square square to test hypotheses. The study found that the lack of information about the monthly deductions from employees’ salaries, as well as the corruption and inefficiency of the organs responsible for regulating and contr

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Ghazi, Aqsa, and Umar Salamat. "Effective Management of Provincial Pension Liability." Journal of Finance and Accounting 13, no. 1 (2025): 1–13. https://doi.org/10.11648/j.jfa.20251301.11.

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Pension expenditures have become a critical fiscal challenge for the Government of Punjab, surging to Rs. 312 billion in the fiscal year 2022-23. The accrued pension liability now stands at Rs. 6.5 trillion, significantly constraining the government&apos;s capacity for current and development expenditures. This study explores the existing regulatory framework for pension liability management and proposes actionable solutions based on global best practices. Through a comprehensive methodology that includes literature reviews, data analysis, comparative studies of national and international

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CHOI, YOUNG-JUN. "Transformations in economic security during old age in Korea: the implications for public-pension reform." Ageing and Society 26, no. 4 (2006): 549–65. http://dx.doi.org/10.1017/s0144686x06004879.

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The South Korean National Pension scheme was instituted in 1988 and now covers all private-sector employees and the self-employed. Since the financial crisis of 1997, however, it has become controversial and is under considerable pressure, not least because of the perceived financial implications of the country's rapidly ageing population. Predictions of financial shortfalls or ‘unsustainability’ have prompted calls for severe ‘downsizing’ of the scheme. The debate on the reform of the scheme has been dominated by the need to respond to demographic change in ways that assist the national econo

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Darmaraj, Sheila Rose, and Suresh Narayanan. "The Long-Term Financial Sustainability of the Civil Service Pension Scheme in Malaysia." Asian Economic Papers 18, no. 1 (2019): 155–78. http://dx.doi.org/10.1162/asep_a_00670.

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The civil service pension scheme (CSPS) in Malaysia is a defined benefit (DB), non-contributory system directly funded from the budget. An aging population, rising life expectancy, and ballooning pension payments underscore the need for reform. An annual pension deficit model was used to estimate the pension deficit over a period of 75 years under eight scenarios that compare the current scheme with changes in the pension deficit when three policy variables—retirement age, contribution rate, and replacement rate—are manipulated. We found the current scheme will not be financially sustainable.

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ONAFALUJO, AKINWUNMI KUNLE. "THE NIGERIA'S PENSION REFORMS: A CRITIQUE OF THE SOCIAL SECURITY SYSTEM." Journal of Global Research in Education and Social Science 11, no. 2 (2018): 59–70. https://doi.org/10.5281/zenodo.1420761.

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This paper considers the degree of social security risk of public policy inherent in the Pension Reform Act 2004 in response to the palpable old age risks in the Nigerian state. The Act was conceived and prescribed flowing from budgetary deficits needed to fund liabilities which arose from pension accretion rates that were not actuarially factored (fiscal risks) under the Defined Benefit Scheme. In spite of the reform, about 5% of workers are covered under the Pension Reform (2004) as at 2014. It is, therefore necessary to examine what the Act seeks to achieve by a privatized pension system wi

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33

Ifeanyichukwu, Michael Ababa, Nneka Ifeoma Okafor, and Paul Hezekiah Omeh. "Contributory Pension Scheme and Management of Retirement Benefits in the University of Nigeria, Nsukka: An Ethical Appraisal." American Based Research Journal 7, no. 3 (2018): 14–21. https://doi.org/10.5281/zenodo.3446029.

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<em>Conventionally, the upsurge in the level of impoverishment experienced by retirees in the recent decades in both public and private sectors in mostly fused cum prismatic societies has exacerbated following the reluctant abdication of duties and obligatory roles bequeathed to the state via the social contract. Recently, in many developing societies, the state has ethically failed to provide the needed social safety nets for her citizens to enjoy even against those working to see that the day to day affairs of the state are systematically carried out. However, it is at this juncture that the

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Gasiokwu, P. I., and Patience Edirin Ohoriemu. "An Analysis of the Pension Reform Act 2014." Global Journal of Politics and Law Research 13, no. 2 (2025): 94–127. https://doi.org/10.37745/gjplr.2013/vol13n294127.

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This study presented a comprehensive analysis of the Pension Reform Act 2014 in Nigeria, a legislative measure designed to overhaul the country’s pension system and transition from a defined benefit scheme to a contributory pension scheme. The study examines the Act's key legal provisions, its impact on various stakeholders, and its effectiveness in addressing the challenges associated with Nigeria's previous pension systems, such as funding inadequacies, delays in benefit payments, and a lack of transparency. The research employs the doctrinal method, utilizing primary sources like legislatio

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AKINWUMI, Ayorinde Olutimi, Toluwa Celestine Oladele, and ADEBOYE Emmanuel Sanmi. "NIGERIA ECONOMIC GROWTH AND CAPITAL MARKET DEVELOPMENT: DOES CONTRIBUTORY PENSION SCHEME MATTER?" Gusau Journal of Accounting and Finance 3, no. 3 (2023): 28. http://dx.doi.org/10.57233/gujaf.v3i3.183.

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Whether the contributory pension scheme (CPS) has addressed the shortage of capital for investments, the challenge of full compliance with the system and the shortage of investment outlets spurred the interest to investigate the impact of the CPS on capital market development and economic growth from 2005 to 2021. Secondary data was adopted for this study, and the data were extracted from the National Pension Commission and world development indicators. The study employed the auto-regressive distribution lag (ARDL) model as an estimation technique. The empirical results show that among the pro

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Yu, Andrew. "The failure of the welfare ideology and system in Hong Kong: A historical perspective." Human Affairs 31, no. 1 (2020): 99–108. http://dx.doi.org/10.1515/humaff-2021-0009.

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Abstract At present, Hong Kong does not have a publicly-managed mandatory contributory retirement protection scheme. The Hong Kong Government launched a consultation on the universal pension scheme in 2015. The Government’s plan provoked many controversies and eventually failed. This paper will examine the problem of the welfare ideology and system in Hong Kong from a historical perspective, taking the universal pension scheme as an example. This paper argues that the reason for the failure of the universal pension scheme was that Hong Kong people do not have a complete sense of citizenship an

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Nwawolo, Hope, and Ngozi Nwogwugwu. "Contributors’ Involvement in Pension Fund Investments Decision Making and Retirees Standard of Living in University of Lagos, Nigeria." Asian Social Science 15, no. 4 (2019): 69. http://dx.doi.org/10.5539/ass.v15n4p69.

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Management of the pension scheme in Nigeria had been inundated with several and diverse challenges ranging from corruption and mismanagement of funds for some decades. As a result retirees were not able to access their pension benefits leading to some dying without access to their fund. The government then introduced the contributory pension system in a pension Act of 2004 which was amended in 2014, as a measure to minimize the sufferings of retirees as well as allay the fears of workers. However, the problems of pension are yet to abate and retirees are still groaning under unstable welfare.

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Binuomoyo, Yinka Kehinde. "A review of babatunde alayande’s “funded pension, financial sector development and economic growth in nigeria”." Journal of Management and Science 1, no. 4 (2015): 296–300. http://dx.doi.org/10.26524/jms.2015.25.

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Based for the most part on the inadequacies of the defined benefit scheme (DBS) more because of the DBS‟ financial unsustainability and lack of capacity to enhance and entrench economic growth, Babatunde Alayande‟s article analyzes the behavior of both the DBS and the contributory pension scheme (CPS) in the context of the Nigerian economy, and the country‟s strong desire for funds and investments towards development. The article emphasized the influence offunded pension (as a savings stock) in spurring financial growth and enhancing development project financing. In sum, pension reform is ide

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Odeh, O. L., and Lambert U. Edigin. "Challenges and Prospects of Contributory Pension Scheme in Nigeria." Dynamics of Public Administration 32, no. 2 (2015): 142. http://dx.doi.org/10.5958/0976-0733.2015.00011.5.

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Alape Ariza, Andrew Blake Hendrickson, Andrea Pinzon Reyes, Arbey Hernan Medina Rocha, Rodrigo Cabrera Perez, and Clara Isabel Bermudez Santana. "The Contributory Pension Scheme and Pensioners Satisfaction in Nigeria." International Journal of Managerial Studies and Research 11, no. 6 (2023): 17–23. http://dx.doi.org/10.20431/2349-0349.1106003.

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Alape Ariza, Andrew Blake Hendrickson, Andrea Pinzon Reyes, Arbey Hernan Medina Rocha, Rodrigo Cabrera Perez, and Clara Isabel Bermudez Santana. "The Contributory Pension Scheme and Pensioners Satisfaction in Nigeria." International Journal of Managerial Studies and Research 11, no. 6 (2023): 17–23. http://dx.doi.org/10.20431/2349-0349.1105003.

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Mahanti, Ansuman, Santosh Kumar Tripathy, and Bijaya Kumar Sundaray. "Pension Reforms: A Study on the Contributory Pension Scheme of Government of Odisha." Siddhant- A Journal of Decision Making 18, no. 1 (2018): 42. http://dx.doi.org/10.5958/2231-0657.2018.00005.8.

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Vijaya, Kittu Manda, and Pravalika Yelagandula. "The Indian National Pension Scheme (NPS): A Retirement System that got even better." GITAM Journal of Management 19, no. 4 (2021): 18–30. https://doi.org/10.5281/zenodo.7338786.

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In the age of Governments no longer providing formal social security post-retirement, individuals now have an increased need to build their retirement corpus. The Pension Fund Regulatory Development Authority (PFRDA) regulates India's National Pension Scheme (NPS) – a formal contributory pension system introduced in early 2000. The NPS is well designed and has a robust framework. Over the years, active regulation made the product more robust. NPS now allows individual Indian citizens (and not just Government or private sector employees) to subscribe and build their retirement corpus.

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Oigbochie, Dr Abel Ehizojie, Obera Victoria Ahonya, and Sr Dr Paschal Mba Nchedo. "The New Contributory Pension Scheme and the Investment of Pension Fund for Improved Benefits." International Journal of Research and Innovation in Social Science VII, no. VIII (2023): 642–49. http://dx.doi.org/10.47772/ijriss.2023.7845.

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The study examined the new contributory pension scheme and the investment of pension fund for improved benefits. Descriptive statistics was used in analyzing the responses elicited through questionnaire, from the sampled population. Data gathered from in-depth interview were analyzed qualitatively in other to test the hypothesis. It was found that the investment of pension funds has not led to fair returns in retirees Retirement savings accounts (RSA) balance. The study suggests diversification of the portfolio and modes of investment of pension funds by the PFAs to include greater emphasis on

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Omotayo, Johncally ABERE. "The Contributory Pension Scheme (CPS) and Sufficiency of Retirement Benefit of the Low-Income Retirees of the Federal Public Service in Nigeria." Indian Journal of Economics and Finance (IJEF) 3, no. 1 (2024): 35–51. https://doi.org/10.54105/ijef.A2562.03010523.

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<strong>Abstract:</strong> This study examined the level of sufficient retirement benefit under the contributory pension scheme emanating from the pool of savings contributed that can suffice to provide the minimum needed livelihood. The secondary data of all pension contributions and retirement benefits were retrieved from series of publications of Pen Com from the years 2004 to 2022. The primary data population consists of 1316 retirees. Easy Fit 5.6 Professional Software together with the Least Square Model, accumulation and annuity formulae was employed to analyse the secondary data and th

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Hassan, Afees O., and Sunmola K. Adegoke. "Contributory Pension Scheme and Welfare of Retirees: A case of Tertiary Institutions of Education in Southwestern Nigeria." AKSU Journal of Administration and Corporate Governance 4, no. 2 (2024): 40–53. http://dx.doi.org/10.61090/aksujacog.2024.019.

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The study investigated the effect of the Contributory Pension Scheme (CPS) on the welfare of retirees of tertiary institutions of education in the Southwestern zone of Nigeria. Using the Taro Yamane formula and a multi-level sampling technique, a sample size of 125 retirees was obtained from three tertiary institutions of education in the Southwestern part of Nigeria as follows: Osun State College of Education, Ilesa (41), Lagos State University of Education, Lagos (36) and Adeyemi College of Education, Ondo (48). The main instrument of data collection was a set of questionnaire which was admi

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Dauda, Yunus A., Shakirudeen A. Balogun, and Ahmed I. Kotun. "Effects of Management of Retirees' Benefit in Lagos State: A Study of Lagos State Pension Commission." LASU Postgraduate School Journal (LPSJ) 1, no. 2 (2025): 203–20. https://doi.org/10.5281/zenodo.14776885.

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This study examined effects of management of retirees’ benefit in Lagos State government. The contributory pension system has significantly fascinated greater attention of policy makers, entrepreneurs, multinational organizations, educational institutions and self-employed following the adoption of the scheme in Nigeria economy. It serves as a form of financial welfare in the provision of a minimal level of well-being and social support for citizens and other eligible residents who lack sufficient current means to support their basic needs. Survey research design was adopted for this stu

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Zhang, X. Y. "Enterprise Pensions in China: History and Challenges." Public Finance and Management 9, no. 1 (2009): 76–96. http://dx.doi.org/10.1177/152397210900900104.

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Since the establishment of the People's Republic of China by the Communist Party in 1949, the government has introduced a social welfare system for both urban and rural populations. Before the economic reform and the open door policy that started at the end of the 1970s, enterprises were not concerned about the effect of their payments because their budgets were not completely separated from the government budget. After more than 50 years of changes and reforms to the pension system, the current system in China is still dominated by the public pillar, a largely urban-based, contributory, parti

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Hung, Nguyen Thanh, Tran Thi Xuan Anh, and Tran Thanh Thu. "A Combined Model to Examine Contributory Factors to Vietnamese Employee’s Adoption of Life Insurance with Pension Scheme." Business and Economic Research 14, no. 3 (2024): 1. http://dx.doi.org/10.5296/ber.v14i3.22011.

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This paper combined demographic and psychological variables to construct a model of factors influencing Vietnamese employees' adoption of pension scheme insurance. We surveyed the sample 320 long-term working Vietnamese employees to test the significance of seven exploratory variables on the probability of buying a retirement package: Marital status, Age, Educational Level, Income, Location, Attitude toward pension scheme adoption, and Retirement Financial Need. We ran a binary logistics and found the significant positive impact of these above factors on the pension insurance adoption of Vietn

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Samuel, Nsambo, Nsama Chaste, and C. Hapompwe Chrine. "Employees' Perception of the Contributory Pension Scheme (CPS) and Its Implementation Effect in Malawi's Shire Highlands Education Division." Journal of Economics, Finance and Management Studies 07, no. 01 (2024): 585–99. https://doi.org/10.5281/zenodo.10608483.

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There have been dynamics in the pension systems globallywhich have witnessed various countries embracing the pension reforms within their Pension Scheme arrangements in respective jurisdictions. This evolution compelled Malawi to introduce the Contributory Pension Scheme (CPS) in 2011, targeting all employees, but received it with mixed feelings. This study purposed to establish public secondary school teachers’ perception of the CPS and its implementation effect. The study was guided by three objectives which were; to assess secondary school teachers’ knowledge levels of the CPS;

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