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ASSESSMENT OF THE EFFECTS OF THE IMPLEMENTATION OF CONTRIBUTORY PENSION SCHEME ON RETIREMENT BENEFITS IN KANO STATE: A STUDY OF KANO STATE PENSION FUND TRUSTEES
ABSTRACT
This study is an assessment of the effects of the implementation of contributory pension scheme
on retirement benefits in Kano state: A study of Kano State Pension Fund Trustees from 2007-
2015. The problem investigated revolves around the effect of the implementation of CPS on
timely payment of retirement benefits, the effects of compliance with the Kano state pension and
gratuity law 2006 in the remittance and the investment of the contributed funds on effective
payment of retirement benefits among others. The study aimed at examining the effects of the
implementation of contributory pension scheme on the payment of retirement benefits in Kano
State. The data for the study were generated from primary and secondary sources. The
instruments of the primary data collection used were questionnaire and interview, while
secondary sources made use of reports, books, magazines, gazettes, journals, research theses and
dissertations and the internet. Data were analysed using descriptive and inferential statistical
tools. Questionnaires were distributed on a sample of 118 respondents selected from 164
population of the study through a stratified and simple random sampling techniques to test the
hypotheses. Regression analysis tests result revealed that, compliance with the contributory
pension scheme law significantly affects the payment of retirement benefits and that,
implementation of CPS has significantly improved the timely payment of retirement benefits in
Kano State. It was recommended among other things that, PFT must ensure effective
implementation of the penalties provided by the Pension and Gratuity Law 2006 on noncompliers regardless of their position or status, and that, Conducive and enabling environment must be created by the government for smooth implementation of the scheme particularly in the areas of investment of the pension funds/assets and full remittance of contributions to the PFTs.
For timely processing of retirees‘ retirement benefits PFTs must ensure that, qualified staff are
xvii recruited and posted as Pension Desk Officers to every government organisation operating under
the scheme particularly LGA‘ and LGEAs
TABLE OF CONTENT
Title page- – – – – – – – – i
Approval page – – – – – – – -ii
Dedication – – – – – – – – -iii
Acknowledgement – – – – – – – -iv
Abstract – – – – – – – – – -v
Table of content – – – – – – – -vi
CHAPTER ONE
INTRODUCTION – – – – – – – -1
1.0 Background of the study – – – – -1
1.1 Statement of the problem – – – – -5
1.2 Purpose of the study – – – – – -6
1.3 Significance of the study – – – – -8
1.4 Research questions – – – – – -9
1.5 Scope of the study – – – – – – -10
CHAPTER TWO
LITERATURE REVIEW – – – – – – -11
CHAPTER THREE
Research methodology – – – – – – -39
Design of study – – – – – – – -40
CHAPTER FOUR
Presentation, analysis and interpretation of data – -48
CHAPTER FIVE
Summary of findings – – – – – – -60
Conclusion – – – – – – – – -61
Recommendations – – – – – – – -62
Suggestions for further research – – – – -64
References – – – – – – – – -65
Appendix I – – – – — – – – -68
Questionnaire. – – – – – – – -69
ASSESSMENT OF THE EFFECTS OF THE IMPLEMENTATION OF CONTRIBUTORY PENSION SCHEME ON RETIREMENT BENEFITS IN KANO STATE: A STUDY OF KANO STATE PENSION FUND TRUSTEES
