Pension Reform: An Assessment of Policy Implementation in Kaduna and Niger States Public Service, Nigeria

Amina Lami Abdullahi; Ramatu Hyelni Zarma; Okopi Alexander Momoh; Hauwa Sani Jandutse; Hassan Muhammad Abubakar

doi:doi:10.11648/j.jhrm.201200802.11

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Pension Reform: An Assessment of Policy Implementation in Kaduna and Niger States Public Service, Nigeria

Amina Lami Abdullahi, Ramatu Hyelni Zarma, Okopi Alexander Momoh, Hauwa Sani Jandutse, Hassan Muhammad Abubakar

Published in Journal of Human Resource Management (Volume 8, Issue 2)

Received: 16 February 2020 Accepted: 28 February 2020 Published: 10 March 2020

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Abstract

The study assessed the pension reform policy in Kaduna and Niger states public service. Research design adopted for the study is descriptive-survey method which was used to carry out the study. The total population figure was estimated at about 170,000 including the 30 pension administrators/custodians. The sample-size for the study was 1700 representing 0.01% of the entire population. The sample-size was randomly selected to give each respondent a fair chance of being selected with purposive sampling technique. A structured questionnaire was used in data collection. The descriptive and inferential statistics such as mean scores, tables and content analysis were used. The mean range starts from 3 points and above. The research results lead to the clarity about the current contributory pension scheme in the public service for effective pension administration. Based on the results of findings of the study it was recommended that the banks and private financial institutions involved in Pension Fund Administration (PFA) should show ways to facilitate transparency and prudent accountability by publishing the rate of return, regular statements of contribution and interest for the various contributors to keep them abreast with their contributions.

Published in	Journal of Human Resource Management (Volume 8, Issue 2)
DOI	10.11648/j.jhrm.201200802.11
Page(s)	49-55
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2020. Published by Science Publishing Group

Keywords

Assessment, Pension Reform Policy, Public Service

References

[1]	Aborisade, F. (2012). Gratuity and retirement benefits and the pension reform act 2004. Ibadan: Department of Business Administration & Management Studies, the Polytechnic, Centre for Labour Studies (CLS). Retrieved from femiaborisade.blogspot.com/2012/10/gratuity-and-retirement-benefits-and.html
[2]	Aborisade, F. (2012). “An Assessment of Nigeria’s Pension reform Act 2004” in F. Adewumi& W. Idowu (eds) Public Sector Reforms in Africa: Nigerian Perspectives. Daka, Senegal: CODESRIA.
[3]	Adegbayi, A. (2005). Pension industry development in Nigeria. The thrust of the Pension Reform Act 2004. www.leadway.com, retrieved on Date 3rd June 2018.
[4]	Amoo, B. A. G. (2008). ”Maximizing the Impact of the New Pension Scheme in Nigeria: Issues, Prospects, and Challenges,” CBN Bullion 32 (2) pp: 19-26.
[5]	Amujiri, B. A. (2009). “The New Contributory Pension Scheme in Nigeria: A Critical Assessment”. Nigeria Journal of Public Administration and Local Government, Vol xiv, Nos 1 & 2, September, 2009.
[6]	Balogun. J. (2006) Managing change: steering a course between intended strategies and unanticipated outcomes. Long Range Planning, 39: 29-49.
[7]	Demaki, G. O. and Dedekuma, S. E. (2006). The significance of the pension reform act (PRA) 2004 of the resolution of the retirement crisis in Nigeria’, Omotor, D. G.
[8]	Dorstal, M. J. (2010). Pension reform in Nigeria five years on Great leap or inappropriate policy design, Paper for the 60th conference of the political studies association (PSA) at the University of Edinburgh, Scotland, 29 March - 1 April 2010.
[9]	FGN (2004). Federal Republic of Nigeria Official Gazette. 60 (91). Lagos: Government Press.
[10]	Krejcie, R. V., & Morgan, D. W. (1970). Determining Sample Size for Research Activities. Educational and Psychological Measurement, 30, 607-610.
[11]	Kujore, S. A. (2002). Workers Today, Pensioners Tomorrow. National Pension Commission, Abuja.
[12]	PenCom (2009). Guidelines for the publication of rates of return on RSA fund administrators.
[13]	Pension Reform Act, 2004.
[14]	Siyan, P. (2008). “Investment of Pension Funds and its Impact on the Nigerian Economy.” Paper Presented pension training workshop for directorate, Desk officers and the state ministries/Extra Ministerial Departments. Kaduna, 4th-15th August.
[15]	Umar, G. & Tasdo, E. (2012), Contributory pension system as a tool for economic growth in Nigeria. International Journal of Business and Behavioural Sciences vol. 2, no. 8, pp. 6-13.

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APA Style

Amina Lami Abdullahi, Ramatu Hyelni Zarma, Okopi Alexander Momoh, Hauwa Sani Jandutse, Hassan Muhammad Abubakar. (2020). Pension Reform: An Assessment of Policy Implementation in Kaduna and Niger States Public Service, Nigeria. Journal of Human Resource Management, 8(2), 49-55. https://doi.org/10.11648/j.jhrm.201200802.11

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ACS Style

Amina Lami Abdullahi; Ramatu Hyelni Zarma; Okopi Alexander Momoh; Hauwa Sani Jandutse; Hassan Muhammad Abubakar. Pension Reform: An Assessment of Policy Implementation in Kaduna and Niger States Public Service, Nigeria. J. Hum. Resour. Manag. 2020, 8(2), 49-55. doi: 10.11648/j.jhrm.201200802.11

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AMA Style

Amina Lami Abdullahi, Ramatu Hyelni Zarma, Okopi Alexander Momoh, Hauwa Sani Jandutse, Hassan Muhammad Abubakar. Pension Reform: An Assessment of Policy Implementation in Kaduna and Niger States Public Service, Nigeria. J Hum Resour Manag. 2020;8(2):49-55. doi: 10.11648/j.jhrm.201200802.11

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@article{10.11648/j.jhrm.201200802.11,
  author = {Amina Lami Abdullahi and Ramatu Hyelni Zarma and Okopi Alexander Momoh and Hauwa Sani Jandutse and Hassan Muhammad Abubakar},
  title = {Pension Reform: An Assessment of Policy Implementation in Kaduna and Niger States Public Service, Nigeria},
  journal = {Journal of Human Resource Management},
  volume = {8},
  number = {2},
  pages = {49-55},
  doi = {10.11648/j.jhrm.201200802.11},
  url = {https://doi.org/10.11648/j.jhrm.201200802.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jhrm.201200802.11},
  abstract = {The study assessed the pension reform policy in Kaduna and Niger states public service. Research design adopted for the study is descriptive-survey method which was used to carry out the study. The total population figure was estimated at about 170,000 including the 30 pension administrators/custodians. The sample-size for the study was 1700 representing 0.01% of the entire population. The sample-size was randomly selected to give each respondent a fair chance of being selected with purposive sampling technique. A structured questionnaire was used in data collection. The descriptive and inferential statistics such as mean scores, tables and content analysis were used. The mean range starts from 3 points and above. The research results lead to the clarity about the current contributory pension scheme in the public service for effective pension administration. Based on the results of findings of the study it was recommended that the banks and private financial institutions involved in Pension Fund Administration (PFA) should show ways to facilitate transparency and prudent accountability by publishing the rate of return, regular statements of contribution and interest for the various contributors to keep them abreast with their contributions.},
 year = {2020}
}

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TY  - JOUR
T1  - Pension Reform: An Assessment of Policy Implementation in Kaduna and Niger States Public Service, Nigeria
AU  - Amina Lami Abdullahi
AU  - Ramatu Hyelni Zarma
AU  - Okopi Alexander Momoh
AU  - Hauwa Sani Jandutse
AU  - Hassan Muhammad Abubakar
Y1  - 2020/03/10
PY  - 2020
N1  - https://doi.org/10.11648/j.jhrm.201200802.11
DO  - 10.11648/j.jhrm.201200802.11
T2  - Journal of Human Resource Management
JF  - Journal of Human Resource Management
JO  - Journal of Human Resource Management
SP  - 49
EP  - 55
PB  - Science Publishing Group
SN  - 2331-0715
UR  - https://doi.org/10.11648/j.jhrm.201200802.11
AB  - The study assessed the pension reform policy in Kaduna and Niger states public service. Research design adopted for the study is descriptive-survey method which was used to carry out the study. The total population figure was estimated at about 170,000 including the 30 pension administrators/custodians. The sample-size for the study was 1700 representing 0.01% of the entire population. The sample-size was randomly selected to give each respondent a fair chance of being selected with purposive sampling technique. A structured questionnaire was used in data collection. The descriptive and inferential statistics such as mean scores, tables and content analysis were used. The mean range starts from 3 points and above. The research results lead to the clarity about the current contributory pension scheme in the public service for effective pension administration. Based on the results of findings of the study it was recommended that the banks and private financial institutions involved in Pension Fund Administration (PFA) should show ways to facilitate transparency and prudent accountability by publishing the rate of return, regular statements of contribution and interest for the various contributors to keep them abreast with their contributions.
VL  - 8
IS  - 2
ER  -

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Author Information

Amina Lami Abdullahi

Departmsent of Educational Foundations, College of Technical and Vocational Education, Kaduna Polytechnic, Kaduna, Nigeria
Ramatu Hyelni Zarma

Departmsent of Educational Foundations, College of Technical and Vocational Education, Kaduna Polytechnic, Kaduna, Nigeria
Okopi Alexander Momoh

Department of Mechanical Engineering, College of Engineering, Kaduna Polytechnic, Kaduna, Nigeria
Hauwa Sani Jandutse

Central Administration, Kaduna Polytechnic, Kaduna, Nigeria
Hassan Muhammad Abubakar

Central Administration, Kaduna Polytechnic, Kaduna, Nigeria

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APA Style

Amina Lami Abdullahi, Ramatu Hyelni Zarma, Okopi Alexander Momoh, Hauwa Sani Jandutse, Hassan Muhammad Abubakar. (2020). Pension Reform: An Assessment of Policy Implementation in Kaduna and Niger States Public Service, Nigeria. Journal of Human Resource Management, 8(2), 49-55. https://doi.org/10.11648/j.jhrm.201200802.11

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ACS Style

Amina Lami Abdullahi; Ramatu Hyelni Zarma; Okopi Alexander Momoh; Hauwa Sani Jandutse; Hassan Muhammad Abubakar. Pension Reform: An Assessment of Policy Implementation in Kaduna and Niger States Public Service, Nigeria. J. Hum. Resour. Manag. 2020, 8(2), 49-55. doi: 10.11648/j.jhrm.201200802.11

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AMA Style

Amina Lami Abdullahi, Ramatu Hyelni Zarma, Okopi Alexander Momoh, Hauwa Sani Jandutse, Hassan Muhammad Abubakar. Pension Reform: An Assessment of Policy Implementation in Kaduna and Niger States Public Service, Nigeria. J Hum Resour Manag. 2020;8(2):49-55. doi: 10.11648/j.jhrm.201200802.11

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@article{10.11648/j.jhrm.201200802.11,
  author = {Amina Lami Abdullahi and Ramatu Hyelni Zarma and Okopi Alexander Momoh and Hauwa Sani Jandutse and Hassan Muhammad Abubakar},
  title = {Pension Reform: An Assessment of Policy Implementation in Kaduna and Niger States Public Service, Nigeria},
  journal = {Journal of Human Resource Management},
  volume = {8},
  number = {2},
  pages = {49-55},
  doi = {10.11648/j.jhrm.201200802.11},
  url = {https://doi.org/10.11648/j.jhrm.201200802.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jhrm.201200802.11},
  abstract = {The study assessed the pension reform policy in Kaduna and Niger states public service. Research design adopted for the study is descriptive-survey method which was used to carry out the study. The total population figure was estimated at about 170,000 including the 30 pension administrators/custodians. The sample-size for the study was 1700 representing 0.01% of the entire population. The sample-size was randomly selected to give each respondent a fair chance of being selected with purposive sampling technique. A structured questionnaire was used in data collection. The descriptive and inferential statistics such as mean scores, tables and content analysis were used. The mean range starts from 3 points and above. The research results lead to the clarity about the current contributory pension scheme in the public service for effective pension administration. Based on the results of findings of the study it was recommended that the banks and private financial institutions involved in Pension Fund Administration (PFA) should show ways to facilitate transparency and prudent accountability by publishing the rate of return, regular statements of contribution and interest for the various contributors to keep them abreast with their contributions.},
 year = {2020}
}

Copy | Download

TY  - JOUR
T1  - Pension Reform: An Assessment of Policy Implementation in Kaduna and Niger States Public Service, Nigeria
AU  - Amina Lami Abdullahi
AU  - Ramatu Hyelni Zarma
AU  - Okopi Alexander Momoh
AU  - Hauwa Sani Jandutse
AU  - Hassan Muhammad Abubakar
Y1  - 2020/03/10
PY  - 2020
N1  - https://doi.org/10.11648/j.jhrm.201200802.11
DO  - 10.11648/j.jhrm.201200802.11
T2  - Journal of Human Resource Management
JF  - Journal of Human Resource Management
JO  - Journal of Human Resource Management
SP  - 49
EP  - 55
PB  - Science Publishing Group
SN  - 2331-0715
UR  - https://doi.org/10.11648/j.jhrm.201200802.11
AB  - The study assessed the pension reform policy in Kaduna and Niger states public service. Research design adopted for the study is descriptive-survey method which was used to carry out the study. The total population figure was estimated at about 170,000 including the 30 pension administrators/custodians. The sample-size for the study was 1700 representing 0.01% of the entire population. The sample-size was randomly selected to give each respondent a fair chance of being selected with purposive sampling technique. A structured questionnaire was used in data collection. The descriptive and inferential statistics such as mean scores, tables and content analysis were used. The mean range starts from 3 points and above. The research results lead to the clarity about the current contributory pension scheme in the public service for effective pension administration. Based on the results of findings of the study it was recommended that the banks and private financial institutions involved in Pension Fund Administration (PFA) should show ways to facilitate transparency and prudent accountability by publishing the rate of return, regular statements of contribution and interest for the various contributors to keep them abreast with their contributions.
VL  - 8
IS  - 2
ER  -

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