RETIREMENT POLICY AND THE SURVIVAL OF CIVIL SERVANT IN NIGERIA PUBLIC SECTOR(A STUDY OF DELTA STATE CIVIL SERVICE)
Abstract
The study Retirement policy and the problem ofimplementation in Nigerian public sector was
aimed at determining the effects of old pension schemes(pay-as-you-go-defined benefits)and
they are corruption and infation,weak institutional capacity and non-compliance of stakeholders
which lead to non-implementation of the previous pension scheme,thereby growing rise to the
contributory pension scheme (PRA 2004),as a way of strengthening the powers ofthe operators
of the scheme and promoting social investments in the national economy.The survey method
was adopted in administering the questionnaires to the staffand retires ofEnugu state civil
service and the Bourley's formula was used to determine the sample size.the retirees complained
that they have experience difficulty in claiming their gratuity and pension which have resulted
for them not to enjoy their retirement period,due to the challenges facing the defined benefts
scheme.The effective implementation ofpension reform act (PRA)2004 would avert the hardship
ofretirees of Enugu stage civil service after this retirement,thereby forcing them into productive
venture after retirement.To quicken the dispensation of the pensioners benefts in term
ofgratuities and pension,federal government establishes the nationalpension commission which
later licensed on fiund administrators (PFAS)and pension fund custodian (PFCS)for effective
operations of the scheme.Finally,relevant legal framework should be put in place by the federal
government to ensure political economy and necessary support for the scheme by subsequent
government,and all hands should be on deck to ensure the success and sustainability of the
pension reform act (PRA)2004
Full-Text Access Notice
In accordance with the NERD Policy on promoting peer-reviewed publication, public access to the full text of a project, thesis or dissertation is restricted for three years, allowing the author and supervisors sufficient time to pursue peer-reviewed publication.
During this period, researchers with legitimate academic or research purposes may request authorisation directly from the author to enable NERD to release the indexed full texts of the work using the form below.