ABSTRACT
The aim of this study was to investigate the Evaluation of Pension Fund Administration in Nigeria: A case study of University of Calabar Teaching Hospital, Calabar (UCTH). The problem emphasized on the basis retirement and gratuities which were not paid to retired workers as and when due, which resulted in accumulation of huge retirement benefits which were owed to retirees. Again, government parastatals and institutions have not succeeded in setting aside the recommended amount of pension scheme from lack of funds. Some researchers claim that these consequently brought about a lot of untold hardships, death and sufferings to pensioners. The other objectives of the study includes; to ascertain the reasons for delays in the payment of pensions and gratuities of retired workers in Unical Teaching Hospital. To highlight the benefits of contributory pension scheme to pension fund administration in Unical Teaching Hospital, Calabar. The data collection instrument used was a structured questionnaire drawn on a 4-point scale. The hypotheses were in null forms to aid in the study. Based on the findings of the study, the following recommendations were made; the National Pension Commission (PENCOM) must from time to time monitor books of accounts on all transactions relating to the pension fund, the National Pension Commission (PENCOM) creates awareness to employees in accordance with the provision of Pension Reform Act, 2004 relating to effective prompt payment of gratuities, the anti-corruption agencies such as the Independent Corrupt Practices Commission (ICPC), Economic and Financial Crimes Commission (EFCC) and Code of Conduct Bureau (CCB) must strengthened through enabling laws and polices so that they can succeed in their task, the federal government should embark on training programme for the management staff of Pension Fund Administration for efficiency and effectiveness.
TABLE OF CONTENTS
TITLE PAGE – – – – – – i
CERTIFICATION – – – – – – ii
DEDICATION – – – – – – – iii
ACKNOWLEDGMENT – – – – – – iv
ABSTRACT – – – – – – – v
TABLE OF CONTENTS – – – – – – vi
LIST OF TABLE – – – – – – – vii
CHAPTER ONE
- INTRODUCTION – – – – – – 1
- Background of the study – – – – 3
- Statement of the problem – – – – 7
- Objectives of the study – – – – 9
- Research questions – – – – – 10
- Research hypotheses – – – – – 11
- Scope of the study – – – – – 12
- Significance of the study – – – – 12
- Limitations of the study – – – – 13
- Conceptual clarifications – – – – 15
- Theoretical framework – – – – 20
- Organization of the study – – – – 23
REFERENCES – – – – – – 25
CHAPTER TWO
SECTION A
- LITERATURE REVIEW – – – – – 27
- Introduction – – – – – – 27
- Review of related literature – – – – 29
- Summary of Literature Review – – – 32
SECTION B
- History of Pension Fund Administration in Nigeria 33
- Historical Background of University of Calabar
Teaching Hospital, Calabar – UCTH – CAL 36
- Objectives of Pension Fund Administration in
Nigeria – – – – – – – 38
- Operation of Pension Fund Administration in
Nigeria – – – – – – – 40
- Problems of Pension Administration in UCTH –Â Â Â Â Â Â 43
- Impact of Pension Fund Administration in UCTHÂ Â 44
- Evaluation of Pension Fund Administration in UCTHÂ Â Â Â Â Â 46
REFERENCES – – – – – – – 49
CHAPTER THREE
3.0 RESEARCH METHODOLOGY – – – – 50
3.1 Introduction – – – – – – – 50
3.2 Research Design – – – – – – 51
3.3 Area of the Study – – – – – – 52
3.4 Instrumentation  –      –      –      –      –      –      55
3.5 Sampling Techniques  –      –      –      –      –      56
3.6 Procedure for Data Collection – – – – 59
3.7 Procedures for Data Analysis – – – – 61
REFERENCES – – – – – – 63
CHAPTER FOUR
4.0 DATA PRESENTATION AND INTERPRETATION – 64
4.1 Data Presentation and Analysis – – – 64
4.2 Test of Hypotheses – – – – – 68
4.3 Discussion of Findings – – – – – 73
REFERENCES – – – – – – 77
CHAPTER FIVE
- SUMMARY, CONCLUSIONS, RECOMMENDATIONS 78
- Summary of the study – – – – 78
- Conclusion – – – – – – – 80
- Recommendations – – – – – 81
5.4 Suggestions for Further Studies – – – 82
Bibliography – – – – – – – 84
Appendices – – – – – – – 88
LIST OF TABLES
Page
Table 1: Population of Pensioners in University of
Calabar Teaching Hospital, Calabar-UCTH 58
Table 2 Percentage distribution of retrieved
and non-retrieved Questionnaires 65
Table 3 Distribution of respondent based on sex 66
Table 4 Distribution of Respondents based on age 67
Table 5 Chi-Square Analysis of whether management
staff of Pension Fund Administration are
qualified and competent to manage
pension Fund in Nigeria.                           69  Â
Table 6 Chi-Square Analysis of for whether RSA
not funded by employer under
New Pension Contributory Scheme. 71
Table 7 Chi-Square Analysis for whether records of retirees are properly kept or not. 72
