THE PROCEDURES AND WAYS OF PAYMENT OF PENSION AND GRATUITY TO RETIRED CIVIL SERVANTS IN ENUGU STATE
ABSTRACT:
This project is divided into different stages for ease of reference and simplification for analysis which goes as follows:-
The introduction of pension and gratuity, the background of the study which states the provision of pension and gratuity to retired civil servants in Enugu State by government though taxation. But in the private sector, premium has to set aside in separate fund known as funding for the purpose.
Statement of the problem which states the different problems that through about pension and gratuity which are the inability for the retirees to lacks training and understanding on the qualification and entitlement of pension and gratuity, highly poor of regardless of pension and gratuity to government, inability to know the meaning and need of pension and gratuity.
Purpose of the study, which state the needs to enlighten the public on the processes involved which prevent some civil servant from enjoying their pension and gratuity before they die. It also let the retired civil servants to know when their suppose to receive their pension and gratuity, finally the processes and ways involved in their payments.
TABLE OF CONTENTS
Chapter One – introduction
- Background Of The Study                        2
- Statement Of The Problem                        4
- Purpose Of The Study                                           5
- Scope Of The Study                                   5
- Limitations Of The Study                           6
- Significance Of The Study                        7
- Definition Of The Terms                            7
- References                                                              10
CHAPTER TWO
2.0 Review Of Related Literatures                                   11
2.1 Local Related Literature And Study              11
2.2 Statutory Age Of Retirement                                      12
2.3 Notices Of Retirement                                                 12
2.4 Conditions For Granting Retirement Benefits        12
2.5 Qualifying Servant For Pension And Gratuity        13
2.6 Death Gratuity                                                                           14
2.7 Pension/Gratuity Where An Officer Killed In
Course Of The Study                                                                16
2.8 Way Of Calculating Pension                                     18
2.9 Reference                                                                                  21
CHAPTER THREE
3.1 Research Of Methodology                                          22
3.2 Sources Of Data                                                                       22
3.3 Population Of The Study                                            23
3.4 Sample Size Determination                                       24
3.5 Research Instrument Used                                        25
3.6 Method Of Questionnaire Administration
And Distribution                                                                           25
3.7 Method Of Data Analysis                                            26
3.8 Limitation Of The Study                                             26
CHAPTER FOUR
4.1 Presentation, Analysis And Interpretation Of Data 27
CHAPTER FIVE
5.1 Conclusion                                                                                39
5.2 Summary Of Findings                                                 40
5.3 Discussion Of Result                                                              41
5.4 Recommendations                                                                   42
Bibliography                                                                                    45
Appendix                                                                                          49
Questionnaires                                                                               50
CHAPTER ONE
INTRODUCTION
The term pension is a sum of money paid regularly by government to people above a certain age and to widowed, (widow) or disable people by former employers or financial institutions. It is also an amount of money paid regularly by a government or company to somebody who is considered to be too old or.
While the term, gratuity, means the money that you give to somebody who has provided a service for you or money that is given to employers when they leave their job.
There for being a reward for past meritorious services pensions and gratuities claim a first charge on the consolidated found of any government. Pension and gratuity matter should be treated with dispatch so it becomes inhuman for any deliberate delay in the payment or processing of retiring benefits.