Browsing by Author "Stephen CD"

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    CONTRIBUTORY PENSION SCHEME AND PENSION FUND ADMINISTRATION CHALL NIGERIA (2014 Pension Reform Act in Focus)
    (Faculty of Management and Social Sciences, Nigeria Police Academy, Kano, 2023-04-24) Bot, M.D.; Olorunsuwa, E.O.; Kajang, E.M.; Stephen CD
    The study mutually assesses the features, prospects and challenges of the new Contributory Pension Act enacted as an important aspect of retirement planning. To achieve this, the study adopts the qualitative enquiry while depending on secondary materials for data. The study equally juxtaposed in terms oj principles and core values the new pension scheme with the past pension schemes. The values of the scheme are ideally laudable and superior to those of the past schemes, giving that the scheme consolidated loopholes in the previous schemes especially in creating a uniform system of pension administration i and public sector. In this light, the National Pensions Commission (PENCOM), which regulates the two principal agents in the new pension scheme: Pension Fund Custodians (PFCs) and Pension Administrators (PFAs) should determine to be anti-corrupt, so as to be able to regulate the activities PFAs, more so, with zero tolerance for any form of financial misappropriation. The study found throwing tantrums to the government for enacting The Pension Reform Act (PRA) 2014, the Act is facing sensitive challenges that has impeded on the actualization of its initial goals. The study found that silent about the pension of organizations with a workforce of 3-14. Secondly, it was found that pension and gratuity are not mutually exclusive in the CPS 2014.