Design & Implementation Of Pension & Gratuity Management Software (A Case Study Of Abia State Civil Service)
ABSTRACT
The management of pension scheme in
Nigeria is inundated by multiple and diverse problems. One key problem is the
lack of adequate funding. Government Parastatals and Institutions have not
succeeded in setting aside the recommended 25% for pension scheme from the
total emolument of their employees for lack of funds. The subventions and
grants received from government are sometimes inadequate to meet recurrent
expenditure and overhead costs; talk less of having some reserve for pension
liabilities. Another dimension of the problem is the recent phenomenon whereby
pension funds are leased directly to underwriters. In most cases, the Boards of
Trustees are not aware of the transactions that result in the amount so
released.
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COBHAM, B (2021). Design & Implementation Of Pension & Gratuity Management Software (A Case Study Of Abia State Civil Service) . Repository.mouau.edu.ng: Retrieved Nov 21, 2024, from https://repository.mouau.edu.ng/work/view/design-implementation-of-pension-gratuity-management-software-a-case-study-of-abia-state-civil-service-7-2
BOCO, COBHAM. "Design & Implementation Of Pension & Gratuity Management Software (A Case Study Of Abia State Civil Service) " Repository.mouau.edu.ng. Repository.mouau.edu.ng, 05 Jul. 2021, https://repository.mouau.edu.ng/work/view/design-implementation-of-pension-gratuity-management-software-a-case-study-of-abia-state-civil-service-7-2. Accessed 21 Nov. 2024.
BOCO, COBHAM. "Design & Implementation Of Pension & Gratuity Management Software (A Case Study Of Abia State Civil Service) ". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 05 Jul. 2021. Web. 21 Nov. 2024. < https://repository.mouau.edu.ng/work/view/design-implementation-of-pension-gratuity-management-software-a-case-study-of-abia-state-civil-service-7-2 >.
BOCO, COBHAM. "Design & Implementation Of Pension & Gratuity Management Software (A Case Study Of Abia State Civil Service) " Repository.mouau.edu.ng (2021). Accessed 21 Nov. 2024. https://repository.mouau.edu.ng/work/view/design-implementation-of-pension-gratuity-management-software-a-case-study-of-abia-state-civil-service-7-2