Evaluation Of Pension Fund Accounting In A Public Sector Organization (A Study Of National Root Crops Research Institute, Umudike):-Anyanwu Madona C
ABSTRACT
The main aim of this research is to find out the
problem restricting against the effective and efficient running of pension fund
in the public sector and also to enhance the effectiveness of the National pension
commission towards their jobs in recent years. The fact that some factors were
restrictions to the administration of the old pension fund such as unfunded
aspect of the scheme, has led the Nigeria government to experience accumulated
pension liabilities. Pension fund has to be properly accounted for and for this
purpose proper books or record of account have to be kept by governments,
pension fund Administrators, Pension Asset Custodians, Employers, and the
pension desk officers. The population of this research constitute of 490 staff
of the National Root Crop Research Institute. From this population a sample
size of 142 was ascertain from Account unit, Administration Unit, , Pension
unit, payroll unit using the Yaro Yamcn formulae The data for this research
were collected through primary source of data. The primary data collected
through questionnaire which were distributed to staffs of the institute were
analyzed using Anova. Based on tested hypothesis it was found out that the old
pension scheme is significantly different from the new pension scheme, the
workers prefer the new pension scheme more than the old pension scheme due to
its simplicity of computation, method of Administration etc. This project
therefore recommends that all hands should be on deck by all concerned in the
accounting documentation of pension fund to make it easy going and to help
alleviate poverty after retirement by pensioners.
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ANYANWU, C (2024). Evaluation Of Pension Fund Accounting In A Public Sector Organization (A Study Of National Root Crops Research Institute, Umudike):-Anyanwu Madona C. Repository.mouau.edu.ng: Retrieved Nov 21, 2024, from https://repository.mouau.edu.ng/work/view/evaluation-of-pension-fund-accounting-in-a-public-sector-organization-a-study-of-national-root-crops-research-institute-umudike-anyanwu-madona-c-7-2
CHIDINMA, ANYANWU. "Evaluation Of Pension Fund Accounting In A Public Sector Organization (A Study Of National Root Crops Research Institute, Umudike):-Anyanwu Madona C" Repository.mouau.edu.ng. Repository.mouau.edu.ng, 22 Aug. 2024, https://repository.mouau.edu.ng/work/view/evaluation-of-pension-fund-accounting-in-a-public-sector-organization-a-study-of-national-root-crops-research-institute-umudike-anyanwu-madona-c-7-2. Accessed 21 Nov. 2024.
CHIDINMA, ANYANWU. "Evaluation Of Pension Fund Accounting In A Public Sector Organization (A Study Of National Root Crops Research Institute, Umudike):-Anyanwu Madona C". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 22 Aug. 2024. Web. 21 Nov. 2024. < https://repository.mouau.edu.ng/work/view/evaluation-of-pension-fund-accounting-in-a-public-sector-organization-a-study-of-national-root-crops-research-institute-umudike-anyanwu-madona-c-7-2 >.
CHIDINMA, ANYANWU. "Evaluation Of Pension Fund Accounting In A Public Sector Organization (A Study Of National Root Crops Research Institute, Umudike):-Anyanwu Madona C" Repository.mouau.edu.ng (2024). Accessed 21 Nov. 2024. https://repository.mouau.edu.ng/work/view/evaluation-of-pension-fund-accounting-in-a-public-sector-organization-a-study-of-national-root-crops-research-institute-umudike-anyanwu-madona-c-7-2