ABSTRACT

 The main aim of this research is to find out the problem militating against the effective and efficient running of pension fund tin public sector. On the other hand, to enhance the effectiveness of the National pension Commission toward there jobs in recent years. The fact that some factor impeded the administration of the old pension fund scheme such as unfunded aspect of the scheme has made the Nigerian Government to have accumulated pension liabilities. Pension fund has to be accounted for, and for this purpose proper books or records of account have to keep by government, Pension Fund. Administrators, Pension Asset custodian, Employers, and the pension desk officers. The population of this research is the entire staff of Michael Okpara University of agriculture Umudike, which has a population of about 1100. From this population, a sample of 76 staff was taken at this random from eight colleges, Registry and Bursary Department. The data for this research was sourced through primary and secondary sources of data. The primary data through questionnaire distributed to the staff of the university and was analyzed using the chi-square statistic (X2 ). Based on the hypothesis tested, it was observed that, documentations has being justified as the problem of pension payment that requires a greater attention, the retirement savings account of the pensioner accts like a savings bank account etc. Therefore, Nigeria stand to benefit from the new pension scheme as it addresses the pension liability by stemming its further growth and provides a platform for addressing this liability. The scheme also imposes fiscal discipline on the nation is a solid foundation for economic development.