International Journal of Educational Administration and Policy Studies
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Article Number - 482F4CA67013


Vol.9(11), pp. 146-151 , December 2017
DOI: 10.5897/IJEAPS2017.0524
ISSN: 2141-6656



Full Length Research Paper

Challenges of implementing the contributory pension scheme in public universities in Nigeria



Onukwu James
  • Onukwu James
  • Arts Education Department, Faculty of Education, Federal University Otuoke, Bayelsa State, Nigeria.
  • Google Scholar







 Received: 06 July 2017  Accepted: 21 August 2017  Published: 31 December 2017

Copyright © 2017 Author(s) retain the copyright of this article.
This article is published under the terms of the Creative Commons Attribution License 4.0


This study discussed the challenges of implementing the contributory pension scheme in public universities in Nigeria. The rationale, objectives, and features of the contributory pension reform act of 2014 (amended) were discussed. Secondary sources of data were used for the discussion and the views of other scholars as it concerns the implantation of the contributory pension scheme. The identified challenges includes: non-compliance by many state governments thus state owned universities; non remittance by government; inability of retired employees to access their pension benefits; unique engagement arrangements of Nigeria universities; inability of employees to open and own a retirement savings account (RSA); perception of employees to the scheme; contributing ratio by government and employees; different pension scheme and uncertainties of the old defined benefits scheme in some universities; inability of government to fund the guaranteed minimum pension (GMP); inadequate induction and orientation programme at the point of engagement. It was however recommended among others that state governments should appreciate the benefits of the contributing pension scheme and enact laws that will ensure its implementation in all state owned institutions including the universities.

 

Key words: Employees, public universities and contributory pension scheme.

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APA Onukwu, J. (2017). Challenges of implementing the contributory pension scheme in public universities in Nigeria. International Journal of Educational Administration and Policy Studies, 9(11), 146-151.
Chicago Onukwu James. "Challenges of implementing the contributory pension scheme in public universities in Nigeria." International Journal of Educational Administration and Policy Studies 9, no. 11 (2017): 146-151.
MLA Onukwu James. "Challenges of implementing the contributory pension scheme in public universities in Nigeria." International Journal of Educational Administration and Policy Studies 9.11 (2017): 146-151.
   
DOI 10.5897/IJEAPS2017.0524
URL http://academicjournals.org/journal/IJEAPS/article-abstract/482F4CA67013

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