Determinant of Pension Reform Act of 2014 in Nigeria: A Study of Abuja Workers

Abdulmalik Musa

Abstract


The study assessed the determinant of pension reform act of 2014 in Nigeria with a reference to organizations in Abuja, FCT. The study adopted a survey research design. The population of the study is uncertain and the researcher used infinite population with infinite sample size of 246. The method of data collection used by this study was a questionnaire that was administered to the respondents. The statistical tool used is regression. The findings revealed that contributors’ decision making has a positive and significant effect on pension reform act of 2014 in Abuja FCT while Retirees’ Standard of Living has a negative and significant effect on pension fund reform act of 2014 in Abuja FCT. The study recommended that the new pension reform act of 2014 should continue to be in practice for employees and employers of labour since the employees are making good decision to use the scheme to prevent future financial crises upon retirement. The new pension reform act of 2014 should be implemented with more emphases on retirees’ standard of living even though it has seen no much plan for retirees’ standard of living for now.


Keywords


Pension Reform Act, Contributors Decision Making and Retirees’ Standard of Living

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References


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