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Contributors'Monotoring of Pension Fund Investment and Prompt Payment of Pension Benefits in University of Ibadan Nigeria

Authors: Ojo Olawole

Publication Type: Journal article

Journal: Iosr Journal Of Humanities And Social Sciences (iosr-jhss))

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Abstract

Globally, the central goal of pension scheme has been to ensure retires live relatively comfortable lives on exit fromservice by the optimum management of their pension fund. however, lack of financialknowledge of the pension scheme in Nigeria has been a great disadvantage for contributors and and retirees inthe monitoring of their pension fund investment and overall management of the pension scheme in Nigeria.This study examined the effect of contributors monitiring of pension fund investment on prompt paymentof pension benefits in University of Ibadan, Nigeria. Convergent paralel design was adopted for the study. teh population of the study was 4267 while Taro Yamane;s(1967) formula waswas adopted to calculate the sample size of 100. Out of the 100 questionaires administered to the redpondents at the University of Ibadan,86 copies of questionaires were completed and returned which implied a response rate of86%. Descriptive and inferetial sattistics( linear regression) were employed in analysis of data.The study found an insignificant effect of contributors monitiring of pension fund investment prompt payment of pension benefits (F(I, 84)=2233.Adj. R2=0.14,p>0.05). The study therefore recommended that contributors should sot only monitor their investments but be involved in the decision making process on what options to which their funds are to be invested. This would guarantee adequate return on investments and good standard of living at retirement.

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Ojo,O. . (2019). Contributors'Monotoring of Pension Fund Investment and Prompt Payment of Pension Benefits in University of Ibadan Nigeria, 24 (), 32-32.

Ojo,O. . "Contributors'Monotoring of Pension Fund Investment and Prompt Payment of Pension Benefits in University of Ibadan Nigeria" 24, no (), (2019): 32-32.

Ojo,O. and . (2019). Contributors'Monotoring of Pension Fund Investment and Prompt Payment of Pension Benefits in University of Ibadan Nigeria, 24 (), pp32-32.

OjoO, . Contributors'Monotoring of Pension Fund Investment and Prompt Payment of Pension Benefits in University of Ibadan Nigeria. 2019, 24 ():32-32.

Ojo,Olawole , . "Contributors'Monotoring of Pension Fund Investment and Prompt Payment of Pension Benefits in University of Ibadan Nigeria", 24 . (2019) : 32-32.

O.Olawole , "Contributors'Monotoring of Pension Fund Investment and Prompt Payment of Pension Benefits in University of Ibadan Nigeria" vol.24, no., pp. 32-32, 2019.

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