ABOUT US  |  CONTACT US
Global Academic Journal of Economics and Business
Volume-6 | Issue-03
Original Research Article
Pension Regulations and the Socio-Economic Wellbeing of Retirees in Nigeria
Fiiwe, J. L, Norteh, P. D, Dugbor, S. T, Baadom, C. N
Published : June 20, 2024
DOI : 10.36348/gajeb.2024.v06i03.002
Abstract
The increment of production output has been put forward as one of the main purposes of retirement world over. Nevertheless, how much this purpose is achieved has been questioned as workers and retirees have always complained of how the pension system has not been living up to their expectation which downs on their motivation to work productively. This has led many studies into the pension system and its relationship with the retirees, yet none have considered the place of the pension regulations in the socioeconomic wellbeing of the retirees. This study has therefore evaluated the role of pension regulators in preparing retirees for retirement; investigated the effect of pension regulations on the social status of retirees; investigated the impact of pension regulations on the economic life of retirees; and explored factors that promote the socio-economic wellbeing of retirees. The study was anchored on the social contract theory using primary data collected from federal workers, analysed with the use of percentage and mean score. The study found that the pension regulation does not have positive impact on the socioeconomic wellbeing of the retirees. This is so because, the regulators have not been living up to their responsibilities of educating the employees on the new pension system, attending to petitions of RSA holders and investigating impropriety by the PFAs and PFCs. The study therefore recommends a general scrutiny of the pension regulatory system and more.

Article formats

PDF (Portable Document Format) is a file format that has captured all the elements of a printed document as an electronic image that you can view, navigate read more...

A full-text database is a compilation of documents or other information in the form of a database in which the complete text of each referenced document is read more...

Contact us


Scholars Middle East Publishers,
Gold Souk, Deira, d – 24 D85,
Dubai, United Arab Emirates

+971-54-717-2569
submit.gajrc@gmail.com

Useful Links


Home
Aim and Scope
Author Guidelines
Subject Area

About Us


GAJRC (Global Acedemic Journals and Research Consortium) is an international scholar’s community which publish research paper under Scholars Middle East Publisher for open access scientific journals in both print and online publishing from Dubai, UAE. Read More Here

© GAJRC , All Rights Reserved

Developed by JM