Browsing by Author "Abubakar, S. J."

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    Perception of the Difference Between Retired and Serving Employees in Opening Savings Account or the Temporary Savings on the Defined Contributory Pension in Sokoto State
    (Department of Business Administration, University of Maiduguri, Nigeria, 2017-09) Nurudeen, B. A.; Abubakar, S. J.
    This study is on the perception difference between retired and serving Employees in Sokoto state on the Defined Contributory Pension Scheme(DCP) in opening Retirement Savings Account (RSA) or the Temporary Retirement Savings Account (TRSA). Employees of federal ministries, departments and agencies (MDA's) in Sokoto state served as the population of the study. Multi-stage sampling technique was used to arrive at a sample of 735 respondents. The questionnaire was also used to solicit information from the respondents. The DCP is the independent variable while the dependent variable is the perception difference measured by employees' possession of the retirement savings account or the temporary retirement savings account. Descriptive and inferential statistics were employed to present and analyse the data. The study found that there is no significant difference between the opinions of serving employees and retirees in terms of the opening of Retirement Savings Account (RSA) or Temporary Retirement Savings Account (TRS/). The study therefore recommended among others that RSA or TRSA should he strictly observed by both employees and employers to ensure that retirement savings are guaranteed after service years and that National Pension Commission (PENCOM) should checkmate organisations that are yet to abide strictly on the current policy and the Pension Reform Act 2014 as amended and sanction them accordingly in order not to jeopardise the scheme basic objectives of guaranteeing Retirement Savings at retirement