Browsing by Author "LAWAL, I."

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    PERCEPTION DIFFERENCE BETWEEN SERVING AND RETIRED FEDERAL GOVERNMENT EMPLOYEES ON ACCESSIBILITY TO PENSION BENEFITS ON NIGERIA DEFINED CONTRIBUTORY PENSION
    (FACULTY OF MANAGEMENT SCIENCES, USMAN DANFODIYO UNIVERSITY, SOKOTO-NIGERIA, 2018-09) NURUDEEN, B. A.; LAWAL, I.
    This study is on the perception difference between retired and serving employees in Sokoto state on the Notification of Pension Monthly Contribution and Remittances as and when due on the Defined Contributory Pension Scheme (DCP). 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. Questionnaire was used to gather information from the respondents. The DCP is the independent variable while the dependent variable is the perception difference measured by the receipt of notification of pension monthly contributions as and when due by the employees and the retirees. Descriptive and inferential statistics were employed to present and analyze the data. The study found that serving employees and retirees in the MDA's have no differences expressed in perception in terms of receipt of notification of pension monthly contributions and remittances as and when due. The study therefore recommended among others PENCOM should take notification of pension monthly contribution and remittances very serious by way of mandating PFAs send statements of pension accounts to the clients as the notification of pension monthly contributions alerts contributors their status of pension assets. It also provides avenue for the employee to know his or her PFA's performance in-terms of accruable interest or commission to their assets. This is necessary before it becomes an issue likely to go out of hand.