DESIGN AND IMPLEMENTATION OF A COMPUTERISED TEACHER PENSION VERIFICATION SYSTEM (A CASE STUDY OF KADUNA STATE PENSION BOARD)


CLICK HERE TO GET THE COMPLETE PROJECT »

DESIGN AND IMPLEMENTATION OF A COMPUTERISED TEACHER PENSION VERIFICATION SYSTEM (A CASE STUDY OF KADUNA STATE PENSION BOARD)

TABLE OF CONTENTTitle Page………………..iCertification………….…iiDedication………………iiiAcknowledgement……….ivTable of content……...…vCHAPTER ONE:     INTRODUCTIONSTATEMENT OF THE PROBLEMOBJECTIVE OF THE STUDYDEFINITION OF TERMSCHAPTER TWO:     LITERATURE REVIEW2.1 CONCEPTS AND MEANING OF PENSION FUND 2.2 TYPES OF PENSION FUND SCHEME 2.4 OBJECTIVES OF PENSION REFORM ACT 2004 2.5THE PROBLEMS AND CHALLENGES OF PENSION FUND IN NIGERIA 2.6 CONTRIBUTION OF THE PENSION FUND SCHEME 2.7 BENEFITS OF PENSION FUND SCHEMES 2.8 FACTORS AFFECTING PENSION FUND IN NIGERIA 2.9THE ROLE OF FINANCIAL INSTITUTION IN PENSION MANAGEMENT 2.10OPPORTUNITIES AND CHALLENGES FOR FINANCIAL INSTITUTIONS ON PENSION INDUSTRY 2.11CHALLENGES AND PROSPECTS IN MANAGEMENT OF PENSION FUND IN NIGERIA CHAPTER THREE:     SYSTEM DESIGN3.1    INTRODUCTION3.2    SYSTEM REQUIREMENT SPECIFICATION3.3    SYSTEM DESIGN 3.3.1    LOGICAL DESIGN  3.4    PROGRAM SPECIFICATION3.5    SYSTEM FLOWCHART3.3.1.6                 SYSTEM CONTROLS3.3.2.0           STRUCTURE OF DATABASECHAPTER FOUR:     SYSTEM IMPLEMENTATION4.1.0    INTRODUCTION4.2.0    FEATURES OF IMPLEMENTATION LANGUAGES   4.3.0    SYSTEM TESTING STRATEGIES4.3.1    UNIT TEST   4.3.2    INTEGRATION TESTING    4.4.0    TARGET COMPUTER SYSTEM REQUIREMENTS4.5.0    SOFTWARE MAINTENANCE ISSUES 4.5.1    CORRECTIVE MAINTENANCE4.5.2    PREVENTIVE MAINTENANCE 4.5.3    ADAPTIVE MAINTENANCECHAPTER FIVE: SUMMARY AND CONCLUSION5.0 SUMMARY5.1 CONCLUSION5.2 RECOMMENDATIONSREFERENCESJournalsAPPENDIX A: SOURCE CODEAPPENDIX

CHAPTER ONEINTRODUCTIONThe management of the Pension Fund in Nigeria is as old as Nigeria itself. The pension fund was introduced by the colonial masters to provide income and security for old age British citizens working in Nigeria upon retirement as a post-retirement benefit to employees. In the view of Adesina (2006:7), Nigeria Legislative instrument on pension matters was the pension ordinance of 1951 which had retrospective effect from 1st January, 1946. In 1961 National provident from (NPF) scheme was established with the legislation to address pension matters n private organizations.Pension is an arrangement of providing people with an income when they are no longer earning a regular income from employment. However, pensions should not be confused with severance pay; the former is paid in regular installments, while the latter is paid in one lump sum. Theterms „retirement plan‟ or „superannuation‟ refer to a pension granted upon retirement.Retirement plans may be set up by employers, insurance companies, the government or otherinstitutions such as employer associations or trade unions. The retirement pension is referred to asretirement plans in the United States, as pension schemes in the United Kingdom and Ireland butin Nigeria, it is popularly known to as pension. Retirement pensions are typically in the form of a guaranteed life annuity, thus insuring against the risk of longevity. In general, the common use ofthe term pension is to describe the payments a person receives upon retirement, usually underpre-determined legal and/or contractual terms. A recipient of a retirement pension is known as apensioner or retiree. Pension fund is any plan, fund, or scheme which provides retirement income.STATEMENT OF THE PROBLEMThe manual method of pension fund management maintains or keeps records in a filing cabinet abouteach employee/pensioner that is registered with a Pension Fund Administrator (PFA). When anemployee decides to open an account with a PFA for the purpose of retirement savings, the former(pensioner) has to go to the physical location of the PFA to obtain and fill a registration form.Upon returning the form, the PFA clerk opens a file for the employee where the filled form and othervital documents as required or that relate to the employee are stored. The file is then passed on to thenext PFA personnel to verify the employee‟s registration which may take some days if not weeks as thecase may be.Using the manual method, the employee is unaware of his/her account balance except if he visits thePFA‟s office. So, in case of financial impropriety in the employee‟s account, there is no way he/she cantrack this. In the manual method, it is a bit cumbersome for the PFA to maintain an up-to-date recordof employees/pensioners. When an employee switches job or changes location probably from one stateto another, it takes time before these changes can be effected in the employee‟s record. All thesemanual processes have resulted in problems such as:1. Theft and fraudulent practices in the process of investing pension funds and the return oninvestments2. Human errors i.e. in crediting of a pensioner‟s account3. Wastage of materials such as paper, files and so on,4. Lack of adequate information flow among PFA personnels .i.e. PFA‟s are unable to givetheir customers clear information as to what their balance is and what is the estimatedamount of money they will be collecting if they retire.5. The stress of pensioners having to go to PFA‟s office.A web-based pension fund management system is a system designed to manage pensionactivities both on the customers and Pension Fund Administrators (PFA) ends. The pensionmanagement activities on the part of PFAs include regular update of customers‟ information,crediting of customers‟ account if the customer is retired etc while customers‟ activities includechecking their balance online, making enquiries by sending mails, etc. OBJECTIVE OF THE STUDYThe main objective of the study is to design and implement a staff pension management system. Specific objectives of the study are:1.    To develop a secure system for staff information.2.    To design a pension management system where teachers’ remittance can be made on an agreed time interval.DEFINITION OF TERMS Joint Tax Board This is an approved body that monitors the activities of private sector pension schemes. Nigeria Social Insurance Trust Fund (NSITF) Provide and enhance social protection to private sector employees. National Pension Commission (PENCON) Is an apex body of pension industry in Nigeria that regulate and supervise the business of pension companies. National Insurance Commission (NALCOM) It is an independent body responsible for licensing and regulating insurance companies in Nigeria. Pension Reform ACT 2004 (PRA) This is the body under the Pension Reform Act 2004 that regulatess the activities of all pension matters. Pension Fund Administrators (PFAs) they are Private Limited Liability Companies licensed to manage pension funds under the Pension Act 2004. Pension Fund Custodian (PFCs) they are banks license to hold the pension fund assets on behalf of the PFA. Retirement Savings Account (RSA) This is where the monthly contributions of employees are kept for safe custody. Security and Exchange Commission (SEC) These are manages under pension scheme license to manage pension funds.

SCREENSHOTS OF THE APPLICATION

.

DESIGN AND IMPLEMENTATION OF A COMPUTERISED TEACHER PENSION VERIFICATION SYSTEM (A CASE STUDY OF KADUNA STATE PENSION BOARD)


CLICK HERE TO GET THE COMPLETE PROJECT »


TESTIMONIES FROM OUR CLIENTS


Please feel free to carefully review some written and captured responses from our satisfied clients.

  • "I love what you guys are doing, your material guided me well through my research. Thank you for helping me achieve academic success."

    Sampson, University of Nigeria, Nsukka.
  • "researchwap.com is God-sent! I got good grades in my seminar and project with the help of your service, thank you soooooo much."

    Cynthia, Akwa Ibom State University .
  • "Sorry, it was in my spam folder all along, I should have looked it up properly first. Please keep up the good work, your team is quite commited. Am grateful...I will certainly refer my friends too."

    Elizabeth, Obafemi Awolowo University
  • "Am happy the defense went well, thanks to your articles. I may not be able to express how grateful I am for all your assistance, but on my honour, I owe you guys a good number of referrals. Thank you once again."

    Ali Olanrewaju, Lagos State University.
  • "My Dear Researchwap, initially I never believed one can actually do honest business transactions with Nigerians online until i stumbled into your website. You have broken a new legacy of record as far as am concerned. Keep up the good work!"

    Willie Ekereobong, University of Port Harcourt.
  • "WOW, SO IT'S TRUE??!! I can't believe I got this quality work for just 3k...I thought it was scam ooo. I wouldn't mind if it goes for over 5k, its worth it. Thank you!"

    Theressa, Igbinedion University.
  • "I did not see my project topic on your website so I decided to call your customer care number, the attention I got was epic! I got help from the beginning to the end of my project in just 3 days, they even taught me how to defend my project and I got a 'B' at the end. Thank you so much researchwap.com, infact, I owe my graduating well today to you guys...."

    Joseph, Abia state Polytechnic.
  • "My friend told me about ResearchWap website, I doubted her until I saw her receive her full project in less than 15 miniutes, I tried mine too and got it same, right now, am telling everyone in my school about researchwap.com, no one has to suffer any more writing their project. Thank you for making life easy for me and my fellow students... Keep up the good work"

    Christiana, Landmark University .
  • "I wish I knew you guys when I wrote my first degree project, it took so much time and effort then. Now, with just a click of a button, I got my complete project in less than 15 minutes. You guys are too amazing!."

    Musa, Federal University of Technology Minna
  • "I was scared at first when I saw your website but I decided to risk my last 3k and surprisingly I got my complete project in my email box instantly. This is so nice!!!."

    Ali Obafemi, Ibrahim Badamasi Babangida University, Niger State.
  • To contribute to our success story, send us a feedback or please kindly call 2348037664978.
    Then your comment and contact will be published here also with your consent.

    Thank you for choosing researchwap.com.