Pension as a scheme is designed to cater to the welfare of pensionable retired workers. The working lives of employees move continuously towards a certain direction i.e from employment to growth, to retirement. The main aim of this research is to ascertain the Effect of Pension Fund Management on Retirees in Nigerian Police Force. The study covers the existing administrative system of the centralized police pension offices and their various attempts to satisfy the increasing needs of retirees all over the federation. The main objective of this study is to examine the effect of pension fund management of retirees in Nigeria and so ascertain the problem of weakness in the administration system. Two hypotheses were tested, the null hypotheses were rejected and the alternative accepted. Questionnaires were formulated based on the hypotheses and were distributed. The recommendation was that more competent officers should be recruited to handle the growing need in the pension office and that then commission should intensity effort at ensuring timely remittances of benefits to the Retirement Savings Accounts (RSA) by firms, Employees, and employers.



1.0 Introduction


Background of the Study


Statement of Problem


The objective of the Study


Research Questions


Statement of Hypotheses


Significance of the Study


Scope and Limitation

1.8 Brief Historical Background of the Police

1.9 Definitions of Terms


2.1      Historical Background

2.2      History of the Police Pension Office the Police and Other


2.3      Prospect of the Police Pension Office

2.4      Review of the Past literature

2.5      Funding of Pension Civil Service

2.6      Schedule Service

2.7      Pension and Gratuity of Deceased Officers

2.8      Operational Structure and Forced Organization

2.9      Ranks

2.10    Force Management Improvement in Performance and Ethical


2.11    The Need for Sanity in the Police                   

2.12    Supervision and Job Performance in the Police

2.13    Theoretical Framework                                                     

2.14    The Objective of the New Contributory Pension

Scheme in Nigeria





Research Design


Sources of Data


The population of the Study


Sample & Sampling Techniques

3.6       Research Instruments

3.7       Reliability of the Instrument

3.8       Validity of the Instrument

3.9       Administration of the Instrument

3.10     Method of Data Analysis


4.1 Introduction

4.2 Distribution of Respondents to Biodata Information

4.3 Hypothesis Testing











CHAPTER ONEINTRODUCTION1.1     BACKGROUND OF THE STUDYNigeria's first-ever legislative instrument on Pension Matters was the pension ordinance of 1951, which had retrospective effect from January 1, 1846. (That was in the colonial era).National Provident Fund (NPF) scheme established in 1961 as the first legislation enacted to address private organized establishments Pension Matters in Nigeria.It was followed 28 years later by the Pension Act No. 102 of 1979, as well as the Armed Forces Pension Act No. 103 of the same year.Taken after the Armed forces experience, the Police and other Government Agencies pension schemes were established under pension Act No. 75 of 1987.This was followed by the Local Government Pension Edit which culminated in the establishment of the Local Government Staff pension board in 1987. In 1993 NSITF scheme was established by Decree No. 73 of 1993 to replace the defunct NPF scheme with effect from 1st July 1994 to cater for workers in the private sector of the economy against loss of Employment Income in Old Age Invalidity or Death.With the provision of these schemes mentioned above. Nigeria has been faced with the problem of paying retirement benefits for more than two decades and also there was a crisis in the administration and management of retirement benefits (Gratuity and Pension) in Nigeria in both public and private sectors for instance.§  Pay-As-You-Go pension in the public sector has totally collapsed due to lack of funds because it is non­contributory and not funded In advance by the government.§  The Private Sector and many Federal Government parastatals that are assumed to have strong and well-organized pension schemes are shadows of themselves, they are grossly underfunded or unfunded at all.This explains why the established NSITF scheme for Private Sector does not live up to expectations.§  Consumption of every disengagement benefit collected at the point of changing jobs among the private sector employees will lead to an unpleasant situation if there is nothing to fall back on (Provident Scheme).§  There are no standard guidelines on retirement benefits (Gratuity and Pension) and social security’s administration in the country which is also a problem facing Nigeria at old age upon retirement sectors.There are also some pension crisis faced by the pensioners and these include;1.             Unfunded arrears of about N3 trillion?2.             Pensioners not being paid entitlements regularly3.             Existence of Ghost pensioners in the public service4.             Pensioners dying on verification queues5.             Unstructured and unfunded private sector schemes6.             Diversion and mismanagement of existing pension funds by the Board of Trustees (BOT) and managers of the fundsThe following above are some of the problems and pension crises affecting the public and private sectors in Nigeria. It is. not only the private and public sectors that have pension fund problems but also the Nigeria police force are been affected by their mismanagement of pension fund which affects their retirees. Since the case .study is centered around the Nigerian police force we can now take a look at that.Many critics feel that the management and leadership style of the Nigeria Police Force is ineffective while others strongly believe that the caliber of people at the managerial positions constitutes services drawback to the police force as an organization.A good number of such criticisms were reflected in some of the Nigeria dailies. The Nigeria Voice for instance on page 7 to 15th July 1991 was captioned "the Nigeria Police Force, an abandoned establishment. Several other critics highlighted on the pages of the newspaper are enough to keep the mind of a concerned citizen wondering whether the public force in Nigeria has got an efficient management system.It is on this premise that the researcher moved with concern for the entire population and families of policemen and women in the country, delves into investigating the activities of the pensions fund offices and how they affect retirees of the Nigerian police. Taylor (1917) advocated for the selection and placement of the right workers in the right job. By doing so the conflict between management and labour will be removed.Paul Hawkan defends management as "Good Management is the art of making problems so interesting and their solutions so constructive that everyone to get work and deal with them."Koontz and Donnell (1976) viewed management from the essential functions of management which are planning organizing, staffing, directing and leading, and controlling.Breach (1970) defined management as a "social process entailing responsibilities of the effects are economic planning and regulation of the operations of enterprises in fulfillment of a given purpose or task.Pension is a monthly salary paid to a retired officer who has served for a statutory period. It is payable for a minimum period of five years or till death. It is also payable to officers who have reached a minimum age of 45 years. The maximum rate is 80%of total enrolments after 35 years of service.Retirement is the cessation of services of an officer who has served for more than ten years and is thus due for both pension and gratuity. It requires three months’ notice.Pension fund management, therefore, is that aspect of management that focuses on the plans for the employees accumulated and a substantial amount of money awaiting distribution, in virtually every kind of income-producing resources, including stock, bonds, mortgages, and real estate. As pension funds have increased they have become increasingly.IMPORTANT FACTORS IN THE NATIONAL ECONOMYThe actual management of pension fund assets is often the responsibility of some institutional investor typically, the trust departments of life insurance companies, pension's plan that provided their own administration and invest the fund through a trust are often thought of as self-administered or trust invested pension plans. Plans that use the service of life insurance companies are often referred to as insured pension plans. Retirement plans often have some of the characteristics of both. The Nigeria police pension plans are self-administered under the auspices of the police pension's office. \1.2     STATEMENT OF PROBLEMSPension fund management 1S imperative to achieving organizational objectives. Human resources are fundamental in every productive set-up, whether for services or for goods. The need for the welfare of the employees, pre, and post-retirement can therefore not be over-emphasized.Management at any level is expected to pursue such objectives that will achieve the overall goal of the organization. A critical look at the management of the police pensions will unveil the following problems:·     Under developed working systems·     Slow and bureaucratic process·       High level of labour turnover·       Weakness in the system of administration of pension.·       Low investment opportunities·       Loopholes causing high default in rates being Applied·       Problems of the centralized pension office·       Lack of available funds·       Inflation and fall in value of Naira·       Low level of training offered to administration staff.·       Poor Remuneration·       Bribery and corruption in the police·       Poor publication image of the Nigeria Police.1.3    OBJECTIVES OF STUDYThe main purpose of this study 1S to examine the effect of pension fund management and retirees in Nigeria (A case study of Nigeria Police Force, Ikeja).Specific objectives include:i.        To examine the various applicable ratesii.      To ascertain the problem of weakness in the administration systemiii.     To review the bureaucratic process m the administrative system.iv.    To suggest measures for combating the problem of unnecessary delay.v.         To improve on the techniques for achieving desired goalsvi.    To emphasis and postulate on a reasonable wage level for the personnel.1.4         RESEARCH QUESTIONSi.            What are the factors that are responsible for the high rate of labour turnover in the Nigeria police?ii.          What are the determinants of eligibility to the approved pension's benefits in the police?iii.        How effective are government policies on funding of pensions for retirees?iv.        What is the general level of training offered administrative staff of the police?v.          How appropriates are the present installed working condition system to the need of the police force as a whole?vi.           Does the centralization of the pension's office guarantee effective internal control to the entire system? How effective are the procedures for retirements in Nigeria police?vii.         Does the salary level in the police determine the pension benefits?viii.       How does inflation affect the welfare of retirees in the police?ix.           What impact has the motivation on the human resources of the Nigeria police force?x.              What is the general output level of the Nigeria police personnel?xi.           How profitable is communication to the overall performance of the administrative staff of the police?xii.         What constitutes the reason for corruption and bribery in Nigeria police force?1.5     STATEMENTOF HYPOTHESES1.      Ho:   The pension fund department of the Nigeria Police Forceis not effective in discharging its duties concerning the retirement benefits of its staff.H1:   The pension fund department of the Nigeria police force is    very effective in discharging its duties concerning pension benefits of its staff  2.      HO: The general level of training offered to the policepension's staff is   low.HI:    The general level of training offered to the policepension's staff is high.1.6     SIGNIFICANCE OF THE STUDYThe dissertation will delve into practical area to modern administration and will seek to relate them to the Nigeria police administrative system. The study will therefore be useful to all levels of management particularly those of the Nigeria Police Force.Scholars will be spurred to carry out more research and investigations into the subject matter. The work will also provide information to the many present and prospective retires who seem to be in the dark as regards their benefits and other proceedings of retirements. The study no doubt is significant in many respects1.                  The study will make recommendations which will increase output of the administrative staff of the polices2.                  The study will supply solutions to issues training and manpower development3.                  The study will offer corrective check to the inherent tradition of delay in the police administrative system.4.           The study will supply solution to the problem of communication within the administrative structure of the police.5.          The study will suggest adequate support of the top level    management in the welfares policies.6.          The study will provide for better monitoring of the activities of the pension office.7.        The study will address problem of how remuneration and suggest     ways of improving on the salaries in the police.8.    The study will provide improved techniques for administeringpensions fund in the Nigeria police.1.7     SCOPE AND LIMITATION OF STUDYThis study covers the existing administrative system of the centralized police pension offices and their various attempts to satisfy the increasing needs of retirees all over the federation.The interviews is limited to the police pension office, lkeja and the force headquarters Annex formation the period of carrying out this research work other constraints are finance, lack of, text on the subjects matter and failure by respondents.However, most of the information was obtained from the police pension office.1.8     BRIEF HISTORICAL BACKGROUND OF THE POLICE PENSIONNigeria's first ever legislative instrument on pension matters was 'the pension ordinance of 1951, which had retrospective effect from January 1, 1946 (that was in the colonial era). This was later known as pension ACT CAP. 147 and contained in chapter 17 of 1958 edition of the law of Nigeria.There was enacted for the Nigeria police force a pension law known as "police pension decree No 60 of 1966 which came unto force with effect from 1st September 1966 as an improvement to the popular CAP. 147 there and then pension Act No. 102 of 1979 was promulgated and it came into force as a result of the Udoji salary review as at 1st April 1974, and it replaced all pensions laws that are existing since 1st January, 1946. Its application is on the civil and paramilitary services while Act No. 103 of 1979 catered for Armed Forces Pension.Taken after the Armed forces experiences, the police and other Government Agencies Pension Schemes were established under Pension Act No. 75 of 1987.1.8:1          HISTORICAL BACKGROUND OF THE NIGERIA POLICE FORCEThe history of the Nigeria police force dates back to April, 1861 when the British counsel in-charge of the colony of Lagos obtained permission from his bosses in London to set up a consular guard of men. In 1863, the consular guard be became known as the Hausa. Guard and alter by an ordinance creating a constabulary for the colony of Lagos in 1879. The name of the organization was changed to the Hausa constabulary. The head of the constabulary was called inspector General of police.The group called Hausa constabulary because the police recruited were mainly military in character, although the men performed some civil duties.In 1986, another group the Lagos police was created and armed like the Hausa constabulary, it was headed by a commissioner of police who was also in change of the prisons and fine brigade.All this development affected Lagos and the Yoruba hinter land.Areas known as Edo, Delta, Rivers, Gross-Rivers, Akwa-ibom states were declared the oil Rivers protectorate in 10891 with headquarters in Calabar, were an armed constabulary was formed.In 1890, the Royal Niger constabulary was broken into groups, the Northern Nigeria Police Force and the Northern Nigeria regiment. In the south, the Lagos police and part of Niger coast constabulary became the southern Nigeria police force in 1906 while a greater part of the Niger coast constabulary formed the southern Nigeria Regiment.The Northern Nigeria police force and the southern Nigeria police force operated separately until April 1930 when they merged to form the present Nigeria police following the amalgamation of the Northern and Southern in Nigeria in 1914.




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