Maximizing the impact of the new pension scheme in Nigeria: issues, prospects, and challenges.

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dc.contributor.authorAmoo, B. A. G.,
dc.date.accessioned2018-07-11T08:09:41Z
dc.date.available2018-07-11T08:09:41Z
dc.date.issued2008-06
dc.description.abstractThe paper serializes the Nigeria Pension Reform Act 2004 and discusses the likely impact on the Nigerian employees. The paper submitted that the reform poses a demographic challenge in moving from the defined benefit to defined contribution. It opined that the new system has winners and losers. The paper identified the challenges for the future access to include: social implications from employees, higher life expectancy and lower fertility, increase population of pensioners and possibility of lower pensions compared to higher cost of living, etc. The paper concludes that the success of the scheme depends on the effective partnership between members, trustees, employers, and professional advisers (PFAs). Post retirement success in the new dispensation rests on the employers in terms of equipping the employees on effective management personal finances.en_US
dc.description.provenanceSubmitted by Nneka Ebonka (nebonka@gmail.com) on 2018-03-26T14:59:16Z No. of bitstreams: 1 Pages from Vol 32 No 2 April-June 2007-3 B.A.G. Amoo.pdf: 357216 bytes, checksum: 314df70510adfa3b4a5fa106bb319904 (MD5)en
dc.description.provenanceApproved for entry into archive by Joseph Longshak (jelongshak@cbn.gov.ng) on 2018-07-10T19:42:42Z (GMT) No. of bitstreams: 1 Pages from Vol 32 No 2 April-June 2007-3 B.A.G. Amoo.pdf: 357216 bytes, checksum: 314df70510adfa3b4a5fa106bb319904 (MD5)en
dc.description.provenanceApproved for entry into archive by Ifeanyichukwu Ohaju (ifohaju@gmail.com) on 2018-07-11T08:09:31Z (GMT) No. of bitstreams: 1 Pages from Vol 32 No 2 April-June 2007-3 B.A.G. Amoo.pdf: 357216 bytes, checksum: 314df70510adfa3b4a5fa106bb319904 (MD5)en
dc.description.provenanceMade available in DSpace on 2018-07-11T08:09:41Z (GMT). No. of bitstreams: 1 Pages from Vol 32 No 2 April-June 2007-3 B.A.G. Amoo.pdf: 357216 bytes, checksum: 314df70510adfa3b4a5fa106bb319904 (MD5) Previous issue date: 2008-06en
dc.description.sponsorshipCentral Bank of Nigeriaen_US
dc.identifier.citationAmoo, B. A. G. (2008). Maximizing the impact of the new pension scheme in Nigeria: issues, prospects, and challenges. Bullion, 32(2), 17–23.en_US
dc.identifier.issn0331-7919
dc.identifier.urihttp://repo.cbn.gov.ng/jspui/handle/123456789/247
dc.language.isoenen_US
dc.publisherResearch Department, Central Bank of Nigeria.en_US
dc.relation.ispartofseriesVolume 32;No.2
dc.subjectPension reform,en_US
dc.subjectDemographic challenge,en_US
dc.subjectNigeriaen_US
dc.titleMaximizing the impact of the new pension scheme in Nigeria: issues, prospects, and challenges.en_US
dc.typeArticleen_US

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