Pension has been defined as a benefit, usually money, paid regularly to retired employees or their survivors by private businesses and federal, state and local governments. The concern of the researcher are: to find out how outright corruption and embezzlement affect pension scheme. To find out how poor supervision of pension fund administration affect pension scheme. To find out how poor record management and documentation by the pension board affect the pension scheme. To find out how default by pension fund administrators affect the scheme. The factors that constrained the study were mainly time and money constraint. While sourcing for data, the researcher made use of both primary and secondary sources of data collection. The researcher utilized questionnaires and oral interviews. Questionnaires were structured and administered to the respondents. Consequently, they answered the question with ease, this served as the primary source of data. Moreso, related literatures served as a source of secondary data. The population of the study was one hundred (100) while the sample size was eighty (80). Tables, frequencies and percentages were used to analyze the data. Data analysis and interpretation gave the following findings: that corruption and embezzlement affected the Nigerian pension schemes before the restructuring; that poor supervision of pension fund administrators affected the pension schemes; that poor record management and documentation by pension board officials affected the scheme to a high extent and that default by pension fund administrators affected the scheme. According to the findings, the following recommendations were made: Serious checks should be put in to eliminate corruption and embezzlement in the pension system. Thorough supervision of pension fund administration. Data base planning and maintenance 

Thorough checking of the laxity and inefficiency of pension fund administrators. Finally it was concluded that the contributory pension scheme should be adopted being the pension scheme that both the employer and employee contributes to.

Title page

Certification

Dedication

Acknowledgment

Abstract

Table of content       

CHAPTER ONE

INTRODUCTION

1.1  Background of the study

1.2  Statement of problems

1.3  Objectives of the study

1.4  Research questions

1.5  Statement of hypothesis      

1.6  Significance of the study     

1.7  Scope and limitation of the study      

1.8  Definition of terms     

     References      

CHAPTER TWO 

LITERATURE REVIEW 

2.1   Pension policy implementation in Nigeria      

2.2   Historical perspective of pension policy in Nigeria 

2.3   Pension policy implementation problems      

2.4   The imperative of a contributory pension scheme 

2.5   Summary of literature review      

2.5.1The contributory pension scheme      

2.5.2Purpose of the new scheme      

2.6   Vital information on the new scheme      

        References      

CHAPTER THREE

3.0   Research methodology      

3.1   Research design      

3.2   Area of study      

3.3   Sources of data      

3.3.1Primary sources      

3.3.2Secondary sources      

3.4   Population of the study      

3.5   Determination of sample size      

3.6   Instrument for data collection      

3.7   Validity and reliability of the instrument      

3.8   Method of data collection      

3.9   Method of data analysis      

       References      

CHAPTER FOUR

DATA PRESENTATION AND ANALYSIS 

4.1  Presentation and analysis of data      

4.2  Data presentation and analysis research question 1   

CHAPTER FIVE 

SUMMARY OF FINDINGS, CONCLUSION AND RECOMMENDATIONS 

5.1 Summary of findings      

5.2 Conclusions      

5.3 Recommendations      

      Bibliography      

     Appendix      

     Questionnaire