This study is an assessment of the effect of implementation of contributory pension scheme on retirement benefits of kano state: A case study of kano state pension fund trustees from 2007-2015. The problem investigated revolves around the effect of implementation of CPs on timely payment of retirement benefit the effect of compliance with kano state pension and gratuity law 2006 in the remittance and the investment of the contributed fund on effective payments of retirement benefit among others.

TABLE OF CONTENTS

Title Page…………………………………………………………………………………………i

Declaration …………………………………………………………………………………...ii

Certification …………………………………………………….…………………………….iii

Dedication ……………………………………………………………………………………….iv

Acknowledgements …………………………………………….……………………………..v

Table of Contents ……………………………………………….…………………………….....vii

List of Tables ……………………………………………………………………………….........xi

List of Figures …………………………………………………………………………………..xiii

List of Appendices ………………………………………………………………………….xiv

List of abbreviations …………………………………………………………………………….xv

Abstract ………………………………………………………….……………………………..xvi

CHAPTER ONE

INTRODUCTION

1.1 Background to the Study………………………………….……………………………1

1.2 Statement of the Research Problem……………………..……………………………..6

1.3 Research Questions........................................................... ……………………………...8

1.4 Objectives of the Study………………………………………………………………….8

1.3 Hypotheses……………………………………………………………………………….9

1.4 Significance of the Study……………………………………………………………......9

1.7 Scope and Limitations of the Study …………………………………………………...11

1.8 Definition of Relevant Concepts ……………………………………….……………...13

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1.9 Structural Organisation of the Study …………………….………………………...16.

CHAPTER TWO

LITERATURE REVIEW AND THEORETICAL FRAMEWORK

2.1 Introduction………………………………………………..…………………………...18

2.2 Literature Review………………………………………….…………………….……..18

2.2.1 The Concept of Pension …………………………………………………………………18

2.2.1.1 Pension Schemes ………………………………………………………………………..24

2.2.1.2 Pension Reforms ………………………………………………………………………..29

2.2.2 The Concept of Retirement………………………………………………………….......31

2.2.3 The Concept of Implementation ………………………………………………………..35

2.2.4 The Concept of Compliance ……………………………………………………………38

2.2.5 Review of Related Empirical Studies …………………………………………………..39

2.3 Theoretical Framework ……………………………………………………………….45

CHAPTER THREE

RESEARCH METHODOLOGY

3.1 Introduction …………………………………………………………………………..53

3.2 Research Design…………………………………………….……………………….....53

3.3 Population of the Study …………………………………………………………….…54

3.4 Sample Size ….................................................................................................................55

3.5 Sampling Technique ………………………………………………………………..…56

3.6 Sources of Data ………………………………………………………………………..57

3.6.1 Primary Sources of Data ………………………………………………………………..57

3.6.2 Secondary Source of Data ……………………………………………………………...60

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3.7 Methods of Data Analysis …………………….........…….……………………………60

CHAPTER FOUR

HISTORY, STRUCTURE, FUNCTIONS AND OPERATIONAL PATTERN OF KANO

STATE PENSION FUND TRUSTEES

4.1 Historical Background of Kano State Pension Fund Trustees ……………………...62

4.2 Elements of CPS in Kano State ………………………………..……………………...66

4.2.1 Computation of Benefits under Kano State CPS ………………………………….........67

4.3 Composition of the Trustees ……………………….……………………………….....69

4, 3.1 Functions of the Trustees ………………………………………..………………………70

4.4 Structure of the PFT ………………….……………………………………………......72

4.5 Operational Functions of the PFT …….………………………………………………75

4.6 Achievements of the PFT ………………………………………………………………77

4.7 Challenges of PFT ……………………………………………………………………...78

CHAPTER FIVE

DATA PRESENTATION, ANALYSIS AND INTERPRETATION

5.1 Introduction................................................................................... ………………….....80

5.1.1 Rate of Questionnaires Returns …………………………………………………………80

5.2 Data Presentation on Hypothesis One……….………………………………………...81

5.3 Data Presentation on Hypothesis Two.......................................... …………………...86

5.4 Data Presentation on Hypothesis Three...................................... ……………………89

5.5 Test of Hypotheses ...………………………………………….…………………….….97

5.5.1 Test of Hypothesis One ……………………….………………………………………...97

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5.5.2 Test of Hypothesis Two ………………………..……………………………………….99

5.5.3 Test of Hypothesis Three ……………………..….…………………………………….101

5.6 Discussion of Major Findings ………………..…….……………….………………..102

CHAPTER SIX

SUMMARY, CONCLUSION AND RECOMMENDATIONS

6.1 Introduction............................................. ………………………..................................107

6.2 Summary................................................................................... ……………………….107

6.3 Conclusion................................................................................. ………………………108

6.4 Recommendations...................................................................... ……………………...109

References ......................................................................................................................111