CONTRIBUTORY PENSION SCHEME AND GROWTH OF PARTICIPANTS OF NIGERIA IMMIGRATIONS AND PRISON WORKERS IN ENUGU STATE METROPOLIS, NIGERIA

Abstract

The study evaluated the contributory pension scheme and growth of participants of Nigeria Immigration and Prison workers in Enugu state, Metropolis, Nigeria. The specific objectives were to: examine the relationship between accrued rights and financial future of workers and ascertain the relationship between accumulated monthly pension contribution and physical expansion of workers. The descriptive survey design was used. The study adopted simple random sampling technique in selecting the sample unit and the population of the study was three and two (302) comprising of retirees and potential retirees from Enugu metropolis. The whole population was used due to small number. A total of 282 respondents returned the questionnaire accurately filled. Data were presented and analyzed using mean score and standard deviation using Sprint Likert Scale. The hypotheses were analyzed using Z - test. The findings indicated that accrued rights had positive significant relationship with financial future of workers Z(95, n = 282),7.980 < 10.481, P. < .05. Accumulated monthly pension contribution had significant positive relationship with physical expansion of workers Z (95, n = 282), 5.657 < 9.915, P. < .05. The study concluded that accrued rights and accumulated monthly pension contribution had positive significant relationship with financial future of workers and physical expansion of workers. The study recommended among others that the non-implementation of workers’ compensation should be taken serious and competent personnel should be employed to oversee the affairs of employee compensation as this will remove the challenges surrounding prompt payment and effectiveness in the civil service