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Effect of Contributory Pension Scheme Administration on Performance of Imo State Public Civil Service

Effect of Contributory Pension Scheme Administration on Performance of Imo State Public Civil Service

Authored by
Okoroafor, Onyinyechi Gloria1, Prof. Okonkwo, Prince Adonai2 & Mbah, Paulinus Chigozie PhD3
123Department of Business Administration, Enugu State University of Science and Technology

Abstract

The study evaluated the effect contributory pension scheme administration on the performance of Imo state public civil service. The specific objectives were to: the effect of sustainable pension system on the employee retention; and the effect of empowering the worker to gain control over his retirement savings Account (R.S.A.) on the employee Punctuality of Imo state public civil service. The area of the study was effect of contributory Pension scheme administration on performance of Imo state public civil service. The study used the descriptive survey design approach. The primary source of data was the administration of questionnaire. A total population of 1883 staff was used. The adequate sample size of 319, using Freund and William’s statistic formula at 5 percent margin of error was used. 245 staff returned the questionnaire and accurately filled. Data was presented and analyzed using Likert Scale and the hypotheses using Pearson correlation coefficient (r). The findings indicated Sustainable pension system had significant positive effect on the employee retention, Z (96, n = 245) = 5.478 < 6.692, p < 0.05. Empowering the worker to gain control over his retirement savings Account (R.S.A.) had significant positive effect on the employee Punctuality of Imo state public civil service Z (96, n = 245) = 5.478 < 7.778, p < 0.05. The study on effect of contributory pension scheme administration on performance of civil service concluded that sustainable pension system and empowering the worker to gain control over his retirement savings had significant positive effect on employee retention and employee punctuality. The study recommended amongst others that Civil service commission should employ qualified human resource personnel that will oversee the affairs of employee compensation as this will remove the bottleneck surrounding the non-implementation of employees’ compensation.
Keywords: Contributory Pension Scheme Administration; Imo State Public Civil Service; Performance; Employee Retention

 

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