The perception of the contributory pension scheme administration by the staff of University of Benin

Abstract

This paper x-ray the perception of the staff of University of Benin on the contributory pension scheme administration. The research instruments used in the data collection were structured questionnaire and face to face interview. A sample size of 250 made up of both the academic and non-academic staff were selected from the total populations of about 5,000 staff. The research findings indicated non-significant relationship between the variable on the hypothesis. They faulted the scheme for lack of transparency and accountability and the life time pension payment as in defined benefit scheme. Based on the finding, appropriate recommendations were made to make the scheme attractive.