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Determinants of Accumulated Pension Funds under Defined Contribution in Nigeria

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dc.contributor.author J. S, Adeyele
dc.contributor.author S. L., Jim-Suleiman
dc.date.accessioned 2022-03-06T07:06:15Z
dc.date.available 2022-03-06T07:06:15Z
dc.date.issued 2021-06-30
dc.identifier.uri http://dspace.daffodilvarsity.edu.bd:8080/handle/123456789/7445
dc.description.abstract Prompt pension payment at retirement to retirees is critical to survival of defined contribution (DC) pension in Nigeria. If all the expected contributions are not remitted before attaining retirement age, there will be delays for pension payments as unremitted funds are being awaited. This study is designed to investigate the extent of employers' contributions, role of Pension Funds Administrators (PFAs), regulator's roles, and funding gaps effect on accumulated pension funds. The population for the study comprised of all the federal universities in Nigeria. North Central part of the country was chosen among the six geopolitical zones in which three federal universities were selected. Purposive sampling technique was adopted to select 450 respondents based on their wiliness to participate in the research to ascertain their experiences in defined contribution pension system in Nigeria. Ordinary Least Square statistics was used to analyze collected data. Findings revealed that the employer's contributions, the regulatory role, and funding gap have positive and significant effect on accumulated pension funds while the role of PFAs has negative effect on accumulated pension. The study concluded that effective regulation of pension system will positively impact on adequacy of accumulated pension funds as the amounts representing funding gaps are expected to be remitted to employees' retirement saving accounts before retirement age is attained. en_US
dc.language.iso en_US en_US
dc.publisher Daffodil International University en_US
dc.subject Defined contribution en_US
dc.subject Retirement saving accounts en_US
dc.subject Accumulated funds en_US
dc.title Determinants of Accumulated Pension Funds under Defined Contribution in Nigeria en_US
dc.type Article en_US

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