Administrative boards and management of contributory pension scheme implementation and welfare of public service retirees in selected states in south west Nigeria

Abstract

This study examined the effectiveness of Administrative Boards (ABs) in the management of Contributory Pension Scheme policy on public service retirees’ welfare in selected states of Southwest Nigeria. Primary data were generated for the study from the population of all Administrative Boards in three selected states – Osun, Ondo, and Ogun – in Southwest Nigeria totaling thirty-six (36), with the aid of a structured questionnaire and an interview schedule, while the analysis was carried out descriptively. The study contributes to the idea that only the careful and effective implementation of the Contributory Pension Scheme will address the pitfalls of non-compliance by organisations referred to as employers of labour, including the failure to remit monthly pension contributions, delays in the submission of retirees’ files, withholding of pension funds by some authorities, and the failure to give the ABs the freedom to operate – issues presently noticed during the course of this study.