ABSTRACT
This study seeks to
assess the Impact of Electronic Contributory Pension Scheme on employees retirement
benefits. It further to deliberate the positive and negative impacts of electronic
contribution pension scheme on the retirement benefits of pensioners in Nigeria
both in the public and private sectors and the variation in the application of
the scheme that still exist. The study recommended an effective
monitoring/supervision and enforcement of the provision of the Pension Reform
Act 2004. In addition to effective implementation of the penalties provided by
the Act on non-compliers regardless of their status or origin. Conclusively,
the study calls on the appropriate authorities such as Government, National
Pension Board, Professional Accountancy Bodies on academic to commission
research and activities geared towards developing not only accounting policies
that would ensure swift compliance of Statement of Accounting Standard (SAS 8)
but strategies that would ensure optimum measure that will enhance the development
and improvement of Nigeria economy through the scheme.
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