Restructuring The Nigerian Pension Schemes For The Economic Well-being Of Retired Workers

ABSTRACT Pension has been defined as a benefit, usually money, paid regularly to retired employees or their survivors by private businesses and federal, state and local governments. The concern of the researcher are: to find out how outright corruption and embezzlement affect pension scheme. To find out how poor supervision of pension fund administration affect pension scheme. To find out how poor record management and documentation by the pension board affect the pension scheme. To find out how default by pension fund administrators affect the scheme. The factors that constrained the study w…