A Compared Analysis of the Structure and Nature of Contributory Pension Scheme between Nigeria and India
A Compared Analysis of the Structure and Nature of Contributory Pension Scheme between Nigeria and India
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Date
2017
Authors
MODIBBO, Nasiru,
SAMBO, Suleiman
AZAREMA, Abdu
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Abstract
Problems of high expenditure burden,
disparities of scheme and demographic changes
forced countries like India and Nigeria to reform
and adopt contributory pension schemes as a
major. A compared analysis of the scheme through
a content analysis revealed similarities with
regards to privatisation, government regulatory
role, skewedness of the scheme in favour of
government and dissimilar in the areas
decentralisation level, and flexibility. Therefore the
study concluded by acknowledging the inevitability
of pension reform in both countries and thus
suggested that india should reconsider its structure
of pension administration for the benefit of
economy of scale and Nigeria should adopt a
flexible pension policy with regards to withdrawals
by adopting the Indian measure or even make it
better.
Description
Imperial Journal of Interdisciplinary Research (IJIR)
Vol-3, Issue-2, 2017
Keywords
Compared Analysis,, Structure and Nature,, Contributory Pension Scheme,, Nigeria and India