Impact of Pension and Gratuity on the Life of Retirees

ACKNOWLEDGEMENT

I extend my sincere gratitude to all those who contributed to the completion of this project. Special thanks to my Supervisor (Name of your Supervisor), the Head of Department (Name of your HOD), the Lecturers in the department of Insurance, Book Authors and Profound Scholars of existing or related project material on “Impact of Pension and Gratuity on the Life of Retirees” for their invaluable guidance, support, and expertise throughout the journey.

I am also grateful to your study area (mention any funding organizations, if applicable) for their financial assistance. This research would not have been possible without the encouragement and assistance of some stakeholders (mention any mentors, teachers, or colleagues). Additionally, I would like to acknowledge the understanding and patience of my family and friends during this endeavor. Your unwavering support has been a constant source of motivation. Thank you all for being part of this meaningful endeavor.

TABLE OF CONTENTS

PRELIMINARY PAGES

Title page
Approval page
Dedication
Acknowledgement
Table of Contents
Abstract

CHAPTER ONE:

Introduction
1.1 Background to the Study 1
1.2 Statement of the Problem 8
1.3 Objectives of the Study 9
1.4 Research Question 9
1.5 Research Hypothesis 10
1.6 Significance of Study 11
1.7 Scope and Limitation of Study 11
1.8 Definition of Operational terms 13

CHAPTER TWO:

Review of Related Literature
2.1 An Overview 19
History of Enugu State Pension Board 19
2.2 Historical Development of Pension Scheme 28
2.3 History of Insurance in Nigeria 34
Various Impact of Life Assurance Product 37
2.4 The Impact of Pension and Gratuity on the Life of a Retiree 39
2.5 legal Frame work of pension in Nigeria 41
2.6 The Impact of Insurance of Economic country 45
2.7 problems facing pension implementation of pension and gratuity on the life of a retiree. 45
REFERENCES 50

CHAPTER THREE:

Methodology And Design
3.1 Sources of Data 52
3.1.1 Primary Data 52
3.1.2 Secondary Data 52
3.2 Location of the Study 53
3.3 Population of the Study 53
3.4 Sample Size 54
3.5 Instrument used 55
3.6 Validity and Reliability of the instrument 56

CHAPTER FOUR:

Data Presentation and Analysis 57
4.1 Data Presentation 57
4.2 Testing of Hypothesis 65

CHAPTER FIVE:

Summary of findings, Conclusions and Recommendations
5.1 Summary of Findings 70
5.2 Conclusions 71
5.3 Recommendations 74
BIBLIOGRAPHY 77
APPENDIX 79
Questionnaire 80

Defense Procedure for Insurance Researchers

Be Intentional About Your Research Preparation in Context – As a student of Insurance defending a project or seminar on Impact of Pension and Gratuity on the Life of Retirees, you are expected to be thoroughly acquainted with your research. The defense process follows a structured format where you present your work, respond to questions, and demonstrate its relevance. Here’s a general guide to the defense procedure:

Introduction: Begin with a concise introduction of your research topic, highlighting its significance and the research objectives. This helps set the context for the audience and the External Examiner, allowing them to grasp the scope of your work. Before you step up to defend, ensure that you are familiar with your research abstract and the key components of Chapter One, including the motivation behind your study, the problem statement, the aims and objectives, as well as the scope and significance. For Chapter Two, it is advisable to reference at least two citations from the literature review. In Chapter Three, be prepared to discuss the methodologies, tools, and techniques you employed in your research. Moving to Chapter Four, you must justify your work and explain how your findings align with the objectives of your research.

Conclusion and Recommendations: Wrap up your defense by summarizing the study and offering well-grounded recommendations based on your findings.

Dress Code: Professional attire is an essential component of your final-year research defense. Wearing a suit and tie, for example, can create a positive impression and boost your overall presentation without you having to say a word.

Question and Answer Session: The External Examiner will ask questions based on your research. If you encounter a difficult or unrelated question, respond respectfully with, "Sorry, Sir/Madam, the question asked is beyond the scope of my study". Whenever possible, answer questions by referring directly to your research findings.

Impact of Pension and Gratuity on the Life of Retirees

DEDICATION

ACKNOWLEDGEMENT

TABLE OF CONTENTS

ABSTRACT