Impact of implementation practices of the retirement policy 2004 and academic staff attrition in selected Tertiary Institutions in Adamawa State, Nigeria
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Date
2018-12
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Kampala International University, college of Education,open and distance -learning.
Abstract
The aim of the study was to investigate the perceptions of academic staff on the
impacts of the objectives of retirement policy 2004 on academic staff attrition in
tertiary institutions in Adamawa State, Nigeria. The specific objectives of this Study
were to determine the impact of the amount and process of retirement benefit; Lack
of uniform rules and enhancement of individual savings on academic staff attrition in
tertiary institutions, to assess the effect of growth of pension liabilities on academic
staff attrition in tertiary institutions and to determine the relationship between
retirement policy 2004 and academic staff attrition in tertiary institutions in
Adamawa sate, Nigeria.
The study used the descriptive survey design with mixed method (Triangulation)
research approach underpinned by pragmatism philosophy. The population consisted
of all academic staff from three selected tertiary institutions, their pension managers,
and heads of the institutions. Both probability and non-probability sampling methods
of purposive and simple random sampling were used for collecting the relevant data
for this study. The study was guided by a three component model conceptual
framework comprising of retirement policy 2004 factors (objectives) as the
independent variables, academic staff attrition as the dependent variable and
mediating variable comprising of internal and external factors.
The finding indicated that there was a significant relationship between retirement
policy 2004 and academic staff attrition in tertiary institutions in Adamawa sate,
Nigeria. The study concluded that the retirement policy 2004 has failed to yield the
desired results and it is contributing to the massive academic staff attrition and
retirement from the tertiary institutions in the state.
The study recommended for the increase in the amount of retirement benefits through
increase in contribution by increasing academic staff pay package, and the process of
payment should be simplified through removing unnecessary bottle necks and the
establishment of PENCOM offices in all the 36 states; the federal government should
establish a unified rules, regulations and standards across board and ensure that
PENCON is solely responsible for the administration of the retirement policy; federal
government to as a matter of urgency ensures the increase and implementation of the
takeāhome salary package which will enable the academic staff to save more for their
retirement. Finally, the study recommended for a three component model of public,
private and trade union partnership for effective and efficient management of
retirement policy to minimise academic staff attrition.
Description
A Dissertation Submitted to the School of Post Graduate Studies and Research of the Kampala International University In fulfillment of the requirements for the award of Degree of Doctorate in Educational Management and Planning
Keywords
Implementation practices, of the Retirement policy 2004, Academic staff attrition, Tertiary Institutions, Adamawa State, Nigeria