pension reform in nigeria,implication for accounting and performance in the civil services?
154341
Here is the actual pension reform act:\n\nhttp://siteresources.worldbank.org/INTPENSIONS/Resources/395443-1122047906143/PenLegNigeria2004.pdf\n\nFor more information,visit:\n\nhttp://www.globalaging.org/pension/world/2005/act.htm\n\nhttp://www.imf.org/external/country/NGA/\n\nhttp://allafrica.com/stories/200602210961.html
1044361
(m)\n\nPublic accountability means the obligations of persons/authorities entrusted with public resources to report on the management of such resources and be answerable for the fiscal, managerial and programme responsibilities that are conferred.\n\nGENERAL GUIDELINES\nThe following general guidelines are recommended for promoting public accountability:\n\nWith the increased pace of national development, the objectives and the norms by which programmes and investments can be evaluated should be explicit and quantified wherever possible by the planning and approving authorities to facilitate a meaningful review and analysis of their results. Development of adequate information, control, evaluation and reporting systems within the public sector will facilitate the ac countability process. \nThe regulatory or central agencies within the administration should increasingly perform supervisory and review functions and establish satisfactory performance standards and criteria for determining actual progress and productivity against predetermined objectives and tar gets. There is a need to develop cost consciousness and to inculcate greater efficiency and efficacy in the utilisation of resources. \nAs the traditional accounts still provide an important and effective means of discharging accountability, appropriate authorities in Govern ment should ensure the promulgation of generally accepted accounting standards for financial reporting and disclosure relevant to the needs of the public sector. As a corollary measure, a strict enforcement of these standards is equally necessary. \nThe existence of systems of appropriate safeguards and mechanisms for implementing prompt corrective measures would certainly assist in better discharge of accountability. The laxity in enforcing reprimands and other punitive measures for failures, abuses or malpractices will only weaken the accountability process. \nWhile the primary function of SAIs in the past has been to express an opinion and lend credibility to the financial statements of the various public sector entities subject to its audit, its role should now be more performance oriented. They should make efforts to equip themselves adequately for their expanded responsibilities and be conscious of their own accountability. \nAs a considerable proportion of expenditure on development and on investments is incurred by public authorities of one kind or another, and moneys raised to meet such demands, all these activities should be subject to audit or review by the SAIs. The acquisition and disposal of public resources and assets, and the achievement of objectives require attention. The SAIs must progressively conduct more value for money audits aimed at evaluating the performance of these entities including the efficiency and effectiveness of their programmes. \nSAIs should, where necessary, secure legal mandate enabling them to do the audit of all public enterprises. A clear and unequivocal legislative mandate outlining the powers and responsibilities of the SAI to under take performance audits in all areas of government activity should also be obtained. \nImproved utilisation of all audit resources could be achieved if SAIs worked more closely with internal audits and were to provide guidance and advice to them in the development of their activities where re quested or as necessary. \nFor audits to achieve maximum results in promoting accountability, audit reports must have relevance, receive wide publicity, be objective, responsive, current and accurate. The need for timely discussions of the reports of SAIs by parliamentary committees and remedial actions taken thereon cannot be overemphasised. The SAIs should also ensure that follow-up actions on such measures are undertaken.
551889
no, a pension is from a source of employment. \n\nyou will get a pension from the company you were employed by, even if you move to another country. \n\nyou may also be entitled to other benefits, check with your local government office.
55010
Of course not. It would still be in fine shape if Congress had not utilized its funds for other purposes. Even then, and assuming a mediocre economy, it would pay a good percentage of the pension amounts for the next 50 years or so.\nI am afraid that the hype about its demise was fostered by an administration that wants to get rid of it and support a plan that will be enormously profitable for brokers and financial advisers, among others. And a plan that will be enormously expensive for us to implement, while at the same time removing the security that people have worked to obtain in their elderly years.
908158
Average is 50% less of that same position in the States, but in Nigeria with that kind of money you can live real good..☺
461308
Zero - its a complete con. If you are under 45, it is extremely unlikely that the state pension will be worth anything when you retire. If you can't afford to make a decent pension provision then don't bother and rely on state benefits instead.
557019
below is the link u can check to ur answer:\nhttp://www.mofa.go.jp/policy/economy/asem/aeyls/1997/w5_f.html\nhttp://www.access.gpo.gov/congress/house/science/cp105-b/prsecrol.html\n\nhttp://www.unescap.org/pdd/publications/apdj_12_2/lal.pdf\n\nCASE STUDY:\nhttp://siteresources.worldbank.org/INTALBANIA/Resources/Private_Sector_Development_for_Economic_Growth.pdf
993387
well, it depends on where there is.  you can check w/ the embassy of that country.   \n I totally agree w/ you on this. I someday will do the same and head to N. Africa.\ngood luck and congrats on your retirement !!
937599
I believe the latest statistical method is to take the median UK wage of 330 UKP per week (just over 17,100 UKP per annum), and if your weekly income is around 60 percent of that figure (maybe a little above), then you are classed as living in Poverty. But if your weekly income is only 40 percent of the median amount of 330 UKP/wk, you are classed as living in Deep Poverty.   It can therefore be seen that  UK Senior Citizens, if not in posession of a company pension, are all living at or around the Deep Poverty level  - hence the X million of your question.   What an indictment of the 4th richest country in the World that it can not pay a decent pension to its older citizens; (have a look at the current  retirement pensions paid in places  like Sweden and Germany to understand that comment).  Still, our MPs continue to vote themselves huge pay rises and magificent pension increases - so that's all right then....
221078
http://www.aicpa.org/pubs/jofa/jul1999/financial_accounting.htm
735416
There are a lot of female staff in the public sector. Not only can they retire at sixty, they get their pensions at sixty, and obviously don't have to pay contributions until they are sixty five like the men. That applies both to the employers pension and the state pension. They then have the audacity to live about seven years longer than men. Many men and women have been allowed to retire before sixty (particularly in education) and collect their employers pension. They would then collect their state pension as set out above. \n\nI have described above the additional benefits, particularly for women, but the reason they will not have to retire at sixty eight is because the government caved in to the public sector unions. Too many votes at stake.
188191
the problem lies in the system. a system with check-and-balance is really needed in most African countries as corruption pose a real threat to the development of African countries. The other reasons are complex, such as ethnic conflicts, civil wars and corruption.
762720
http://www.hmrc.gov.uk/nic/ynino.htm\n\nTry the above, this should help you.
1075500
Yes.  I retired from a job and live on a pension.  It is not uncommon for a retired person to work in the same field at a different company and get compensated, or to go to school to get more education, but generally retired means not working.
1141690
You better start thinking of getting together your accrued pension benefits and transfer it to your new job.\n\nElse, you can hire some goons who have a skill for tying fingers together.
403543
Social security was NEVER meant to be a pension used for retirement. It was initially pushed on to the public by FDR as a SUPPLEMENT to retirement savings of individuals. Probably the biggest hoax ever in the history of the federal government, people have been brainwashed into believing SS will take care of them in their old age. It will NOT. Rather, it is in the process of bankrupting us as a nation.\n\nTo support this, I would ask you to refer to ANY private OR state retirement system, all of which leave SS in the dust in terms of benefits.\n\nI am familiar with the retirement plans for state employees in Massachusetts and Maine. BOTH far exceed the benefit of SS and for years required less from a weekly paycheck. Check it out and see if your state does not have a better plan than SS. I'll bet it does! ANYTHING done by the federal government costs MORE than if the same program were to be done at the state or local level. However, we continue to look to the feds and panic whenever someone mentions an alternative to SS. Look what happened to Barry Goldwater in 1964 when he propsed alternatives to SS. He was buried in the election.
319731
How about Retired Persons or Mature Persons.\n\nDifferent counties write millages in different ways. The county you are looking into might have a website that will explain its process.\n\nGood luck