Pension Fund Motivation and Pension Sustainability in Nigeria: A case of the University of Benin Teaching Hospital Benin City, Edo State, Nigeria.

Benjamin Evbuomwan Oseghale (Ph.D); Judith Oghogho Amadasun (Ph.D)

doi:10.5281/zenodo.14719792

Pension Fund Motivation and Pension Sustainability in Nigeria: A case of the University of Benin Teaching Hospital Benin City, Edo State, Nigeria.

Authors

Benjamin Evbuomwan Oseghale (Ph.D) Department of Business Administration, College of Social and Management Sciences Achievers University Owo, Ondo State, Nigeria. https://orcid.org/0009-0000-8721-1457
Judith Oghogho Amadasun (Ph.D) Department of Human Resource Management, Faculty of Management Sciences, University of Benin, Benin City, Edo State, Nigeria. https://orcid.org/0009-0000-8721-1457

DOI:

https://doi.org/10.5281/zenodo.14719792

Abstract

This study empirically examined the pension fund motivation and pension sustainability using both
active and retired staff of the University of Teaching Hospital in Benin City, Edo State, Nigeria. The
study adopted a cross-sectional design. The researched population was the entire active staff and retired
employees from 2010 to 2022 both University of Benin Teaching Hospital who are beneficiaries of the
contributory pension scheme in Benin City, Edo State, Nigeria irrespective of their cadre. The sample
size of 400 was used for the study. Questionnaires were administered as the research instrument for data
collection. Data analysis was carried out using descriptive statistics which include frequency and mean
while linear regression analysis was engaged to examine the hypothesis of the study at 5% significance
level as well as the Statistical Package for the Social Sciences (SPSS) version 23 software. The study
established that pension sustainability is significant and positively related to pension fund motivation.
The study recommends bearing in mind the strategic significance of pension to employees and
pensioners. Contributory pension reforms should be continuous, regular and adjusted to meet the
evolving needs of retirees. This will help with the persistent motivation of existing employees.

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2025-01-22

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Benjamin Evbuomwan Oseghale (Ph.D), & Judith Oghogho Amadasun (Ph.D). (2025). Pension Fund Motivation and Pension Sustainability in Nigeria: A case of the University of Benin Teaching Hospital Benin City, Edo State, Nigeria. GVU Journal of Management and Social Sciences, 9(2), 158–165. https://doi.org/10.5281/zenodo.14719792

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Pension Fund Motivation and Pension Sustainability in Nigeria: A case of the University of Benin Teaching Hospital Benin City, Edo State, Nigeria.

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