An assessment of adequacy of pre-retirement savings for sustainable retirement income under the Nigerian 2014 pension scheme

Sogunro Ashim Babatunde; Adeleke Ismaila Adedeji; Ayorinde Richard Olusegun

doi:10.22367/jem.2019.35.08

Journal of Economics and Management (Mar 2019)

An assessment of adequacy of pre-retirement savings for sustainable retirement income under the Nigerian 2014 pension scheme

Sogunro Ashim Babatunde,
Adeleke Ismaila Adedeji,
Ayorinde Richard Olusegun

Affiliations

Sogunro Ashim Babatunde: Department of Actuarial Science and Insurance, Faculty Business Administration, University of Lagos, Akoka, Yaba, Lagos, Nigeria
Adeleke Ismaila Adedeji: Department of Actuarial Science and Insurance, Faculty Business Administration, University of Lagos, Akoka, Yaba, Lagos, Nigeria
Ayorinde Richard Olusegun: Department of Actuarial Science and Insurance, Faculty Business Administration, University of Lagos, Akoka, Yaba, Lagos, Nigeria

DOI: https://doi.org/10.22367/jem.2019.35.08
Journal volume & issue: Vol. 35, no. 1
pp. 150 – 171

Abstract

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Aim/purpose – The main objectives of this article are to estimate percentage of preretirement savings that is needed, based on the current salary scale, to sustain academic and non-academic staff of Federal Universities in Nigeria in retirement using University of Lagos as a case study.

Published in Journal of Economics and Management

ISSN: 1732-1948 (Print); 2719-9975 (Online)
Publisher: Sciendo
Country of publisher: Poland
LCC subjects: Social Sciences: Industries. Land use. Labor: Management. Industrial management; Social Sciences: Economic theory. Demography
Website: https://sciendo.com/journal/JEMUEKAT

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