DESIGN AND IMPLEMENTATION OF WORKERS’ PENSION VERIFICATION SYSTEM IN CENTRAL REGION OF NIGERIA
2019
It is mandatory by law for all employers in Nigeria to engage in occupational scheme pension. However, the principles of pension documentation and services are
static despite the dynamics of reforms. Most of these problems are caused by the manual approach used by the pension fund administrator. The aim of the pension
system is to expedite consumption equalization by making mandatory provision for the future after service. This study analyses the problems faced by many retirees in the
Central Region of Nigeria, Kogi State in recent times. The study seeks to develop a secure system for pensioners to assess information on payment of their pension with
ease through a computerized pension verification system by adapting the Waterfall model, using tools like the Hypertext Preprocessor Program (PHP) for the programming language which is used in carrying out the web-based pension fund
management scheme for effective, efficient, reliable and easy accessibility, and also the use of MYSOL for the database. Based on the findings, it is recommended that the
staff pension system developed in this research should be adopted by all states.
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