IIARD International Institute of Academic Research and Development

INTERNATIONAL JOURNAL OF ECONOMICS AND FINANCIAL MANAGEMENT (IJEFM )

E-ISSN 2545-5966
P-ISSN 2695-1932
VOL. 10 NO. 4 2025
DOI: 10.56201/ijefm.v10.no4.2025.pg1.12

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Assessment of the Impact of the Contributory Pension Scheme on Bauchi State Government

Yakubu Adamu PhD & Alhaji Kawugana PhD

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Abstract

The Contributory Pension Scheme (CPS) was introduced in Nigeria as part of efforts to reform the pension system and ensure financial security for retirees. This study assesses the impact of the CPS on the Bauchi State Government, focusing on its implementation, compliance, and the benefits it offers to state employees and retirees. The research explores the effectiveness of the scheme in meeting its objectives of providing financial security for retirees while minimizing the burden on government finances. Primary data were collected through surveys and interviews with government employees, pension administrators, and retirees. The findings reveal that while the CPS has improved the retirement benefits for employees and reduced the financial burden on the government, several challenges remain, including delays in pension remittances, inadequate funding, and low compliance among some public sector agencies. The study recommends enhancing the management of pension funds, improving public awareness of the CPS, and ensuring timely remittances to achieve the full potential of the pension system in Bauchi State. This research provides useful insights for policymakers, pension administrators, and other stakeholders involved in pension reforms in Nigeria.

keywords:

Contributory Pension Scheme, Bauchi State Government, Public Sector Employees,

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