One of the fundamental motivating factor for most public employee that any government must not toy with is the existence of an effective pension system that can adequately reward employees in-service efforts after retirement. Therefore, the Nigerian government in 2004 realised this fact and embarked on a reform of the pension industry to remedy lingering issues therein. 

This thesis thus, investigated the Impact of the 2004 Pension Reform on Retirement Welfare of Public Servants of Selected National Commissions. Based on this, the statement of the research problem is as thus: haven practiced a new pension scheme for over a decade now, what has happen to public workers retirement welfare since adoption. This also form the basis of the research objective as it thus find out the status of retirement welfare of public employees as a way of impact of implementation of the policy since its adoption in the public sector videlicet; how the level of compliance has boosted employees confidence, and how the scheme has accommodated employees through timely registrations thus ensuring prompt payment and guarantee them comfortable life after retirement. The study was therefore based on three hypotheses. Both the primary and secondary data were employed for the research, while it also used statistical tools of chi-square and regression analysis to test the hypotheses and further the study analysis.

 

Hence, the thesis revealed among others that; public organisations are complying with the provisions of the 2004 pension scheme in the course of their implementation, and this have greatly built high level of confidence among public employees as to the capacity of the new pension system to provide them with reward benefits upon retirement from active service, and this they believed will be more secured than the era of pre-2004 pension reform intervention by the government as one of the major findings. 

The research thereafter made the following suggestions as part of its recommendations: if the current level of confidence expressed by the employees on the new pension scheme due largely to the implementation efforts so far must be maintain, further efforts needed to be made by government through the National Pension Commission to put in place adequate mechanism (that is, setting up of a PenCom Desk Officers in MDAs) to track the level of compliance as well as rate of contributions by the employers and employees of various public organisations in order not to allow the scheme to run into financial crises like in the past and/or as witness in other sectors of the economy and for the sake of achieving optimal managerial efficiency.