DESIGN AND IMPLEMENTATION OF A COMPUTERIZED PENSION AND GRATUITY SYSTEM

ABSTRACT
Computerized Pension and Gratuity System is used for collection and processing of pension and Gratuity data and information. Pension is a fixed amount of money paid regularly to somebody during retirement by the government, a former employer, or an insurance company. Retirement Plans, a variety of government, employer, and individual financial programs that help provide a livable income when a person stops working. The three principal sources of retirement income in the United States are the government-sponsored Social Security system, private employer-sponsored retirement plans, and individual savings plans. These three sources of retirement income have often been called the "tripod of economic security." Most experts agree that people need to receive income from all three sources to remain financially secure during retirement. The two major types of qualified retirement plans are the defined benefit plan and the defined contribution plan. A defined benefit plan is often referred to as a pension. It establishes a fixed formula for determining the precise benefit amount an employee receives upon retirement. Contributions to the plan are made entirely by the employer. There is no fixed formula for how much the employer must contribute to the plan; instead, the employer is obligated to contribute as much as necessary to meet the defined benefit amount.

Title page i

Approval page ii

Dedication iii

Acknowledgement iv

Abstract v

1.0 Introduction 1

1.1statement of the problem 2

1.2Purpose of study 3

1.3Aims and objective of the study 3

1.4Scope of study 4

1.5Constraints 4

1.6Assumptions 5

1.7Definition of terms. 5

2.0Literature review 7

3.0Description and analysis of the existing system 10

3.1Method of data collection 11

3.2Objective of the existing system 11

3.3Organizational chart 12

3.4Input/process/output analysis 13

3.5Information flow diagram 15

Design of new system 16

4.1Output specification and design 16

4.2Input specification and design 17

4.3File design 17

4.4Procedure chat 19

4.5System flowchart 20

5.0 Implementation 22

5.1Program design 22

5.2Program flowcharts 24

5.3Pseudo code 25

6.0Documentation 27

Summary, recommendation and conclusion 29

5.1Summary 29

5.2Recommendation 29

5.3Conclusion 30