CNPS BUEA AND ITS MANAGEMENT OF PENSIONERS WITHIN ITS JURISDICTION: THE CASE OF CIVIL PENSIONERS IN THE BUEA MUNICIPALITY
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This research work is designed to develop effective strategy for CNPS Buea to manage it’s pensioners within it’s respective jurisdiction, using the pensioners in Buea as
a study. The research work reveals how some retirees are forced to continue to work throughout their life, not out of choice but for lack of means of sustenance at old age. The sources of data collection for this work are primary and secondary sources, the researcher in this process of data collection for the research regarded the questionnaire to serve as the most important instrument used in the research, and the data gathered from questionnaire are analyzed by simple percentage, the chi-square techniques was employed to test the hypothesis and interpret the information for better understanding. The findings reveal that, a non-effective and efficient strategy of pension management can be likened to poor pension administration and budgeted income to pensioners is not implemented as at when due. The implication were that, the Government should set up a committee of investigation board to audit the performance of pension staffs and other pension bodies and responsibility should be assigned to the right people who must have access to the right information concerning retires and also retirees should not solely depend on pension after retirement, alternate plans should be made from day one of the start of one’s working years.
Keywords : Pension management, retirement scheme, Contributory pension, civil servants, pension management.