Abstract
The study significantly assesses post-employment benefit received by pensioners and retirees from the Central Bank of Nigeria and the Nigeria Police Force (NPF) respectively with a cardinal goal of investigating comparatively areas of differences in the light of monthly pension, gratuity, life
insurance and post-employment health benefit. The study embraces the positivism-philosophy being that social realities where examined to arrive at law-like generalization. Quantitative research design was adopted in the study and the survey strategy was further employed. The respondents were fundamentally significantly knowledgeable potentially post-employed workers in the Central Bank of Nigeria and the Nigerian Police Force in Edo and Delta States. The data from the Central Bank was analyzed separately from data from the police force. 55 copies of well-structured questionnaire were received from Central Bank respondents while 49 copies were retrieved from the Nigeria Police Force respondents. The research utilized the Systematic Random Sampling Techniques (SRST). The researcher employed the Cronbach’s Alpha (CRAP) statistical tool in testing for the reliability. Copies of structured close-ended questionnaire were administered to respondents. The result reviewed that retirees from CBN are far better off in the light of post-employment benefit. Pensioners from the CBN receives gratuity on the average between zero to three years after retirement while those from the NPF receives gratuity on the average between seven to nine years after retirement. The study therefore strongly recommends that the NPF be immediately excluded from the contributory pension scheme as their counterparts in the army.
Keywords
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