Pay As You Go (PAYG) Pension Scheme and Employee Performance in Anambra State Local Government System (2012 - 2021)

Abstract

This Study examined the relationship between the Pay
As You Go Pension scheme and employee performance
in Anambra state local government system from 2012 to
2021. The motivation for the study arose from the need
to ascertain how the availability of retirement benefits
inspires employee’s performance and commitment to
the organization while still in service. In line with the
specific objectives of the study, three research questions
and hypotheses were formulated and tested for the
study. The study was anchored on the Deferred Wage
Theory. The methodology adopted was survey design.
Primary and secondary sources of data were used. A
structured questionnaire instrument was administered
to the respondents and the data obtained was presented
using tables and mean scores and analyzed using
Pearson correlation. The major findings from the study,
among others are that the pay as you go pension scheme
has a relationship with employees’ performance in the
Anambra state local government system. On the basis of
the findings from this study, the study recommended,
among others, that government should make adequate
budgetary allocations for prompt payment of pensions
and pension arrears. They should demonstrate strong
support to ensure necessary political and economic
support for the scheme.