CHAPTER ONE
1.0 INTRODUCTION
Pension as a scheme is designed to cater for the welfare of the personable retired worker who had for long gained global recognition and acceptance. Workers generally whether those in the public and private sector are expected to live a comfortable life devoid of any form of dependency after their successful retirement from active service. The working lives of employees move continuously towards a certain direction i.e from employment, to growth, to retirement. While some are fortunate to save enough money to tale then through the retirement period or the “rainy day”, majority leave the service with little or no savings at all. Ideally there, governments and organizations need to identify a way of accommodating and adequately rewarding employee’s past efforts, through organized pension plans, so that they can achieve the goals of their existence (Rabelo, 2002).
1.1 STATEMENT OF PROBLEM
Managing and administering pension funds have continued to pose a major challenge to governments in Nigeria, and most of these challenges have made the existing pension schemes ineffective and inadequate. Pensioners who are mostly aged people pass through a lot of stress before they finally receiver their pensions allowance while some receive allowances are short of its supposed amount due to errors emanating from manual computational process. Despite the enactment of the pension Reform Act, June 2004 by the Federal government, why is the administering of pension funds still a challenge to the Edo state government?.
1.2 AIMS AND OBJECTIVES
The study is aimed at proving a software based solution to the management lapses identified with the present productivity measurement system. Other objectives include:-
1.3 PURPOSE OF THE STUDY
The purpose of the study is to carry out a verifiable research on the need for, and importance of an information system for measuring labour productivity in Edo State government with a view to recommend the most efficient, effective and reliable system or tool to achieve the above objectives.