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AN APPRAISAL OF THE CONVERGENCE OF PENSION FUND ADMINISTRATION IN NIGERIA WITH INTERNATIONAL STANDARDS

CHAPTER ONE INTRODUCTION 1.1 BACKGROUND TO THE STUDY Pension generally is a way of catering for the welfare of retirees. It is a periodic income or annuity payment made at or after retirement to employees who have become eligible for benefits through age, earnings, and service. According to Alo (2004), many countries of the world are currently grappling with pension reforms in the face of pressures from aging populations. A ...

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