DESIGN AND IMPLEMENTATION OF WORKERS’ PENSION VERIFICATION SYSTEM IN CENTRAL REGION OF NIGERIA

It is mandatory by law for all employers in Nigeria to engage in occupational scheme pension. However, the principles of pension documentation and services are static despite the dynamics of reforms. Most of these problems are caused by the manual approach used by the pension fund administrator. The aim of the pension system is to expedite consumption equalization by making mandatory provision for the future after service. This study analyses the problems faced by many retirees in the Central Region of Nigeria, Kogi State in recent times. The study seeks to develop a secure system for pensioners to assess information on payment of their pension with ease through a computerized pension verification system by adapting the Waterfall model, using tools like the Hypertext Preprocessor Program (PHP) for the programming language which is used in carrying out the web-based pension fund management scheme for effective, efficient, reliable and easy accessibility, and also the use of MYSOL for the database. Based on the findings, it is recommended that the staff pension system developed in this research should be adopted by all states.