WORKERS’ PERCEPTION OF RETIREMENT AND ITS IMPLICATION ON PRODUCTIVITY (A STUDY OF FEDERAL POLYTECHNIC, OKO)

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ABSTRACT

This research work was made to discover how workers perceive retirement and its implication for productivity using Federal Polytechnic, Oko as a case study. The case study is an institution of higher learning. It was established in 1992 through the collective effort of the community. It is located in Orumba North Local Government Area in Anambra State. The institution comprises of academic, non-academic and junior staff. This research work is intended to see whether it has anything to do with the way workers discharge their duties, if it is affecting them negatively to suggest possible ways that will help in correction of mistakes. Moreover, the study used one thousand, four hundred and three (1, 403) workers of which five hundred and twenty-one (521) was sampled out using a simple random sampling technique. Furthermore, questionnaire was used in obtaining the information for analysis. Finally, the result of the research showed that workers have started perceiving the retirement policy more positively especially the staff in Federal Polytechnic, Oko. Also, provisions were made to provide pre-retirement programmes to the staff. In order to equip them and make them to adopt to the dynamic world when they eventually leaves the work force. They were also encouraged to invest in a lucrative business while still in active service.


TABLE OF CONTENTS

Title Page
Abstract
Table of Contents
List of Tables

CHAPTER ONE
1.0   INTRODUCTION
1.1   Background of the Study
1.2   Statement of the Problem
1.3   Objectives of the Study
1.4   Research Questions
1.5   Theoretical Framework
1.5   Significance of the Study
1.6   Scope of the Study
1.7   Limitation of the Study
1.7   Definition of Terms

CHAPTER TWO
2.0   REVIEW OF RELATED LITERATURE
2.1   Workers Perception of Retirement and Their Productivity
2.2   Workers Pre-retirement and Post-retirement Policy
2.3   Workers View about Retirement and Its Policy
2.4   Summary of Literature Review
CHAPTER THREE
3.0   RESEARCH DESIGN AND METHODOLOGY
3.1   Design of the Study
3.2   Area of the Study
3.3   Population of the Study
3.4   Sample of the Study
3.5   Instrument for Data Collection
3.6   Reliability and Validity of the Instrument
3.7   Distribution and Retrieval of Instrument
3.8   Method of Data Analysis
CHAPTER FOUR
4.0   PRESENTATION
CHAPTER FIVE
5.0   SUMMARY, CONCLUSIONS AND RECOMMENDATIONS
5.1   Summary
5.2   Conclusion
5.3   Recommendations
REFERENCES
APPENDIX


CHAPTER ONE
INTRODUCTION
1.0      Background of the Study
Federal Polytechnic Oko is an institution of higher learning situated within Oko town in Orumba North Local Government Area in Anambra State. The institution was the brain child of Oko Progressive Union (OPU) that was headed by its chairman, former Executive Vice President of Federal Republic of Nigeria, Dr. Alex Ekwueme, Ide of Aguata in 1979. The institution was approved by the then Anambra State Government and designated as College of Arts and Science designed to prepare candidates for General Certificate of Education (GCE) Examination both at ordinary and advanced levels. The school went on like this for some time, but on June 28, 1980, the institution was upgraded to the status of College of Arts, Science and Technology. The college was formalized as the Anambra State Polytechnic, Oko through edict No 12 of 1985.
        In 1992, the Federal Government of Nigeria under the leadership of Chief Ernest Shonekon, head of the transition government and the Anambra State Governor, Dr. Chukwuemeka Ezeife (Okwudike) and the Minister of Education, Prof. Ben Nwabueze, changed the school into a federal school called, Federal Polytechnic, Oko, Anambra State.
        Workers perception of retirement and its implications on productivity (A Study of Federal Polytechnic, Oko) was seen as an important issue which research must be carried out on because of the way various workers are viewing it (retirement).
        In section (4) (1) of the pension decree, the statutory age of retirement for public service is 60 years. Judicial officers and academic staff of universities retires at the age of 70 and 65 years respectively. However, the civil service re-organization decree No. 43 of 1998 added the modification that officers should now retire from service on attaining the age of 60 or 35 years whichever comes first. The qualifying service of 10 years is for pension. It is also aimed at discovering how retirement affects the level of production in the institution to know if the perception has anything to do with the way in which workers put in their best or work..... 


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