Femi Aborisade Senior Principal Lecturer Department of Business Administration & Management Studies The Polytechnic, Ibadan & Centre for Labour Studies (CLS) Email: aborisadefemi@yahoo.com Introduction Internationally, pension reform has been a common feature of public sector financial reforms since the 1990s. According to the OECD (2007), in Europe , the reforms have led to increased retirement age but a reduction in terminal benefits. Similar reforms have been embarked upon in the developing countries resulting in throwing poorer segments of the society into harsher economic conditions as responsibilities for old age care are transferred from the state to the individuals. Within the context of pension reforms on a global scale, this paper critically examines Nigeria ’s Pension Reform Act 2004. Though the particular interest of this workshop appears limited to provisions relating to gratuity under the Act, it is assumed that participants wo...
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