Assessment on Employees’ Attitude Towards the Implementation of Private Pension Scheme:the Case of Save the Children International
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Date
2016-05
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Addis Ababa University
Abstract
The primary objective of this study is to assess the attitudes of employees, at Save the Children, on
the implementation of the recently introduced private pension scheme. In this sense, self-
administered structured questionnaire was used to collect quantitative data while in depth interview
was used for the qualitative study. Simple random sampling was used to select respondents from the
total population of Save the Children Addis Ababa/International –based staff members who were
previously part of provident fund scheme. The researcher has followed the approach of descriptive
qualitative research method and applied simple random sampling technique. The data have been
collected using structured, semi-structured questionnaires and interviews, as well as reading
materials of the target area. The finding from the descriptive analysis revealed that employees of
Save the Children International were well aware of the pros and cons of both the pension and
provident fund schemes. The second finding disclosed that the majority of the employees prefer the
provident fund over the pension scheme. The analysis also indicated employees’ dissatisfaction with
the implementation of the private pension scheme and the consequent several different factors were
attached with the dissatisfaction. The findings, therefore, suggested the need for government to
further improve the implementation modality of Private Employees’ Pension Proclamation No.
715/2011 in such a way it protects the safety of all citizens. Among such complementary measures is
the provision of preretirement withdrawals/loans to those NGO employees with less than 10 years
of experience and who would be forced to leave a certain job and wait for the other to come as the
lifetimes of jobs in the NGO sector are naturally contract-based and obviously are regulated by the
phasing-in and phasing-out projects. The measures, therefore, must protect the interests of the
services and tributes of this section of the society from this danger of ending-up with being nothing
for their later times; and, in this sense, the measures must benefit these employees to be able to get
their genuine tributes and possibly invest for other sources of income that would ensure their living
during their retirement ages.
Key words: Pension Scheme, Private Pension Scheme, Provident Fund
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Keywords
Pension scheme, Private Pension scheme, Provident fund