PROBLEMS AND PROSPECTS OF PENSION ADMINISTRATION IN NIGERIAN PUBLIC SECTOR
The pension and gratuity which are normally goes  to retired employee have been in practice in the advanced western countries,  which gradually came into our under developed countries, since then during  colonial regime.
			  Pension is a stated allowance or amount of money  paid regularly on monthly basis to a person on his retirement from service.
			  Gratuity: This is a sum of money paid to a worker  or military personnel on retirement or discharge from service. The amount is  calculated according to the years of service of the individual concerned.
			  Pension was not therefore the automatic  entitlement of a retiree. However, several reviews have been made to pension  ordinance in 1979, 1992 etc. It was the review of 1993 pension rate that other fringe  benefits from part of total annual emoluments up till now. Such benefits  include utility allowance and meals subsidy as per established circular Ref.  No: 363216/51/X/702 of 25th January 1993.
			  It is also pertinent to note that all retired  officers (servants) were paid uniformly based on the level of which an officer  retired. But review of 1993 brought a disparity in the amount paid to retiree  officers in the federal and state government.
			  An evaluation of administration of pension and gratuity  schemes in the public service generally indicates some militating factors  against prompt payment of retirees.
			  Every person employed originally works for several  number of years up to a specific year, would one time be retired of his post  and given a name PENSIONER or RETIREE at this stage, he starts to be collect  meager amount monthly, collect pension. One is to be retied if he/she is not  working full time and derives at least the largest portion of financial support  from the public or private pension payments. It designate the period in life  when one’s role as a paid worker ceases.