Analysis of The Impact of Pension Scheme of State-Owned Companies of China Railways-Reference-Cited by-同舟云学术

Analysis of The Impact of Pension Scheme of State-Owned Companies of China Railways

Published:2020-06-20 Issue: Volume: Page:622-628
ISSN:2394-4099
Container-title:International Journal of Scientific Research in Science, Engineering and Technology
language:en
Short-container-title:IJSRSET

Author:

Akowuah Isaac Newton¹,Manu Emmanuel Kwaku¹,Puopelee Theresa²,Akowuah Samuel¹

Affiliation:

1. School of Management, Jiangsu University China, 301 Xuefu Rd, Jingkou Qu, Zhenjiang, Jiangsu Province, China

2. School of finance, University for Development studies, Ghana WA.

Abstract

<p>The purpose of this study was to investigate the factors influencing supplementary pension contribution among employees of China Railway Group Company Limited. Simple random sampling technique was used. A structured questionnaire with close-ended questions was used to solicit data from 421 respondents. Hierarchical multiple linear regression was employed in the analysis of the data. The findings of the study revealed that certain factors such as tax policy and reward system had influences on employees’ decisions to take additional pension schemes besides the mandatory pension schemes. A comfortable retired life of employees depends on the savings made during the days of active service. The study revealed that tax policy positively influenced supplementary pension contribution among employees. Reward system has been considered in many cases as having a positive effect on employee decisions. The findings of the study revealed that reward system positively and significantly influenced supplementary pension contribution among employees. In addition, both tax policy and reward system had influence on employee lifestyle.</p>

Publisher

Technoscience Academy

Subject

General Medicine

Reference14 articles.

1. Adeniji, A. A., Akinnusi, D. M., Falola, H. O., Ohunakin, F. J. I. J. o. A. B., & Research, E. (2017). Administration of Retirement in Nigeria: Periscoping the effect on Retirees. 15(15), 319-333.

2. Bessho, S. I. (2018). Child Benefit, Tax Allowances and Behavioural Responses: The Case of Japanese Reform, 2010–2011. The Japanese Economic Review, 69(4), 478-501.

3. Bassey, N., Etim, O., & Asinya, F. J. G. J. o. H. (2008). An overview of the Nigerian Pension Scheme from 1951-2004. 7(1&2), 61-70.

4. Genkin, A., Lewis, D. D., & Madigan, D. (2007). Large-scale Bayesian logistic regression for text categorization. Technometrics, 49(3), 291-304.

5. Horváth, M., & Siebertová, Z. (2019). Employment Effects of Income Tax Reforms: Lessons from Slovakia (No. 54).