An Improved Design and Implementation of a Pension Contribution Monitoring System

Abstract

Based on the problems of stress, time wasting and inconsistency with the traditional approach employed in monitoring the correct estimation of pension remittances of workers under the contributory pension scheme, there is need for a robust web-
based pension contribution monitoring system capable of accurately estimating retirement savings of employees by the inclusion of penal charges on delayed remittance of employees’ contributions. This work focuses on the design and implementation of a web-based pension contribution monitoring system to address the gap of non-monitoring of prompt remittance of monthly contributions and non-inclusion of penal charges on late remittances in existing pension management systems. The performance evaluation of the proposed system based on the analysis of administered questionnaires on forty users shows that the system is user friendly, fast, accurately reliable and responsive as attested to by 90%, 97.5%, 85% and 90% of respondents respectively.