Pension Fund Motivation and Pension Sustainability in Nigeria: A case of the University of Benin Teaching Hospital Benin City, Edo State, Nigeria.

This study empirically examined the pension fund motivation and pension sustainability using bothactive and retired staff of the University of Teaching Hospital in Benin City, Edo State, Nigeria. Thestudy adopted a cross-sectional design. The researched population was the entire active staff and retiredemployees from 2010 to 2022 both University of Benin Teaching Hospital who are beneficiaries of thecontributory pension scheme in Benin City, Edo State, Nigeria irrespective of their cadre. The samplesize of 400 was used for the study. Questionnaires were administered as the research instrument for datacollection. Data analysis was carried out using descriptive statistics which include frequency and meanwhile linear regression analysis was engaged to examine the hypothesis of the study at 5% significancelevel as well as the Statistical Package for the Social Sciences (SPSS) version 23 software. The studyestablished that pension sustainability is significant and positively related to pension fund motivation.The study recommends bearing in mind the strategic significance of pension to employees andpensioners. Contributory pension reforms should be continuous, regular and adjusted to meet theevolving needs of retirees. This will help with the persistent motivation of existing employees.