Pension Scheme Act's Impact on Employees' Psycho-Economic Commitment in Organisation: A Case of Entrepreneurship Training Programme of Ondo State

The implementation of the Pension Scheme Act (PSA) in Nigeria is to address the financial challenges and their consequential effects on employees upon retirement in Nigeria. A descriptive survey research design was used for the study. The population of the study comprised the retirees of the Entrepreneurship Training Programme (ETP) of Ondo State, Nigeria. The sample size of the study was ninety respondents selected through a snowball sampling technique. Three research questions were raised for the study. Data were generated through a self-developed research instrument by the researcher titled "Questionnaire on Pension Scheme Acts on Employees' Psycho-Economic Commitment in Organization: A Case of Entrepreneurship Training Programme of Ondo State, Nigeria".It was fashioned on a four-point Likert rating scale, rated on 4, 3, 2, and 1 points. The research instruments were validated by experts in Measurement and Evaluation. Its reliability was determined by the test-retest method at a two-week interval. A reliability coefficient of 0.71 was established. Conclusions were made based on the results that the Pension Scheme Act had a positive influence on employees' productivity, emotional distress and motivation towards job performance in (ETP). Recommendations were made that, PSA implementation should be done with accountability and transparency, and on retirement civil servants should have access to their benefits of the scheme very timely.