Assessment On Employees Attitude Towards The Implementation Of Private Pension Schemethe Case Of Save The Children International

The primary objective of this study is to assess the attitudes of employees, at Save the Children, onrnthe implementation of the recently introduced private pension scheme. In this sense, self-rnadministered structured questionnaire was used to collect quantitative data while in depth interviewrnwas used for the qualitative study. Simple random sampling was used to select respondents from therntotal population of Save the Children Addis Ababa/International –based staff members who werernpreviously part of provident fund scheme. The researcher has followed the approach of descriptivernqualitative research method and applied simple random sampling technique. The data have beenrncollected using structured, semi-structured questionnaires and interviews, as well as readingrnmaterials of the target area. The finding from the descriptive analysis revealed that employees ofrnSave the Children International were well aware of the pros and cons of both the pension andrnprovident fund schemes. The second finding disclosed that the majority of the employees prefer thernprovident fund over the pension scheme. The analysis also indicated employees’ dissatisfaction withrnthe implementation of the private pension scheme and the consequent several different factors werernattached with the dissatisfaction. The findings, therefore, suggested the need for government tornfurther improve the implementation modality of Private Employees’ Pension Proclamation No.rn715/2011 in such a way it protects the safety of all citizens. Among such complementary measures isrnthe provision of preretirement withdrawals/loans to those NGO employees with less than 10 yearsrnof experience and who would be forced to leave a certain job and wait for the other to come as thernlifetimes of jobs in the NGO sector are naturally contract-based and obviously are regulated by thernphasing-in and phasing-out projects. The measures, therefore, must protect the interests of thernservices and tributes of this section of the society from this danger of ending-up with being nothingrnfor their later times; and, in this sense, the measures must benefit these employees to be able to getrntheir genuine tributes and possibly invest for other sources of income that would ensure their livingrnduring their retirement ages. rnKey words: Pension Scheme, Private Pension Scheme, Provident Fund

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