Practices and Challenges of Pension Fund Administration

The pension funds are among the largest institutional administration in the developed countries. The African social security institutions have grown and their contributions to national economy have become more significant. In Ethiopia there is pension fund contribution by employees of organizations, i.e. government sectors. Financial sustainability of pension funds are often cited as essential determinants for ensuring the provision of safe and reliable pension for retirees and pensioners. Yet, the concept of pension administration in terms of financial sustainability and how it translates into estimates for revenue requirements are frequently misunderstood. The general objective of the study was to determine the practice and challenges of pension fund administration in public servant social security agency of South East region. The specific objectives of the study were: to identify the existing practices and challenges in public servant social security agency of South East region, to examine the current status of pension fund administration in public servant social security agency of South East region, and to analyze the relationship between existing practices and challenges.