Analysis of The Impact of Pension Scheme of State-Owned Companies of China Railways

Authors

  • Isaac Newton Akowuah  School of Management, Jiangsu University China, 301 Xuefu Rd, Jingkou Qu, Zhenjiang, Jiangsu Province, China
  • Emmanuel Kwaku Manu  School of Management, Jiangsu University China, 301 Xuefu Rd, Jingkou Qu, Zhenjiang, Jiangsu Province, China
  • Theresa Puopelee  School of finance, University for Development studies, Ghana WA.
  • Samuel Akowuah  School of Management, Jiangsu University China, 301 Xuefu Rd, Jingkou Qu, Zhenjiang, Jiangsu Province, China

DOI:

https://doi.org/10.32628/IJSRSET2073129

Keywords:

Government, Employees, Supplementary Pension, Tax Policy, Policymakers, Sampling Technique, Lifestyle, Old Age.

Abstract

The purpose of this study was to investigate the factors influencing supplementary pension contribution among employees of China Railway Group Company Limited. Simple random sampling technique was used. A structured questionnaire with close-ended questions was used to solicit data from 421 respondents. Hierarchical multiple linear regression was employed in the analysis of the data. The findings of the study revealed that certain factors such as tax policy and reward system had influences on employees’ decisions to take additional pension schemes besides the mandatory pension schemes. A comfortable retired life of employees depends on the savings made during the days of active service. The study revealed that tax policy positively influenced supplementary pension contribution among employees. Reward system has been considered in many cases as having a positive effect on employee decisions. The findings of the study revealed that reward system positively and significantly influenced supplementary pension contribution among employees. In addition, both tax policy and reward system had influence on employee lifestyle.

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International Journal of Scientific Research in Science, Engineering and Technology

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Published

2020-06-30

Issue

Volume 7, Issue 3, May-June-2020

Section

Research Articles

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This work is licensed under a Creative Commons Attribution 4.0 International License.

How to Cite

[1]
Isaac Newton Akowuah, Emmanuel Kwaku Manu, Theresa Puopelee, Samuel Akowuah "Analysis of The Impact of Pension Scheme of State-Owned Companies of China Railways" International Journal of Scientific Research in Science, Engineering and Technology (IJSRSET), Print ISSN : 2395-1990, Online ISSN : 2394-4099, Volume 7, Issue 3, pp.622-628, May-June-2020. Available at doi : https://doi.org/10.32628/IJSRSET2073129