| dc.description.abstract | Retirement benefits are benefits received by a pension plan participant upon retirement or earlier termination of employment, and they might include pension payments, lump sums or gratuities, as well as payments to dependents in the event of the participant's passing while still alive. A retirement benefit plan is made to assist you to live a stress-free life after retirement by providing for your needs. A retirement savings plan is one of these, as it aids in the growth of your funds and offers a steady income for the rest of your life. The main aim of the study is to examine the extent to which contributions, operational expenditure, inflation, central bank rates and interest declared contribute to the low retirement benefits paid out in Uganda. This quantitative study involved distribution over 15 years. Univariate analysis, bivariate analysis using regression and multivariate analysis using multiple linear regression were performed on the variables in the study using STATA. The results of the study revealed significant relationships between retirement benefits paid and contributions (P= 0.005), operational expenditure (P= 0.015) and also interest declared by the retirement benefits schemes (P= 0.003). There were no relationships between the retirement benefits and the annual inflation rate (P= 0.065), and annual central bank rate (P= 0.288). The researcher, therefore, concluded that interest declared by the retirement benefits scheme was most likely to influence the amount of retirement benefits paid out. Economic factors like the annual inflation rate and central bank rate had no effect on the amount of retirement benefits paid out. | en_US |
