The Republic of South Sudan Pension Funds Governance: An Analysis of Framework, Challenges, and Solutions

Abstract

Pension funds governance work to improve the performance of the funds to enable them to settle their obligations and expand their operations positively. The increased number of aging employees with slow or no retirement programs being implemented by the South Sudan Pension Schemes is a major concern of the economy. The objective of this study is to review the Governance system, identify the major challenges to effective governance, and find solutions to improve pension funds governance. The methodology applied was quantitative using both primary data gathered using questionnaires and face-to-face interviews, and secondary data from the review of related literature obtained from different sources. A sample was drawn using a 95% confidence level allowing a 0.05 interval as the margin of error, SSPS was applied in the analysis using descriptive statistics. The study found that the Pension governance framework confirms the international standards, though challenges are obstructing their performance. However, Governance is the major determinant of pension funds’ performance. South Sudan needs to exert more effort to address the available challenges draining the progress of the pension schemes and should rethink the policy of establishing several pension schemes. The study further recommended the government concentrate on building up a sing