Abstract
Many employees often approach retirement with mixed feelings as they exit service. To many, it represents a transition from the known to the unknown. After retirement, income becomes irregular and financial expectations become less visible. This is because policies are not well implemented to the letter, leaving retirees’ lives hanging in the balance in their old age. Management of life after retirement entails planning for the unpredictable and unavoidable new lifestyle when one is still in active service. This study was aimed at assessing the retirement perception of workers of the public and private sector in Bamenda Municipality and their consequent economic and social behavior towards the concept of retirement.The study employed an Ex post facto research design with a sample of 400 working individuals ranging from the ages of 30 to 60 years that were randomly selected. A questionnaire and interview guide were the instruments used to collect data for the study. Responses revealed that retirement age perception (F =32.56, df=398, P<0.01), pre- counselling (F =46.64, df=398, P<0.01) and post counseling services (F =36.13, df=398, P<0.01) significantly predicted workers’ behavior. The findings revealed an important level of misunderstanding of what retirement is all about. Potential conflict in retirement, knowledge, planning, attitude toward retirement and retirement goal clarity are the significant predictors of retirement social and economic behavior. Key words : Retirement, pre-retirement, post-retirement, perception, workers’ behavior, enterprises, post counselling services. DOI: 10.7176/JEP/11-27-16 Publication date: September 30 th 2020
Highlights
IntroductionIntroduction and the ProblemThe concept of retirement is an act of leaving one’s job, career, or occupation permanently, as a result of age, legal number of years spent on service or on the grounds of ill health or accident
Introduction and the ProblemThe concept of retirement is an act of leaving one’s job, career, or occupation permanently, as a result of age, legal number of years spent on service or on the grounds of ill health or accident
The notion of retirement means different things to different people. While some view it from the positive point of view and awaits it with joy, others have a negative perception of retirement and associate it with a period of boredom, economic hardship and death
Summary
Introduction and the ProblemThe concept of retirement is an act of leaving one’s job, career, or occupation permanently, as a result of age, legal number of years spent on service or on the grounds of ill health or accident. The notion of retirement means different things to different people While some view it from the positive point of view and awaits it with joy, others have a negative perception of retirement and associate it with a period of boredom, economic hardship and death. Such people experience a sense of isolation and loss of status. For Akinade (2006), retirement is a real end unavoidable end to the worker’s career. It refers to the eventual end of an employee’s primary job.
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
