RETIREMENT SECURITY AMONG MALAYSIAN CIVIL SERVANTS: AN ASSESSMENT OF LITERACY, ATTITUDES, AND FINANCIAL PRACTICES

Authors

  • Zalina Mohd Ishak Department of Resource Management and Consumer Studies, Faculty of Human Ecology, Universiti Putra Malaysia
  • Mohamad Fazli Sabri Department of Resource Management and Consumer Studies, Faculty of Human Ecology, Universiti Putra Malaysia
  • Husniyah Abdul Rahim Department of Resource Management and Consumer Studies, Faculty of Human Ecology, Universiti Putra Malaysia
  • Irwan Syah Md Yusoff Department of Resource Management and Consumer Studies, Faculty of Human Ecology, Universiti Putra Malaysia
  • Amirah Shazana Magli Department of Resource Management and Consumer Studies, Faculty of Human Ecology, Universiti Putra Malaysia

Keywords:

Attitude toward Retirement, Civil Servants, Professional Financial Advice, Retirement Behaviour, Retirement Literacy, Retirement Security

Abstract

This cross-sectional study aims to examine the retirement security of Malaysian civil servants. This study analyzed retirement literacy, attitude toward retirement, professional financial advice, and retirement behaviour in attaining retirement security. Self-administered questionnaires were utilized to survey Malaysian civil servants regarding their retirement security. A multi-stage random sampling method was used to draw a representative sample of Malaysian civil servants, and 361 completed self-administered questionnaires were received from 25 government departments in 5 regions: North, South, East, West and Sabah. The statistical analysis identifies Malaysian civil servants' vulnerability to unsecured retirement based on socioeconomic attributes and practices. It also analyzed the means and standard deviation for all items measuring retirement literacy, attitude toward retirement, professional financial advice, retirement behaviour and retirement security to gain a more profound understanding of the characteristics of the respondents.

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Published

09-09-2024

How to Cite

Mohd Ishak, Z., Sabri, M. F., Abdul Rahim, H., Md Yusoff, I. S., & Magli, A. S. (2024). RETIREMENT SECURITY AMONG MALAYSIAN CIVIL SERVANTS: AN ASSESSMENT OF LITERACY, ATTITUDES, AND FINANCIAL PRACTICES. Jurnal Pengguna Malaysia, 39(1), 96–117. Retrieved from https://jpmjurnal.com/jpm/article/view/43

Issue

Vol. 39 No. 1 (2023)

Section

Articles

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Copyright (c) 2024 Jurnal Pengguna Malaysia

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