The Predicting Role of Financial Literacy, Socila Support, and Government Retirement Policy Awareness on Retirement Readiness

Retirement represents a major life transition that significantly influences financial stability, psychological well-being, and social relationships. As life expectancy continues to rise and economic uncertainty intensifies, the need for intentional and comprehensive retirement planning has become increasingly vital. This concern is not only for individuals preparing for their future but also for governments that are responsible for ensuring the long-term welfare of their employees and citizens. Government personnel face unique challenges that stem from limited savings opportunities, continued reliance on pension programs, and the lack of strong institutional systems that support both financial and psychosocial readiness for retirement (Lhaopadchan, Gerrans, and Treepongkaruna, 2025).
Across the world, retirement preparedness has become an important issue as aging populations create greater pressure on public pension systems. Policymakers now recognize that retirement planning should not be treated only as a personal obligation but also as a matter of public policy that calls for coordinated efforts in financial education, social protection, and institutional support (OECD, 2023). Being prepared for retirement involves more than the accumulation of financial assets. It also requires psychological adjustment, social connectedness, and the ability to live a meaningful and fulfilling life beyond one’s years of employment (Lhaopadchan et al., 2025).

sustainable, and empowering. Ultimately, the study seeks

1. As a researcher deeply committed to public service and social development, I undertook this study to examine the impact of financial literacy, social support, and government policies on the retirement readiness of local government employees in Iligan City. I believe that retirement should be a period of dignity and security, not uncertainty. This research is driven by my desire to provide evidence-based insights that can strengthen policy implementation, enhance support systems, and promote financial education among civil servants. By aligning this work with Sustainable Development Goal 8, I hope to contribute to inclusive and sustainable retirement strategies that benefit individual workers and the broader public sector. [Google Scholar] [Crossref]

• The Indirect Effect of Liquidity and Activity on Company Value with Profitability as an Intervening Variable
• Effect of Financial Skills, Knowledge, and Attitude on The Financial Behaviour of Clergy
• A Decade of Review: Trends in Budget Execution and Financial Performance of Development Projects in Tanzania (2014/15-2023/24)
• The Influence of Pre-Project Planning on the Budget Absorption Rate of Public Funded Infrastructure Projects in Kenya a Comparative Case Study of Narok, Migori, and Kisii County Government Projects
• Assessment of Factors Influencing Digital Transformation in Hotels’ Facility Management in Abuja Metropolis, Nigeria