Assessing the Effectiveness of Voluntary Retirement among Civil Servants: The Case of Colleges of Education in Ashanti-Brong Ahafo (ASHBA) Regions
- January 8, 2020
- Posted by: RSIS
- Categories: Education, IJRISS
International Journal of Research and Innovation in Social Science (IJRISS) | Volume III, Issue XII, December 2019 | ISSN 2454–6186
Nicholas Aning Boadu1, Armstrong Ephraim Awinbugri2
1Ag. Principal, Agogo College of Education, Ghana
2Accountant, Agogo College of Education, Ghana
Abstract: – The study perused the effectiveness of voluntary retirement amongst civil servants in Colleges of Education, within Ashanti and Brong Ahafo Regions(ASHBA). Quantitative and qualitative research approaches in the form of closed and open ended research questions were used in conducting the study.
The research population was 200, out of which 156 respondents were purposively selected as the sample size from thirteen (13) Colleges of Education, nine (9) in Ashanti and four(4) in BrongAhafo regions respectively.
The research unraveled that voluntary retirement is not effective amongst civil servants in Ghana. One hundred and thirty one (131) respondents, representing 84% believed voluntary retirement was not effective amongst civil servants. This is evidenced by the fact that, within the last ten(10) years, no civil servant went on voluntary retirement within the researched organizations. The researchers thus recommended that greater incentives should be put in place to entice people to go on voluntary retirement just like Malaysia that has lower cost of housing and living so that employment avenues could be engineered for the younger generation.
I. BACKGROUND
Globally, retirement is one of the chief life transitions that symbolizes entering into a new period in life. Retirement can mean different things to different people the world over. As the literature of retirement suggests, while some may view retirement as a time to relax after a life of work, others may do things they never had the chance to do when they were younger. Others may also see retirement as an opportunity to support their children as they take important steps in their adult lives – buying their first home or having children of their own. However, for many people around the world, these aspirations may not be easy to achieve as the financial reality of life after work is less rosy (HSBC, 2015).
