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Preparedness to Retire by Malaysian Civil Servants

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  • First Online:
Global Encyclopedia of Public Administration, Public Policy, and Governance

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Synonyms

Civil servants; Financial literacy; Preparedness; Retirement; Retirement planning

Definition

Retirement planning involves preparation made by an individual to face life in retirement after the individual leaves employment. This encompasses decisions and actions taken to ensure the availability of sufficient resources to support life after the individual leaves formal employment. Civil servants represent all individuals who are employed by the government. Preparedness to retire shows the adequacy of skills an employee has in taking measures to transit into life in retirement (Nyoro and Otieno 2016).

Introduction

By each day, more people are enjoying longer life span with improved quality of life. A report by World Health Organization (2018) showed that global life expectancy has increased gradually over the years from an average of 66.5 years in 2000 to an average of 72.0 years in 2016. United Nations (2019) reported that one in six people in the world will be over 65 years...

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References

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Author information

Authors and Affiliations

  1. Faculty of Economics and Administration, University of Malaya, Kuala Lumpur, Malaysia

    Singaravelloo Kuppusamy & Shirley-Tan Sok Kit

Authors
  1. Singaravelloo Kuppusamy
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  2. Shirley-Tan Sok Kit
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Corresponding authors

Correspondence to Singaravelloo Kuppusamy or Shirley-Tan Sok Kit .

Editor information

Editors and Affiliations

  1. Florida Atlantic University, Boca Raton, FL, USA

    Ali Farazmand

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Kuppusamy, S., Sok Kit, ST. (2020). Preparedness to Retire by Malaysian Civil Servants. In: Farazmand, A. (eds) Global Encyclopedia of Public Administration, Public Policy, and Governance. Springer, Cham. https://doi.org/10.1007/978-3-319-31816-5_3963-1

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  • DOI: https://doi.org/10.1007/978-3-319-31816-5_3963-1

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  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-319-31816-5

  • Online ISBN: 978-3-319-31816-5

  • eBook Packages: Springer Reference Economics and FinanceReference Module Humanities and Social SciencesReference Module Business, Economics and Social Sciences

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