Factors Associated with Employees' Choice of Mandatory Retirement Plan: The Case of Malaysian Public Universities

This study examines the factors that influence public sector employees in making a decision to enroll in either one of the two types of mandatory retirement plans. A survey of 348 Malaysian public universities employees was conducted, and the data obtained were analyzed using a logistic regression...

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Main Authors: Habibah Tolos, Arpah Abu Bakar, Muhammad Bashir Owolabi Yusuf
Format: Article
Language:English
Published: UUM PRESS 2014-12-01
Series:Journal of Business Management and Accounting
Subjects:
Online Access:https://e-journal.uum.edu.my/index.php/jbma/article/view/8877
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author Habibah Tolos
Arpah Abu Bakar
Muhammad Bashir Owolabi Yusuf
author_facet Habibah Tolos
Arpah Abu Bakar
Muhammad Bashir Owolabi Yusuf
author_sort Habibah Tolos
collection DOAJ
description This study examines the factors that influence public sector employees in making a decision to enroll in either one of the two types of mandatory retirement plans. A survey of 348 Malaysian public universities employees was conducted, and the data obtained were analyzed using a logistic regression model. The results show that knowledge, plan feature, sources of retirement income, health status, job mobility, and extending work are the contributing factors of the choice of the retirement plan. Apart from extending the extant literature on retirement plan, this study provides further understanding of the employees’ retirement decision in a different scenario of retirement systems.
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spelling doaj.art-7929bddd45bf4e6491006a6e002e2ed72023-11-16T03:16:35ZengUUM PRESSJournal of Business Management and Accounting2231-92982636-92492014-12-01410.32890/jbma2014.4.0.8877Factors Associated with Employees' Choice of Mandatory Retirement Plan: The Case of Malaysian Public UniversitiesHabibah Tolos0Arpah Abu Bakar1Muhammad Bashir Owolabi Yusuf2School of Economics, Finance and Banking, College of Business Universiti Utara MalaysiaSchool of Economics, Finance and Banking, College of Business Universiti Utara MalaysiaSchool of Economics, Finance and Banking, College of Business Universiti Utara Malaysia This study examines the factors that influence public sector employees in making a decision to enroll in either one of the two types of mandatory retirement plans. A survey of 348 Malaysian public universities employees was conducted, and the data obtained were analyzed using a logistic regression model. The results show that knowledge, plan feature, sources of retirement income, health status, job mobility, and extending work are the contributing factors of the choice of the retirement plan. Apart from extending the extant literature on retirement plan, this study provides further understanding of the employees’ retirement decision in a different scenario of retirement systems. https://e-journal.uum.edu.my/index.php/jbma/article/view/8877Choicepension planemployee provident fund (EPF)defined benefit plandefined contribution plan
spellingShingle Habibah Tolos
Arpah Abu Bakar
Muhammad Bashir Owolabi Yusuf
Factors Associated with Employees' Choice of Mandatory Retirement Plan: The Case of Malaysian Public Universities
Journal of Business Management and Accounting
Choice
pension plan
employee provident fund (EPF)
defined benefit plan
defined contribution plan
title Factors Associated with Employees' Choice of Mandatory Retirement Plan: The Case of Malaysian Public Universities
title_full Factors Associated with Employees' Choice of Mandatory Retirement Plan: The Case of Malaysian Public Universities
title_fullStr Factors Associated with Employees' Choice of Mandatory Retirement Plan: The Case of Malaysian Public Universities
title_full_unstemmed Factors Associated with Employees' Choice of Mandatory Retirement Plan: The Case of Malaysian Public Universities
title_short Factors Associated with Employees' Choice of Mandatory Retirement Plan: The Case of Malaysian Public Universities
title_sort factors associated with employees choice of mandatory retirement plan the case of malaysian public universities
topic Choice
pension plan
employee provident fund (EPF)
defined benefit plan
defined contribution plan
url https://e-journal.uum.edu.my/index.php/jbma/article/view/8877
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AT arpahabubakar factorsassociatedwithemployeeschoiceofmandatoryretirementplanthecaseofmalaysianpublicuniversities
AT muhammadbashirowolabiyusuf factorsassociatedwithemployeeschoiceofmandatoryretirementplanthecaseofmalaysianpublicuniversities