Financial security of tutors in Ghanaian colleges of education; a pre-retirement and post-retirement analysis
Our study sought to explore the pre-retirement and post-retirement housing and healthcare plans made by some tutors of colleges of education in Ghana by employing a qualitative descriptive design to delve into the pre-retirement and post-retirement housing and healthcare plans made by tutors. Six (6...
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| Format: | Article |
| Language: | English |
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Taylor & Francis Group
2024-12-01
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| Series: | Cogent Arts & Humanities |
| Subjects: | |
| Online Access: | https://www.tandfonline.com/doi/10.1080/23311983.2024.2335750 |
| _version_ | 1826933888228786176 |
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| author | Bernice Oteng Ronald Osei Mensah Agyemang Frimpong |
| author_facet | Bernice Oteng Ronald Osei Mensah Agyemang Frimpong |
| author_sort | Bernice Oteng |
| collection | DOAJ |
| description | Our study sought to explore the pre-retirement and post-retirement housing and healthcare plans made by some tutors of colleges of education in Ghana by employing a qualitative descriptive design to delve into the pre-retirement and post-retirement housing and healthcare plans made by tutors. Six (6) out of the 54 college tutors were purposefully recruited for an interview, and 54 college tutors from two (2) institutions of education were chosen for the survey using stratified and simple random sampling procedures. Frequency counts, percentages, and inferential statistics (independent samples test) were used to analyze the data obtained from the self-developed questionnaire (Cronbach’s alpha = 0.78), and themes were identified from the respondents’ responses using thematic analysis. The results from the research revealed that almost half (43%) of the sampled population had some sort of accommodation they were going to retire with, while a majority who did not own any housing property yet said they were making plans to acquire one before they go on retirement or shortly after they go on retirement. The study also found that all participants had some form of healthcare insurance coverage, with the majority subscribing to the public healthcare scheme – the National Health Insurance Scheme (NHIS). The study suggested that to implement financial investment plans for tutors in addition to public pension schemes for a better-secured post-retirement life, teacher unions, employers, and other stakeholders in Ghana should hire the services of professional financial services advisors and investment institutions. |
| first_indexed | 2024-04-24T08:35:58Z |
| format | Article |
| id | doaj.art-b5b126c41bb64fce934f960019f97c4e |
| institution | Directory Open Access Journal |
| issn | 2331-1983 |
| language | English |
| last_indexed | 2025-02-17T17:38:40Z |
| publishDate | 2024-12-01 |
| publisher | Taylor & Francis Group |
| record_format | Article |
| series | Cogent Arts & Humanities |
| spelling | doaj.art-b5b126c41bb64fce934f960019f97c4e2024-12-14T07:43:07ZengTaylor & Francis GroupCogent Arts & Humanities2331-19832024-12-0111110.1080/23311983.2024.2335750Financial security of tutors in Ghanaian colleges of education; a pre-retirement and post-retirement analysisBernice Oteng0Ronald Osei Mensah1Agyemang Frimpong2Department of Social Sciences, Accra College of Education, Accra, GhanaCentre for Languages and Liberal Studies, Social Development Department, Takoradi Technical University, Takoradi, GhanaResearch, Information, Monitoring and Evaluation Division, Public Services Commission, Accra, GhanaOur study sought to explore the pre-retirement and post-retirement housing and healthcare plans made by some tutors of colleges of education in Ghana by employing a qualitative descriptive design to delve into the pre-retirement and post-retirement housing and healthcare plans made by tutors. Six (6) out of the 54 college tutors were purposefully recruited for an interview, and 54 college tutors from two (2) institutions of education were chosen for the survey using stratified and simple random sampling procedures. Frequency counts, percentages, and inferential statistics (independent samples test) were used to analyze the data obtained from the self-developed questionnaire (Cronbach’s alpha = 0.78), and themes were identified from the respondents’ responses using thematic analysis. The results from the research revealed that almost half (43%) of the sampled population had some sort of accommodation they were going to retire with, while a majority who did not own any housing property yet said they were making plans to acquire one before they go on retirement or shortly after they go on retirement. The study also found that all participants had some form of healthcare insurance coverage, with the majority subscribing to the public healthcare scheme – the National Health Insurance Scheme (NHIS). The study suggested that to implement financial investment plans for tutors in addition to public pension schemes for a better-secured post-retirement life, teacher unions, employers, and other stakeholders in Ghana should hire the services of professional financial services advisors and investment institutions.https://www.tandfonline.com/doi/10.1080/23311983.2024.2335750Employersfinancial planningfinancial securitypension schemesretirementteacher unions |
| spellingShingle | Bernice Oteng Ronald Osei Mensah Agyemang Frimpong Financial security of tutors in Ghanaian colleges of education; a pre-retirement and post-retirement analysis Cogent Arts & Humanities Employers financial planning financial security pension schemes retirement teacher unions |
| title | Financial security of tutors in Ghanaian colleges of education; a pre-retirement and post-retirement analysis |
| title_full | Financial security of tutors in Ghanaian colleges of education; a pre-retirement and post-retirement analysis |
| title_fullStr | Financial security of tutors in Ghanaian colleges of education; a pre-retirement and post-retirement analysis |
| title_full_unstemmed | Financial security of tutors in Ghanaian colleges of education; a pre-retirement and post-retirement analysis |
| title_short | Financial security of tutors in Ghanaian colleges of education; a pre-retirement and post-retirement analysis |
| title_sort | financial security of tutors in ghanaian colleges of education a pre retirement and post retirement analysis |
| topic | Employers financial planning financial security pension schemes retirement teacher unions |
| url | https://www.tandfonline.com/doi/10.1080/23311983.2024.2335750 |
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