Financial Preparedness And Retirement Planning Among Emplyees Provident Fund (Epf) Contributors

Established in 1951, the Employees Provident Fund scheme made it compulsory for Malaysian workforce to save for their retirement. However, many of the employee provident fund contributors found that their Employees’ Provident Fund (EPF) savings are not enough to sustain them through retirement. Thus...

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Main Author:	Goh, Yi Yuern
Format:	Thesis
Language:	English
Published:	2022
Subjects:	H1-99 Social sciences (General)
Online Access:	http://eprints.usm.my/59533/1/24%20Pages%20from%20GOH%20YI%20YUERN.pdf
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id	my-usm-ep.59533
record_format	uketd_dc
spelling	my-usm-ep.595332023-10-24T03:22:08Z Financial Preparedness And Retirement Planning Among Emplyees Provident Fund (Epf) Contributors 2022-02 Goh, Yi Yuern H1-99 Social sciences (General) Established in 1951, the Employees Provident Fund scheme made it compulsory for Malaysian workforce to save for their retirement. However, many of the employee provident fund contributors found that their Employees’ Provident Fund (EPF) savings are not enough to sustain them through retirement. Thus, this study was conducted to identify factors that affect an EPF contributor's decision to have planned savings for retirement besides employee provident fund savings and to analyse factors that contribute to EPF contributor's financial preparedness for retirement. These constitutes the first two objectives of this study. In the third objective, the study uses descriptive statistical analysis to explore the relationship between socio-demographic characteristic and preferred retirement saving channels. A total of 500 questionnaires were administered to those working in Kuala Lumpur and Selangor area. The likelihood of having a personal retirement saving plan and the categories of retirement financial preparedness were analysed using Logistic regression model and Multinomial logistic model respectively. 2022-02 Thesis http://eprints.usm.my/59533/ http://eprints.usm.my/59533/1/24%20Pages%20from%20GOH%20YI%20YUERN.pdf application/pdf en public phd doctoral Perpustakaan Hamzah Sendut Pusat Pengajian Sains Kemasyarakatan
institution	Universiti Sains Malaysia
collection	USM Institutional Repository
language	English
topic	H1-99 Social sciences (General)
spellingShingle	H1-99 Social sciences (General) Goh, Yi Yuern Financial Preparedness And Retirement Planning Among Emplyees Provident Fund (Epf) Contributors
description	Established in 1951, the Employees Provident Fund scheme made it compulsory for Malaysian workforce to save for their retirement. However, many of the employee provident fund contributors found that their Employees’ Provident Fund (EPF) savings are not enough to sustain them through retirement. Thus, this study was conducted to identify factors that affect an EPF contributor's decision to have planned savings for retirement besides employee provident fund savings and to analyse factors that contribute to EPF contributor's financial preparedness for retirement. These constitutes the first two objectives of this study. In the third objective, the study uses descriptive statistical analysis to explore the relationship between socio-demographic characteristic and preferred retirement saving channels. A total of 500 questionnaires were administered to those working in Kuala Lumpur and Selangor area. The likelihood of having a personal retirement saving plan and the categories of retirement financial preparedness were analysed using Logistic regression model and Multinomial logistic model respectively.
format	Thesis
qualification_name	Doctor of Philosophy (PhD.)
qualification_level	Doctorate
author	Goh, Yi Yuern
author_facet	Goh, Yi Yuern
author_sort	Goh, Yi Yuern
title	Financial Preparedness And Retirement Planning Among Emplyees Provident Fund (Epf) Contributors
title_short	Financial Preparedness And Retirement Planning Among Emplyees Provident Fund (Epf) Contributors
title_full	Financial Preparedness And Retirement Planning Among Emplyees Provident Fund (Epf) Contributors
title_fullStr	Financial Preparedness And Retirement Planning Among Emplyees Provident Fund (Epf) Contributors
title_full_unstemmed	Financial Preparedness And Retirement Planning Among Emplyees Provident Fund (Epf) Contributors
title_sort	financial preparedness and retirement planning among emplyees provident fund (epf) contributors
granting_institution	Perpustakaan Hamzah Sendut
granting_department	Pusat Pengajian Sains Kemasyarakatan
publishDate	2022
url	http://eprints.usm.my/59533/1/24%20Pages%20from%20GOH%20YI%20YUERN.pdf
_version_	1783729571921657856

Financial Preparedness And Retirement Planning Among Emplyees Provident Fund (Epf) Contributors

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