Retirement Preparedness of Pre-Retiring Employees in one State College: Towards Fulfilled Retirement Life

The study seeks to establish the level of retirement preparedness of pre-retiring employees in one State College in Sagay City, Negros Occidental, Philippines. Results of the study will empower pre-retirees and recommend the most compatible action plan the College may implement to ensure enjoyable and happy life after retirement. Descriptive method utilizing validated survey questionnaire was used to determine the level of retirement preparedness of 45 pre-retiring employees aging 45 and above based on social, medical, spiritual, and financial dimensions in relation to the personal profile of the respondents such as age, sex, civil status, annual income and number of years in service. Results showed that respondents are generally prepared for retirement. Moreover, it revealed that there is no significant difference on the level of retirement preparedness on the medical and spiritual dimensions, while a significant difference on the level of social and financial dimensions grouped as to civil status was implied. Results viewed a context that educational leadership should capture and implement appropriate pre-retirement programs in diverse dimensions and formats to attract pre-retiring employees towards fulfilled retirement life. Likewise, results post a challenge to public education institutions to trail the effect of pre-retirement program towards performance at work, hence, pre-retirement initiatives and activities should form part of the organizational workspace.

Keywords – retirement preparedness, pre-retirement, social preparedness, medical preparedness, spiritual preparedness, financial preparedness