Predictors of retirement security among the Malaysian civil servants

This research aims to determine the determinants of retirement security (RS) among Malaysian civil servants, identify the "inputs"—retirement literacy, retirement behaviour, and professional financial advice—and the "throughput"—attitudes toward retirement (ATR)—to reach the inte...

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Main Authors: Mohd Ishak, Zalina, Magli, Amirah Shazana, Sabri, Mohamad Fazli
Format: Article
Published: Human Resource Management Academic Research Society 2022
Online Access:http://psasir.upm.edu.my/id/eprint/102844/
https://hrmars.com/index.php/IJARBSS/article/view/16002/Predictors-of-Retirement-Security-among-the-Malaysian-Civil-Servants
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spelling my.upm.eprints.1028442024-06-30T14:54:36Z http://psasir.upm.edu.my/id/eprint/102844/ Predictors of retirement security among the Malaysian civil servants Mohd Ishak, Zalina Magli, Amirah Shazana Sabri, Mohamad Fazli This research aims to determine the determinants of retirement security (RS) among Malaysian civil servants, identify the "inputs"—retirement literacy, retirement behaviour, and professional financial advice—and the "throughput"—attitudes toward retirement (ATR)—to reach the intended "outputs"—RS. Self-administered questionnaires were utilised to survey Malaysian civil servants regarding their RS. A multi-stage random sampling method was used to draw a representative sample of Malaysian civil servants and 361 completed self-administered questionnaires were received from 25 government departments in 5 regions: North, South, East, West and East Malaysia (Sabah). Covariance-Based Structural Equation Modelling statistically analysed data. With a R square of 0.42, the RS model explains 42% of retirement security variances. ATR and retirement behaviour significantly influence Malaysian civil servants' RS. Partial mediation was depicted in the influence of retirement behaviour; on RS, and full mediation was shown in the influence of retirement literacy and professional financial advice; on RS. This study could help policy-makers, government, and non-government organisations identify Malaysian civil servants' vulnerability to unsecured retirement based on socio-economic attributes and practises. These agencies could design RS programmes for Malaysian civil servants based on retirement literacy, retirement behaviour, professional financial advice, and ATR levels. Human Resource Management Academic Research Society 2022 Article PeerReviewed Mohd Ishak, Zalina and Magli, Amirah Shazana and Sabri, Mohamad Fazli (2022) Predictors of retirement security among the Malaysian civil servants. International Journal of Academic Research in Business and Social Sciences, 12 (12). pp. 1982-2003. ISSN 2222-6990 https://hrmars.com/index.php/IJARBSS/article/view/16002/Predictors-of-Retirement-Security-among-the-Malaysian-Civil-Servants 10.6007/ijarbss/v12-i12/16002
institution Universiti Putra Malaysia
building UPM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Putra Malaysia
content_source UPM Institutional Repository
url_provider http://psasir.upm.edu.my/
description This research aims to determine the determinants of retirement security (RS) among Malaysian civil servants, identify the "inputs"—retirement literacy, retirement behaviour, and professional financial advice—and the "throughput"—attitudes toward retirement (ATR)—to reach the intended "outputs"—RS. Self-administered questionnaires were utilised to survey Malaysian civil servants regarding their RS. A multi-stage random sampling method was used to draw a representative sample of Malaysian civil servants and 361 completed self-administered questionnaires were received from 25 government departments in 5 regions: North, South, East, West and East Malaysia (Sabah). Covariance-Based Structural Equation Modelling statistically analysed data. With a R square of 0.42, the RS model explains 42% of retirement security variances. ATR and retirement behaviour significantly influence Malaysian civil servants' RS. Partial mediation was depicted in the influence of retirement behaviour; on RS, and full mediation was shown in the influence of retirement literacy and professional financial advice; on RS. This study could help policy-makers, government, and non-government organisations identify Malaysian civil servants' vulnerability to unsecured retirement based on socio-economic attributes and practises. These agencies could design RS programmes for Malaysian civil servants based on retirement literacy, retirement behaviour, professional financial advice, and ATR levels.
format Article
author Mohd Ishak, Zalina
Magli, Amirah Shazana
Sabri, Mohamad Fazli
spellingShingle Mohd Ishak, Zalina
Magli, Amirah Shazana
Sabri, Mohamad Fazli
Predictors of retirement security among the Malaysian civil servants
author_facet Mohd Ishak, Zalina
Magli, Amirah Shazana
Sabri, Mohamad Fazli
author_sort Mohd Ishak, Zalina
title Predictors of retirement security among the Malaysian civil servants
title_short Predictors of retirement security among the Malaysian civil servants
title_full Predictors of retirement security among the Malaysian civil servants
title_fullStr Predictors of retirement security among the Malaysian civil servants
title_full_unstemmed Predictors of retirement security among the Malaysian civil servants
title_sort predictors of retirement security among the malaysian civil servants
publisher Human Resource Management Academic Research Society
publishDate 2022
url http://psasir.upm.edu.my/id/eprint/102844/
https://hrmars.com/index.php/IJARBSS/article/view/16002/Predictors-of-Retirement-Security-among-the-Malaysian-Civil-Servants
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score 13.211869