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

  • Habibah Tolos School of Economics, Finance and Banking, College of Business Universiti Utara Malaysia
  • Arpah Abu Bakar School of Economics, Finance and Banking, College of Business Universiti Utara Malaysia
  • Muhammad Bashir Owolabi Yusuf School of Economics, Finance and Banking, College of Business Universiti Utara Malaysia

Abstract

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.

Published
2020-02-23
How to Cite
TOLOS, Habibah; ABU BAKAR, Arpah; OWOLABI YUSUF, Muhammad Bashir. Factors Associated with Employees’ Choice of Mandatory Retirement Plan: The Case of Malaysian Public Universities. Journal of Business Management and Accounting, [S.l.], v. 4, p. 31-44, feb. 2020. ISSN 2231-9298. Available at: <http://e-journal.uum.edu.my/index.php/jbma/article/view/8877>. Date accessed: 06 june 2020. doi: https://doi.org/10.32890/jbma2014.4.0.8877.
Section
Articles