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

Habibah Tolos; Arpah Abu Bakar; Muhammad Bashir Owolabi Yusuf

doi:10.32890/jbma2014.4.0.8877

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

Authors

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

DOI:

https://doi.org/10.32890/jbma2014.4.0.8877

Keywords:

Choice, pension plan, employee provident fund (EPF), defined benefit plan, defined contribution plan

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.

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Published

03-12-2014

How to Cite

Tolos, H., Abu Bakar, A., & Owolabi Yusuf, M. B. (2014). Factors Associated with Employees’ Choice of Mandatory Retirement Plan: The Case of Malaysian Public Universities. Journal of Business Management and Accounting, 4, 31–44. https://doi.org/10.32890/jbma2014.4.0.8877

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Issue

Vol. 4 (2014)

Section

Articles

License

This work is licensed under a Creative Commons Attribution 4.0 International License.

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