An Assessment of the Preparation and Planning Practices for Independent Retirement in Tanzania Public Sector: A Case Civil Servants Geita District Council.

Cynthia, Kabugumila (2021) An Assessment of the Preparation and Planning Practices for Independent Retirement in Tanzania Public Sector: A Case Civil Servants Geita District Council. Masters thesis, The Open University of Tanzania.

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Abstract

Retirement as a life transition process poses an important position in the life of individual particularly in old age. This study aimed at assessing preparation and planning practices for independent retirement in Tanzania public sector case study of employees of Geita District Council for their life out of formal employment, determining the key stakeholders involved in preparation and planning practices for independent retirement in Tanzania public sector and assessing the effectiveness of programs used by the key stakeholders to prepare employees for life in retirement. This study adopted a descriptive research design and both simple random sampling as well as purposive sampling was used as the sampling technique whereby the study involved the sample size of 84 respondents. The study has revealed that majority of the respondents are well prepared to cope with both financial and socio-psychological challenges during the post retirement life. The results from the field have shown that the Pension Funds, Employees and PMO-LYED play the vital role in determining the future of the life during the post-retirement period. Programmes related with the provision of seminars and training programmes are very effective in providing the retirees with skills such as financial management, entrepreneurial skills as well as personal management skills. The study concluded that the challenges facing the retirees during the post retirement period for the largest percentage have been accelerated poor preparation during the pre-retirement period; effectiveness of coping with the challenges associated with retirement relies on how the employees are making preparation of how to cope with life during the post retirement period. The study has recommended for the special organization, which will be dealing with the post retirement preparation for the retirees. Keywords: Retirement, Employees Close and Pension

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