Vol. 16, Issue 1, Jul-Dec 2023

Page: 55-60

TOWARDS SUCCESSFUL RETIREMENT ADJUSTMENT: NEXUS BETWEEN CONFIDENCE LEVEL, INTERNAL, AND EXTERNAL CONTINGENCY OF THE GHANAIAN WORKER (THE CASE OF SENIOR STAFF OF THE UNIVERSITY OF EDUCATION, WINNEBA, GHANA)

Rev Kwesi Nkum Wilson

Received Date:

Accepted Date:

Published Date:

Retirement as a stage in life has been seen differently by different people based on their perception, preparation and personal experience. Whiles some people face retirement with bated breath and joy others face it with fear, trepidation and uncertainty. This study investigated relationship between confidence level, internal, and external contingency of the Ghanaian worker in relation to planning towards their retirement. Using the quantitative paradigm of research with the descriptive survey as the research design, the study employed the random sampling approach in selecting the respondents. The study made use of a self-report questionnaire (Retirement Adjustment Questionnaire [RAQ]), with reliability co-efficient of 0.872. Inferential statistical tools were used to analyse test the hypothesis for the study. Findings from the study revealed that one main consideration or adjustment process for retirement was the financial implications on the retiree. The study thus recommends among other things pre-retirement workshops/seminars on socio-economic, political and institutional factors that could influence retirement adjustment processes, and on potential investment opportunities as contingency plans to ease the transition from active working life to retirement

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