Financial condition of retires employees of the provincial government of Cavite /
by Amaville P. Lobitos and Chairelle Joyce A. Palomar.
- Indang, Cavite : Cavite State University- Main Campus, 2019.
- xiii, 62 pages : illustrations ; 29 cm.
Thesis (Bachelor of Science in Business Management Major in Financial Management) Cavite State University.
Includes bibliographical references.
College of Economics, Management and Development Studies (CEMDS), Department of Management College of Economics, Management and Development Studies (CEMDS), Department of Management
LOBITOS, AMAVILLE P. AND PALOMAR, CHAIRELLE JOYCE A. FINANCIAL CONDITION OF RETIRED EMPLOYEES OF THE PROVINCIAL GOVERNMENT OF CAVITE. Undergraduate Thesis. Bachelor of Science in Business Management, major in Financial Management. Cavite State University, Indang, Cavite. April 2019. Adviser: Prof. Mary Grace A. flagan.
Retirement represents another milestone of a person after working hard. This phase is the most vulnerable part of a person's life if they were not ready because it is considered as the new era of their life, and retirement planning is a continuous and lifelong process that it could take decades of commitment to receive the final pay off.
The study on the financial condition of retired employees of the provincial government of Cavite was accomplished considering the retirees of the provincial government of Cavite. Total enumeration was applied to select the participants.
Using multiple regression, it was found that among the sociodemographic characteristics, only educational attainment was observed to have a significant effect on the changes in the amount of assets. In addition, monthly income and expenses were viewed to be contributory in the changes of the retirees financial condition.
It was concluded that the higher the educational attainment the more secured their retirement, for it plays a vital role which can greatly affect a person’s financial condition in the future. It was recommended that the pre-retirees must be well financial literate through financial seminars provided by different sectors and make preparations on how to achieve a more secured retirement.