Plans of Cavite State University faculty and employees upon retirement /
by Elvira T. Doctor.
- Indang, Cavite : Cavite State University- Main Campus, 2015.
- vii, 28 pages : illustrations ; 28 cm.
Thesis ( BS Business Management ) Cavite State University
Includes bibliographical references.
College of Economics, Management, and Development Studies (CEMDS) College of Economics, Management, and Development Studies (CEMDS)
DOCTOR, ELVIRA TUPAS. Plans of Cavite State University Faculty and Employees Upon Retirement. Undergraduate Thesis. Bachelor of Science in Business Management major in Business Economics. Cavite State University, Indang, Cavite. April 2014. Adviser: Dr. Elizabeth E. Polinga. The study was conducted to determine the plans and needs of Cavite State University faculty and employees upon retirement. Specifically, the study aimed to determine the following: 1. socio-economic characteristics of CvSU faculty and employees who are about to retire; 2. plans of the faculty and employees who are about to retire; 3. needs of the retirees; 4. benefits they can get after retirement; and 5. allocation of their benefit-after retirement Faculty and employees who are 55 years old and above were the participants of the study. A list was taken from the Human Resource and Management Office of Cavite State University in Indang, Cavite. Means, frequencies, and percentages were the statistical tools used in the treatment of data specifically on the socio-economic characteristics, needs, benefits, benefits allocation, and pla.n of CvSU faculty and employees upon retirement. The age of the participants ranged from 55 to 65 years old. Eighty-five percent of the participants were females and only 15 percent were males. Majority (68%) were married. Fifty-one percent of the participants had one to three children. Sixty-six percent of the participants had household size ranging from four to six. Thirty seven percent of the participants have financial investment. Seventy four percent of the participants wanted to stay in their own home while two percent wanted to go to their home province and 18 percent want to move to different places. Fifty five percent of the participants wanted to continue working even if retired and 66 percent of the participants want to divide properties to the beneficiaries. Forty-four percent think that they can support the schooling of their grandchildren. Seventy nine percent of the participants wanted to travel after retirement and 53 percent wanted to support to charities. Sixty four percent want to have own business. Some of the participants responded that they will devote on community works, serve in churches, and support students for scholarship program. Majority of the participants (74%) stated that they would need medical attention after retirement. Most of the participants planned to allocate their pension benefits to house expenses, purchasing vehicle, food expenses, clothing expenses, pay loans, health care, -savings, and investment.