Financial plan and preparation for retirement of public school teachers in sixth district of Cavite: a basis for financial stability / by Dianne P. Garcia.

By: Contributor(s): Material type: TextTextLanguage: English Publication details: Indang, Cavite : Cavite State University- Main Campus, 2017.Description: xiii , 46 pages : illustrations ; 28 cmContent type:
  • text
Media type:
  • unmediated
Carrier type:
  • volume
Subject(s): DDC classification:
  • 332.024  G16 2017
Online resources: Production credits:
  • College of Economics, Management and Development Studies (CEMDS), Department of Management
Abstract: GARCIA, DIANNE P., GATDULA, ZAIRAH MAE A., and QUINTO, GENEVIEBE A. Financial Plan and Preparation for Retirement of Public School Teachers in Sixth District of Cavite: A Basis for Financial Stability. Undergraduate Thesis. Bachelor of Science in Business Management. Cavite State University, Indang, Cavite. May 2017. Adviser: Dr. Florindo C. Ilagan. This study was conducted in different public elementary schools in Sixth District of Cavite specifically in Trece Mart es City, Tanza, General Trias and Amadeo, from January 2017 to March 2017, to evaluate the financial plans and financial preparations of teachers. Specifically the study aimed to, (1) identify the socio-economic profile of the participants; (2) identify the financial preparations made by public elementary school teachers for their retirement in terms of their cash savings, investments, retirement savings and expenditures; (3) determine the financial plan of public elementary school teachers for their retirement (4) determine the financial stability of the public school teachers upon retirement; and (5) ascertain the significant difference in the financial preparation for retirement when teachers are grouped according to socio-economic profile. Survey questionnaire was used to gather data from 100 public school teachers. Quota sampling was used to determine the sample size. Findings showed that in the financial preparation for retirement of the participants, majority of the participants have personal savings at home and savings account in bank. They mostly contribute to health insurance and everyone has contributed in GSIS, PhilHealth and PagIbig through salary deduction. Very few have investments in stocks and bonds. In terms of their expenditures, majority of their income were allocated to food under essential needs while clothing and hair care under non- essential expenditures and majority were paying off their debts. The public school teachers preferred to retire at the age of 62. Most of them were planning to retire without financial obligation and planning to minimize their expenditures in preparation for retirement. There was a likelihood of being financially stable after retirement. A significant difference in the financial preparation when teachers were grouped according to their civil status was found.
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Item type Current library Collection Call number Materials specified Status Notes Date due Barcode
Theses / Manuscripts Theses / Manuscripts Ladislao N. Diwa Memorial Library Theses Section Non-fiction 332.024 G16 2017 (Browse shelf(Opens below)) Room use only T-7020 00077236

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

GARCIA, DIANNE P., GATDULA, ZAIRAH MAE A., and QUINTO, GENEVIEBE A. Financial Plan and Preparation for Retirement of Public School Teachers in Sixth District of Cavite: A Basis for Financial Stability. Undergraduate Thesis. Bachelor of Science in Business Management. Cavite State University, Indang, Cavite. May 2017. Adviser: Dr. Florindo C. Ilagan.
This study was conducted in different public elementary schools in Sixth District of Cavite specifically in Trece Mart es City, Tanza, General Trias and Amadeo, from January 2017 to March 2017, to evaluate the financial plans and financial preparations of teachers. Specifically the study aimed to, (1) identify the socio-economic profile of the participants; (2) identify the financial preparations made by public elementary school teachers for their retirement in terms of their cash savings, investments, retirement savings and expenditures; (3) determine the financial plan of public elementary school teachers for their retirement (4) determine the financial stability of the public school teachers upon retirement; and (5) ascertain the significant difference in the financial preparation for retirement when teachers are grouped according to socio-economic profile.
Survey questionnaire was used to gather data from 100 public school teachers. Quota sampling was used to determine the sample size. Findings showed that in the financial preparation for retirement of the participants, majority of the participants have personal savings at home and savings account in bank. They mostly contribute to health insurance and everyone has contributed in GSIS, PhilHealth and PagIbig through salary deduction. Very few have investments in stocks and bonds. In terms of their expenditures, majority of their income were allocated to food under essential needs while clothing and hair care under non- essential expenditures and majority were paying off their debts. The public school teachers preferred to retire at the age of 62. Most of them were planning to retire without financial obligation and planning to minimize their expenditures in preparation for retirement. There was a likelihood of being financially stable after retirement. A significant difference in the financial preparation when teachers were grouped according to their civil status was found.

Submitted to the University Library September 06, 2017 T-7020

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