Authors : Sulemana Mohammed

Volume/Issue : Volume 8 - 2023, Issue 11 - November

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DOI : https://doi.org/10.5281/zenodo.10185173

Abstract : Retirement is a very crucial stage in employees’ life thus it very imperative for employees to fully understand the various factors that have bearing on retirement life, hence its satisfaction. In effect this study sought to examine how life after retirement is managed. The study focused on finding out the various retirement preparatory mechanisms that employees put in place priori to their retirement and the effect these mechanisms have on their financial, physical and social health. The study was limited to retired military operatives of the Ghana Armed Forces who are domiciled in the Sunyani area of Ghana. The results showed that most of the respondents did not receive any training on retirement planning, however, most of them have fair idea as to what financial, physical and social planning towards retirement is about. In order of priority, the results indicated that the respondents focused more on physical planning followed by financial and social planning. In furtherance, it was found that the preparatory mechanisms used by the retired military operatives have significant effect on their financial, physical and social health. In conclusion, the researcher recommended that military operatives should be offered better training on retirement planning during their service in the armed forces to facilitate a healthy life and satisfaction with retirement.

Keywords : Retirement, Retirement Preparation Mechanisms, Financial Health, Physical Health, Social Health,