READINESS OF PRE-RETIREMENT EMPLOYEES TO FACE RETIREMENT: THE ROLE OF INDIVIDUAL FACTORS AND ORGANIZATIONAL FACTORS WITH SOCIAL SUPPORT AS MODERATING VARIABLE (Studies of Civil Servants in North Sulawesi, Indonesia)

Abstract

Retirement should be a time to look forward by employees because they can take a break from the duties and responsibilities of his job after such a long time to serve. But some studies show that not all employees turned out to be ready to face the coming pension. This study aims to determine the effect of individual factors and organizational factors as well as social support towards the readiness of pre-retirement employees towards retirement. The research was conducted on civil servants who will retire in North Sulawesi province, Indonesia. By using purposive sampling techniques, this research obtained 106 respondents, but only 100 respondents who complete answer were used in the data analysis. The process of the data analysis done by using a software of SPSS for Window version 20.0.
The results of this study indicate that individual factors such as retirement preparation and preparation of substitute activities significantly influence the retirement readiness. While organizational factors such as the retirement preparation programs do not affect the retirement readiness. Social support was found play a role as a moderating variable between individual factors with retirement readiness. But on the other hand, Social support as a moderating variable between organizational factors with retirement readiness in this study was not supported.

Keywords: retirement readiness, financial preparation, preparation of substitute activities, retirement benefits, social support.