Achyut Bikram Hamal*, Arjun B Hamal and Jharana Shah
Introduction: The retirement decision usually occurs late in life in case of government employees and can significantly affect an individual’s well-being for many years. There are many reasons and issues for retirement decision for a government official. Financial and health concerns are a major part of the retirement decision but there are other issues that bring about the retirement decision that are unrelated to an individual’s financial and health status. In Nepal majority of government workers have compulsory retirement due to age concern.
Methodology: A descriptive cross-sectional research methodology was used in this study.
Results: About 85% of the retired employees attending pension management office were male which was due to absence of female inclusiveness in employment before 2006. Most of them (57.1%) of the retired employees had no extra household income other than the pension and they had to depend upon the pension they receive. There were several reasons for the retirement. The most common reason for being retired was the compulsory retirement which was followed by the reasons of poor health and family problems each counting about 14.2%. Most of the retired employees i.e., 48.5% rated the retirement program as fair and about 42% rated it as poor.
Conclusion: Thus, it is necessary to have a scientific evaluation of the concepts of retirement and the amendments in the existing policies for the welfare of the nation and the public. Preserving the skilled and productive manpower in civil service is equally important as the nation has greater effort in building them up in terms of career and capacity.
Published Date: 2024-09-13; Received Date: 2019-08-13