Retirement Planning and Psycho-Social Adjustment in Post-Working Years Among Teachers in the Tarkwa Municipality, Ghana



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Submitted Jun 7, 2022
Published Aug 11, 2022
10.24018/ejdevelop.2022.2.4.115

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The study examined the effect of retirement planning on psycho-social adjustment during retirement among teacher retirees in the Tarkwa Municipality. The study was mainly a descriptive survey employing the qualitative approach to inquiry. Nineteen (19) retired teachers were selected using the purposive sampling technique. Data was collected using a semi-structured interview protocol and was analysed using content analysis. It was found that Ghana Education Service (GES) did not organise retirement seminars for the retirees prior to retirement, however, they were able to do some financial preparation for retirement though not inadequate. Also, those who did adequate planning were psychologically well adjusted. It was recommended that the GES through the Guidance and Counselling Unit, Financial Institutions, Non-Governmental Organisations (NGOs), and other stakeholders organise workshops and seminars to empower teachers for proper planning and adjustment towards retirement.

Keywords: Counselling, Financial Planning, Psycho-Social Adjustment, Retirement.

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