Factor enhancing employee saving plan for retirement : a case study in employee of private and government sector in Negeri Sembilan / Nur Suhaili Noordin

Retirement savings plan is very important thing because it has been able to secure employee post-retirement during post-retirement (Arunagairi & Faudziah). As an employee either from private or government sector should prepare and plan carefully for retirement that will be faced in future. This study is to find out Factor Enhancing Employee Saving Plan for Retirement : A case study in employee of private and government sector in Negeri Sembilan. Purpose of this study to determine the relationship between independent variable consist of goal clarity, financial knowledge and literacy, attitude toward retirement and retirement confidence while dependent variable is employee retirement savings plan. Survey shows most of the employee has lack of knowledge and literacy in preparing for savings retirement. In this study, 100 of employee from private and government sector have been involved in this study. Moreover, objective of the study is to find out factors that enhancing employee of private and government sector towards retirement saving plan. Result shows that, attitude toward retirement variable is the most significant compared with other variables. Not only that, three hypothesis are accepted in this study while one of its which is financial knowledge and literacy is rejected due no significant relationship of dependent variable. Furthermore, the result of this study also have implications for workers involved in any planning for early retirement saving.