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A Study on Retirement and Pre-Retirement Planning

A Study on Retirement and Pre-Retirement Planning
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Author(s): S. Sangeetha (Sri Krishna Arts and Science College, Coimbatore, India)
Copyright: 2026
Pages: 14
Source title: Strategies for Effective Employee Rewards and Compensation Management
Source Author(s)/Editor(s): Wasantha Rajapakshe (Sri Lanka Institute of Information Technology, Sri Lanka)
DOI: 10.4018/979-8-3373-3820-0.ch007

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Abstract

This study explores the historical development, available schemes, benefits of retirement and pre-retirement planning in India. Using a sample size of 50 respondents, the research evaluates awareness, participation, and satisfaction levels among individuals regarding retirement schemes, while also identifying barriers such as financial illiteracy, insufficient income, and limited trust in institutional mechanisms. The study leverages descriptive statistics to analyse variables like income, education, and trust in government and private retirement. The research emphasizes the role of family, leadership, and institutional support in promoting retirement planning. Strategies like early education on financial literacy, customized schemes for diverse income groups, and enhanced transparency in government initiatives are recommended. The study concludes that organizations, financial institutions, and policymakers must collaborate to create a more inclusive and accessible retirement planning ecosystem, ensuring financial security and independence for individuals across all demographics.

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