Main Article Content
Abstract
Background: One of the phenomena surrounding Indonesian society is the lack of awareness of pension fund planning, so there are often financial problems in retirement. This activity aims to educate the public about the importance of independent pension fund planning, especially private employees. Method: This activity was carried out at SMK Terpadu Putra Jaya Batam with 25 participants. This activity lasted for six weeks, with the intervention providing education on pension fund planning and calculating pension fund needs independently. This series of activities consists of a pretest, material description, discussion session, and post-test. Results: This activity increased participants' understanding of the importance of independent pension fund planning for private employees. The pretest results showed that participants who understood and were interested in planning pension funds only amounted to 5%. The post-test results showed that 98% of participants understood and intended to prepare pension funds. Participants also learned about calculating the time value of money for pension funds and choosing suitable investments. Conclusion: The participants were very enthusiastic about participating in this activity which was shown by an increased understanding and interest in planning pension funds independently. Even though they already have high knowledge, private employees should also be able to control themselves to have good retirement fund planning.
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© 2022 Oleh authors. Lisensi Jurnal Solma, LPPM-Uhamka, Jakarta. Artikel ini bersifat open access yang didistribusikan di bawah syarat dan ketentuan Creative Commons Attribution (CC BY) license. (http://creativecommons.org/licenses/by/4.0/).
References
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References
Adhi, P. T. (2023). Financial Literacy and Financial Planning for Retirement " Case Studies. 3(2), 291–301, https://doi.org/10.55927/mudima.v3i2.2320
BPS. (2022). Statistik Indonesia 2022. Badan Pusat Statistik.
BPS. (2021). Statistik Penduduk Lanjut Usia. Badan Pusat Statistik.
Gallego-Losada, R., Montero-Navarro, A., Rodríguez-Sánchez, J. L., & González-Torres, T. (2022). Retirement planning and financial literacy, at the crossroads. A bibliometric analysis. Finance Research Letters, 44(C). https://doi.org/10.1016/j.frl.2021.102109
Harahap, S., Thoyib, A., Sumiati, S., & Djazuli, A. (2022). The Impact of Financial Literacy on Retirement Planning with Serial Mediation of Financial Risk Tolerance and Saving Behavior: Evidence of Medium Entrepreneurs in Indonesia. International Journal of Financial Studies, 10(3), 66, https://doi.org/10.3390/ijfs10030066
Hutabarat, A. S. S., & Wijaya, C. (2020). Analysis the effect of financial literacy on financial planning for retirement (case study lecturers and administrative staffs in Universitas Indonesia). International Journal of Management, 11(5), 741–750, https://doi.org/10.34218/IJM.11.5.2020.066
Jee Yoong, F., & Baranovich, D.-L. (2012). Financial education: Determinant of retirement planning in malaysia Health care View project Personality, PTSD and Recreational Engagement View project. March 2016.
Kadir, J. M. A., Zainon, S., Ismail, R. F., Aziz, S. N. A., & Amran, A. A. I. (2020). Retirement Planning and its Impact on Working Individuals. European Journal of Molecular and Clinical Medicine, 7(6), 1550–1559.
Kim, K. T., Hanna, S. D., & Chen, S. C.-C. (2014). Consideration of retirement income stages in planning for retirement. Journal of Personal Finance, 13(1), 52–64.
Lusardi, A., & Mitchell, O. S. (2017). How Ordinary Consumers Make Complex Economic Decisions: Financial Literacy and Retirement Readiness. Quarterly Journal of Finance, 7(3). https://doi.org/10.1142/S2010139217500082
Niu, G., Zhou, Y., & Gan, H. (2020). Financial literacy and retirement preparation in China. Pacific Basin Finance Journal, 59(May 2019), 101262. https://doi.org/10.1016/j.pacfin.2020.101262
Otoritas Jasa Keuangan. (2021). Strategi Nasional Literasi Keuangan Indonesia (SNLKI) 2021 - 2025. Ojk.Go.Id, 1–130. Diakses pada: https://www.ojk.go.id/id/berita-dan-kegiatan/publikasi/Pages/Strategi-Nasional-Literasi-Keuangan-Indonesia-2021-2025.aspx
Padmajaya, D., & Juwita, R. (2016). Analisis Pengaruh Faktor-Faktor Literasi Keuangan terhadap Perencanaan Keuangan untuk Menghadapi Masa Pensiun Guru (Studi Kasus SMK Negeri 1 Kota Palembang), x, 1–13.
Sandra, K. D., & Kautsar, A. (2021). Analisis Pengaruh Financial Literacy, Future Orientation, Usia dan Gender terhadap Perencanaan Dana Pensiun PNS di Kota Surabaya. Jurnal Ilmu Manajemen, 9(1), 217. https://doi.org/10.26740/jim.v9n1.p217-227
Sufian, M. (2016). the Factors Influencing Retirement Planning Management (Rpm) Among Sime Darby Research Employees: a Conceptualframework. Jurnal Inovasi Perniagaan, 1(1), 1–14.
Yeh, T. ming, & Ling, Y. (2022). Confidence in Financial Literacy, Stock Market Participation, and Retirement Planning. Journal of Family and Economic Issues, 43(1), 169–186. https://doi.org/10.1007/s10834-021-09769-1