Abstract:
There is unpopular belief among Ghanaians that proceeding on retirement especially
in the Ghana Education Service connotes signing one‟s death warrant because of lack
of preparation and poor condition of service. The main objective of the study was to
assess the state of preparedness toward retirement planning among teachers in the
Afadzato South District second cycle institutions and how it will guarantee their wellbeing
after exiting from active employment.Homogenous sampling strategy was used
to select seventeen (17) teachers in all the six second cycle schools in the district who
had less than ten years to retire. An Interview Guide with semi-structured questions
was used. The study showed that although there were some kinds of preparedness, it
was concentrated solely on securing housing and accommodation and business
ventures at retirement. The study discovered that the participants had the desire to stay
in their own houses at retirement so, drastic measures were put in place to find tune to
their building projects. Even though, some were in their own houses at the time of this
study, majority were at various stages of completion. Self-containedhousesare the
preferred dream houses to be built by the teachers. There was no much preparation
toward children‟s education at retirement as the teachers had no clear plans. This was
due to low salaries of the teachers coupled with so many responsibilities from
extended families. It also came to light that, majority had no plan toward their health
needs at retirement. It was only the National Health Insurance Scheme (NHIS) that
they subscribed unto and no extra preparation in that regard.The teachers were
however hopeful that, God would give them good health at retirement. Doing business
at retirement was critical to all participants so, much advance preparations were
made.Majoritywasalready into some sort of business and they indicated their desire to
continue it at retirement.Therefore, for holistic preparedness at retirement, measures
such as periodic seminars on retirement planning for teachers and improvement
packages for teachers must be considered.
Description:
A thesis in the Department of Social Studies Education, Faculty of Social Sciences, submitted to the School of Graduate Studies in partial fulfillment of the requirements for the award of the degree of Master of Philosophy (Social Studies Education) in the University of Education, Winneba
AUGUST, 2021