Factors Associated with Employees’ Choice of Mandatory Retirement Plan: The Case of Malaysian Public Universities

Abstract

This study examines the factors that influence public sector employees in making adecision to enroll in either one of the two types of mandatory retirement plans. A surveyof 348 Malaysian public universities employees was conducted, and the data obtainedwere analyzed using a logistic regression model. The results show that knowledge, planfeature, sources of retirement income, health status, job mobility, and extending workare the contributing factors of the choice of the retirement plan. Apart from extendingthe extant literature on retirement plan, this study provides further understanding ofthe employees’ retirement decision in a different scenario of retirement systems.