Gratuity Investment Plan and Retirement Life of Civil Service Retirees in Rivers State, Nigeria.

Fred, Enobong Udoh, Kpurunee, Leton Gold


The study examined the relationship between gratuity investment plan and retirement life of civil service retirees in Rivers State. The aim of the study was to examine the impact of gratuity investment plan on retirement life of civil service retirees in Rivers State. A sample size of 375 from a population of retirees were sampled. Data were obtained using questionnaire as the research instrument. Two null hypotheses were stated and tested using the Pearson Product Moment Correlation Coefficient (PPMC). Findings revealed that Gratuity Investment Plan, significantly influences the two measures of retirement Life (Financial Status and Health Status). In conclusion, it was stated that gratuity investment plan, if managed adequately, has the potential to better the retirement lives of retirees by enhancing their financial and health status. Its provisions are as such necessary and imperative for a more fulfilling retirement life of workers in the Nigerian Civil Service.

Keywords: Financial Status, Gratuity Investment Plan, Health Status, Pension scheme, Retirement life.

DOI: 10.7176/EJBM/11-24-12

Publication date: August 31st 2019

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