RETIREMENT FUND PAYMENT SYSTEM BASED ON FINANCIAL LITERACY LEVEL AMONG CIVIL SERVANTS IN GORONTALO PROVINCE
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Sulistiawati Adam(1*)
Department of Management, Faculty of Economics and Business, Gorontalo State University
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Hais Dama(2)
Department of Management, Faculty of Economics and Business, Gorontalo State University
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Yayu Isyana Pongoliu(3)
Department of Management, Faculty of Economics and Business, Gorontalo State University
(*) Corresponding Author
Keywords:
Financial Literacy, Retirement Fund Payment System, Civil Servant
Abstract
This study aims to determine the influence of financial literacy levels on the retirement fund payment system. This research uses a descriptive quantitative method. The population is 31,800 civil servants (ASN) in Gorontalo, including civil servants from Gorontalo Provincial Government and Gorontalo Regency/City Governments. The sample size selected is 100 civil servants. The data collection technique uses questionnaires/surveys. Data analysis techniques include descriptive statistical analysis, goodness-of-fit, overall model fit test, Wald test, coefficient of determination, and hypothesis testing using logistic regression. Based on the research, it is found that financial literacy levels partially influence the retirement fund payment system. Civil servants with low financial literacy levels tend to prefer a monthly pension fund payment system, while those with high financial literacy levels prefer a lump-sum retirement fund payment system. Finally, those with average financial literacy prefer a monthly retirement fund payment system.
Keywords: Financial Literacy; Retirement Fund Payment System; Civil Servant
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References
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Amri, Y., Rijanta, R., & Listyaningsih, U. (2022). Faktor Sosial Dan Demografi Yang Berhubungan Dengan Pekerja Lansia Di Indonesia. Jurnal Litbang Sukowati : Media Penelitian Dan Pengembangan, 5(2), 1–11.
https://doi.org/10.32630/sukowati.v5i2.188
Anderson, A., Baker, F., & Robinson, D. T. (2017). Precautionary savings, retirement planning and misperceptions of financial literacy. Journal of Financial Economics, 126(2), 383–398. https://doi.org/10.1016/j.jfineco.2017.07.008
Anderson, A., Baker, F., & Robinson, D. T. (2019). Precautionary Savings, Retirement Planning And Misperceptions Of Financial Literacy. Journal of Financial Economics, 126(2), 383–398. http://www.nber.org/papers/w21356
Djamhari, E. A., Layyinah, A., & Ramdlaningrum, H. (2020). Kondisi Kesejahteraan Lansia Dan Perlindungan Sosial Lansia Di Indonesia. In Kondisi Kesejahteraan Lansia Dan Perlindungan Sosial Lansia Di Indonesia.
Fazli, S., M., & Tze J. T. (2014). The influence of financial literacy, saving behaviour, and financial management on retirement confidence among women working in the Malaysian public sector. Asian Social Science, 10(14), 40–51. https://doi.org/10.5539/ass.v10n14p40
Gangwar, R., & Singh, R. (2018). Analyzing Factors Affecting Financial Literacy and Its Impact on Investment Behavior Among Adults in India. SSRN Electronic Journal, 89452. https://doi.org/10.2139/ssrn.3266655
Ghozali. (2018). Aplikasi Analisis Multivariate Dengan Program IBM SPSS 25 Edisi 9 (p. 490).
Gio, P. U., & Rosmaini, E. (2016). Belajar Olah Data Dengan Spss, Minitab, R, Microsoft Excel, Eviews, Lisrel, AMOS, dan SMARTPLS (disertai beberapa contoh perhitungan manual).
Grimbert, F., & Roring, A. P. (2024). Analisis Penyebab Penurunan Angka Kelahiran Di Tiongkok 2017-2023. Multikultura, 3(3), 10–13.
https://doi.org/10.7454/multikultura.v3i3.1039
Hanafie, H. (2014). Alternatif Sistem Pembayaran Pensiun Pegawai Negari Sipil. Kebijakan Dan Manajemen PNS, 8(2), 43–50.
Hastings, J. S., Madrian, B. C., & Skimmyhorn, W. L. (2013). Financial literacy, financial education, and economic outcomes. Annual Review of Economics, 5, 347–373. https://doi.org/10.1146/annurev-economics-082312-125807
Jannah, M. (2015). Faktor-faktor yang mempengaruhi Kegagalan Usaha. 6(1), 25–42.
Kementerian Keuangan Republik Indonesia. (2023). LKPP Tahun 2022 (Audited) | i. https://www.kemenkeu.go.id/informasi-publik/laporan/laporan-keuangan-pemerintah-pusat
Lusardi, A., Mitchell, O., & Mitchell, O. S. (2007). Panel.
Lusardi, A., Schneider, D., & Tufano, P. (2012). Financially Fragile Households: Evidence and Implications. SSRN Electronic Journal. https://doi.org/10.2139/ssrn.1809708
Mahriani, E. (2019). Sistem pembayaran transaksi keuangan di kalimantan selatan. Proceeding Antasari International Conference.
Marganingsih, A., & Pelipa, E. D. (2022). Analisis Tingkat Literasi Keuangan Mahasiswa Program Studi Pendidikan Ekonomi. Jurnal Ekonomi Dan Bisnis Digital, 1(2), 89–100. https://doi.org/10.55927/ministal.v1i2.310
Niu, G., Zhou, Y., & Gan, H. (2020). Financial literacy and retirement preparation in China. Pacific Basin Finance Journal, 59(February).
https://doi.org/10.1016/j.pacfin.2020.101262
OJK. (2018). Dana Pensiun. Otoritas Jasa Keuangan.
OJK. (2021). Strategi Nasional Literasi Keuangan Indonesia (SNLKI) 2021 - 2025. Ojk.Go.Id, 1–130.
https://www.ojk.go.id/id/berita-dan-kegiatan/publikasi/Pages/Strategi-Nasional-Literasi-Keuangan-Indonesia-2021-2025.aspx
Perwira, D., Arifianto, A., Suryahadi, A., & Sumarto, S. (2003). Perlindungan Tenaga Kerja Melalui Sistem Jaminan Sosial. Smeru Kertas Kerja, 1–39.
https://smeru.or.id/sites/default/files/publication/jamsostek.pdf
Rizki, K., & Hariadi, M. C. (2021). Pandangan Hak Asasi Manusia Terhadap Kebijakan Two Child Policy Presiden Xi-Jinping. Indonesian Journal of Peace and Security Studies (IJPSS), 3(2), 11–27. https://doi.org/10.29303/ijpss.v3i2.81
Rustika, & Riyadina, W. (2000). Profil penduduk usia lanjut di indonesia. In Media Litbang Kesehatan (Vol. 10, Issue 2, pp. 16–26).
Sugiono. (2018). Metode Penelitian Manajemen (Setiayawami (ed.)). Alfabeta.
Supoyo., Ulupui, I. G. K. A., & Buchdadi, A. D. (2022). Influence of Financial Literacy and Family Education on Retirement Planning with Saving Behavior as Intervening Variable: Case Study at Employees of Angkasa Pura Company. The International Journal of Social Sciences World, 4(1), 352–364.
https://doi.org/10.5281/zenodo.6926544
TNP2K, & Kemenkes RI, K. K. (2020). Situasi lansia di Indonesia dan akses terhadap program perlindungan sosial: In Kementrian Kesehatan RI (Vol. 10, Issue 2). http://tnp2k.go.id/download/87694Laporan Studi Lansia - Analisis Data Sekunder.pdf
Trisnayanti, N. P., Murjana Yasa, I. G. W., & Sudibia, I. K. (2024). Faktor-Faktor Yang Mempengaruhi Kesejahteraan Lansia Di Kecamatan Penebel, Kabupaten Tabanan. E-Jurnal Ekonomi Dan Bisnis Universitas Udayana, 13(5), 868. https://doi.org/10.24843/eeb.2024.v13.i05.p02
Ulfah, M. (2019). Pengaruh ukuran perusahaan klien, opini audit, ukuran KAP, pergantian manajemen terhadap auditor switching: Studi empiris pada perusahaan perbankan yang terdaftar di Bursa Efek Indonesia. 15.
http://etheses.uin-malang.ac.id/1877/6/10520092_Bab_3.pdf
Yushita, A. N. (2017). Pentingnya Literasi Keuangan Bagi Pengelolaan Keuangan Pribadi. Nominal, VI(1), 11–26.
Published
2025-03-01
How to Cite
Adam, S., Dama, H., & Pongoliu, Y. (2025). RETIREMENT FUND PAYMENT SYSTEM BASED ON FINANCIAL LITERACY LEVEL AMONG CIVIL SERVANTS IN GORONTALO PROVINCE. Journal of Management : Small and Medium Enterprises (SMEs), 18(1), 461-471. https://doi.org/10.35508/jom.v18i1.15418
Section
Articles
