Pre – Retirement And Pension Planning
Organizations are faced with the challenge of separating with their employees at one time in the future. Many employees often seem unprepared for life after retirement and spend a significant part of their productive life worrying about it. Retirement results in changes in people’s lives as they ponder what to do after leaving formal employment. While this is not escapable, retirees can escape the suffering and consequences often suffered by preparing for retirement early. To do so requires a proactive approach to developing a retirement plan early enough in one’s career. Organizations also have the responsibility of helping their employees plan for their retirement. This not only makes the employees feel appreciated, it also leads to improved productivity.
Retirement planning programme will sensitize participants to proactively and strategically plan for their retirement needs. The programme is designed to facilitate a smooth transition to the new phase in life. An employee who starts saving early can also retire early in comfort.
Pension managers, officers and accountants. All cadres of employees who are about to retire either voluntarily, non-voluntarily or by age. Other employees are also encouraged to participate as a way of planning their retirement early.
At the end of the programme, participants will be able to:
- Assume accountability and responsibility for your retirement plan
- Profile your next theme of life that suits your character, interests, needs and current circumstances
- Develop your holistic retirement plans encompassing Spiritual-Physical-Intellectual-Career-Emotional-Social & Financial (SPICES/F) of life
- Make sound decisions to create (invest), protect (insure, etc.) and distribute (wills, etc.) your wealth to achieve your financial well-being targets
- Identify challenges faced by retirees;
- Examine strategies of managing personal finances including budgeting;
- Raise awareness of changes expected after retirement and discuss ways of coping with such changes;
- Plan and budget for pension provision;
- Explore and plan for opportunities in retirement;
US$ 1500 to cover tuition and training materials only.
Redesign programme into three phases (preferably with age limits)