RETIREMENT BENEFITS AND INTENTION OF STAY AMONG CIVIL SERVANTS IN RIVERS STATE

Abstract

This work examined the relationship between retirement benefits and intention to stay among civil servants in Rivers State. Objectives of the study were to examine how dimensions of retirement benefits such as gratuity and pension relate with measures of intention to stay such as loyalty and pride on the work. The study adopted the survey research design. The target population for this study comprised of 2256 civil servants in Rivers State. The sample size of 331 was obtained using the Krejcie and Morgan Sample Size Determination Table of1970. Data were collected through primary (questionnaire). A structured questionnaire designed in four point likert rating scale format was adopted for the collection of data. Out of 331 questionnaires administered, the researcher was able to retrieve 304 copies. Spearman Ranking (r) was used for the test of hypotheses via SPSS Version 23.0. The findings revealed that gratuity and pension are significantly related with intention to stay (loyalty and pride on the works) among civil servants in Rivers State. The study concluded that there is a significant relationship between retirement benefits and intention to stay among civil servants in Rivers State. The study recommended among others there should be restructuring that can add more packages for the gratuity of retirees so as to enhance loyalty among active civil servants in public organizations; Gratuity should be promptly paid to retirees sd as to impel others who are yet to be retired work for the organization even when they see other offjers beckoning on them, thus taking pride to their work