Citation:

Gourav Mittal, Pardeep Gupta. "From Savings to Security: Understanding Retirement Planning Awareness Among Employees" International Research Journal of Economics and Management Studies, Vol. 4, No. 12, pp. 16-24, 2025. Crossref. http://doi.org/10.56472/25835238/IRJEMS-V4I12P103

Abstract:

This research analyses awareness of retirement planning products among India’s working force, including differences between different genders, the type of employment, and income per month. The data was gathered from 350 employees of the Delhi-NCR region using a structured questionnaire adopting a descriptive and analytical research design. Measures of central tendency (mean and standard deviation) were used for descriptive statistics, while skewness and kurtosis were included as indicators for overall knowledge using inferential statistics (t-tests and one-way ANOVA). National Savings Certificates (6%) have the lowest awareness in comparison to types of investment instruments, which include Employee Provident Fund (EPF), Bank Fixed Deposit, and Insurance Policies with 100%, 98% and 90% respectively. Women and government employees are more aware of structured retirement products, while higher income categories show a better understanding of diversified investment options. His results also underscore the necessity for focused financial education interventions to overcome unfamiliarity with non-traditional retirement products and to promote better-informed decision-making by employees.

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Keywords:

Retirement Planning, Financial Awareness, Employee Provident Fund, Investment Options.