The Influence of Financial Literacy, Financial Attitude and Financial Management on Pension Fund Planning  in Sleman Regency

Jualian Sundari; Nilmawati Nilmawati

doi:10.32535/jicp.v7i4.3734

The Influence of Financial Literacy, Financial Attitude and Financial Management on Pension Fund Planning in Sleman Regency

Jualian Sundari, Nilmawati Nilmawati

Abstract

The process of allocating funds to prepare for future life in order to ensure wellbeing in old age is known as financial planning for retirement. To do that, one must understand the factors that should be taken into account while creating a retirement account. The purpose of this research is to ascertain how financial management, financial attitude, and financial literacy affect Sleman Regency's community retirement fund planning. Convenience sampling was the method of sample, and up to 100 respondents who lived in Sleman Regency were used. This study employs a quantitative methodology, using primary data gathered via a trustworthy and validated questionnaire. This study use multiple linear regression analysis as its data analysis strategy.The study's findings demonstrate the beneficial and noteworthy impact that financial management and literacy have on Sleman Regency's community retirement fund planning. Retirement fund planning, however, is unaffected by one's financial outlook

Full Text:

PDF

References

Aluodi, E., Njuguna, A., & Omboi B. (2017). Effect of Financial Literacy on Retirement Preparedness among Employees in the Insurance Sector in Kenya. International Journal of Business and Management. 12 (10), 242-251. doi:10.5539/ijbm.v12n10p242

Bado, B., Hasan, M., Tahir, T., & Hasbiah, S. (2023). How do Financial Literacy, Financial Management Learning, Financial Attitudes and Financial Education in Families Affect Personal Financial Management in Generation Z? International Journal of Professional Business Review, 8(5), e02001. https://doi.org/10.26668/businessreview/2023.v8i5.2001

Bandura, A. (1997). Self-efficacy - The Exercise of Control, New York: W.H. Freeman and Company.

Chua, S. M., & Chin, P. N. (2022). What drives working adults to be better prepared for their retirements ? Managerial Finance, 48(9), 1317–1333. https://doi.org/10.1108/MF-07-2021-0327

Fadila, F. N., & Usman, B. (2022). Pengaruh Literasi Keuangan, Perilaku Keuangan dan Intensi Strategi Pensiun Terhadap Perencanaan Pensiun pada Karyawan di Jabodetabek. Jurnal Ilmiah Manajemen Bisnis Dan Inovasi Universitas Sam Ratulangi, 9(3), 1685–1707.

Gozali I, Aplikasi analisis multivariate dengan SPSS. Badan Penerbit UNDIP Semarang. 2005.

Kohar, M. A. (2022). Literasi Keuangan, Pengelolaan Keuangan dan Sikap Menabung Pengaruhnya Terhadap Perencanaan Dana Pensiun Melalui Variabel Moderasi Tingkat Pendidikan. BALANCE: Economic, Business, Management and Accounting Journal, 19(2), 100. https://doi.org/10.30651/blc.v19i2.11175

Laily, N. (2016). Pengaruh Literasi Keuangan Terhadap Perilaku Mahasiswa Dalam Mengelola Keuangan. Journal of Accounting and Business Education, 1(4). https://doi.org/10.26675/jabe.v1i4.6042

Lukito, I., Gestu, R. L., & Lee, A. (2023b). Pengaruh Pengelolaan Keuangan terhadap Perencanaan Dana Pensiun pada Keluarga dan Pekerja di Batam. Jurnal Pengabdian Kepada Masyarakat Nusantara (JPkMN), 4(1), 1641– 1648. http://ejournal.sisfokomtek.org/index.php/jpkm/article/view/1130

Moorthy, M. K., & Kai, N. Z. (2012). A Study on the Retirement Planning Behaviour of Working Individuals in Malaysia. International Journal of Academic Research in Economics and Management Sciences, 1(2).

Nuryana, I., & Rahmawati, N. (2020). Perilaku pengelolaan keuangan. Jurnal Pendidikan Ekonomi, 9(1), 174. https://doi.org/10.15294/eeaj.v9i1.37246

OJK. (2017a). Peraturan Otoritas Jasa Keuangan Nomor 5 /POJK.05/2017 Tentang Iuran, Manfaat Pensiun, dan Manfaat Lain yang Diselenggarakan oleh Dana Pensiun. 1–46.

OJK. (2017b). Strategi Nasional Literasi Keuangan Indonesia (Revisit 2017).

OJK, 1–99.OJK. (2023). Roadmap Pengembangan Dana Pensiun Indonesia 2023-2027. Otoritas Jasa Keuangan Asosiasi Dana Pensiun Indonesia Perkumpulan Dana Pensiun Lembaga Keuangan

Putri, N. A., & Lestari, D. (2019). Pengaruh Gaya Hidup dan Literasi Keuangan Terhadap Pengelolaan Keuangan Tenaga Kerja Muda di Jakarta. AKURASI: Jurnal Riset Akuntansi Dan Keuangan, 1(1), 31–42. https://doi.org/10.36407/akurasi.v1i1.61

Ramadhanty, G. (2022). Pengaruh Kontrol, Sikap Keuangan, Dan Strategi Pensiun Terhadap Rencana Pensiun Dimoderasi Oleh Jenis Kelamin Pada Kalangan Dewasa Muda. Business Management Analysis Journal (BMAJ), 5(1), 24–42. https://doi.org/10.24176/bmaj.v5i1.7184

Safari, K., Njoka, C., & Munkwa, M. G. (2021). Financial literacy and personal retirement planning: a socioeconomic approach. Journal of Business and Socio-Economic Development, 1(2), 121–134. https://doi.org/10.1108/jbsed-04-2021-0052

Sandra, K. D., & Kautsar, A. (2021). Analisis Pengaruh Financial Literacy, Future Orientation, Usia dan Gender terhadap Perencanaan Dana Pensiun PNS di Kota Surabaya. Jurnal Ilmu Manajemen, 9(1), 217. https://doi.org/10.26740/jim.v9n1.p217-227

Singh, D., Barreda, A. A., Kageyama, Y., & Singh, N. (2019). The Mediating Effect of Financial Self-Efficacy on the Financial Literacy-Behavior Relationship: A Case of Generation Y Professionals. The Economics and Finance Letters, 6(2), 120–133. https://doi.org/10.18488/journal.29.2019.62.120.133

Stolper, O. A., & Walter, A. (2017). Financial literacy, financial advice, and financial behavior. Journal of Business Economics, 87(5), 581–643. https://doi.org/10.1007/s11573-017-0853-9

Sufian, M. (2016). the Factors Influencing Retirement Planning Management (Rpm) Among Sime Darby Research Employees: a Conceptualframework. Jurnal Inovasi Perniagaan, 1(1), 1–14. http://journal.kuim.edu.my/index.php/JBI/article/view/145/129

Tabita, J., & Marlina, M. A. E. (2023). Pengaruh Financial Literacy Dan Financial Attitude Terhadap Perilaku Perencanaan Keuangan Masa Pensiun Pada Generasi Sandwich Di Surabaya. Media Akuntansi Dan Perpajakan Indonesia, 5(1), 39–56. https://doi.org/10.37715/mapi.v5i1.4165

Tomar, S., Baker, H. K., Kumar, S., & Hoffmann, A. O. I. (2021). Psychological determinants of retirement financial planning behavior. Journal of Business Research, 133(May), 432–449. https://doi.org/10.1016/j.jbusres.2021.05.007

Topa, G., Moriano, J. A., Depolo, M., Alcover, C. M., & Morales, J. F. (2009a). Antecedents and consequences of retirement planning and decision-making: A meta-analysis and model. Journal of Vocational Behavior, 75(1), 38–55. https://doi.org/10.1016/j.jvb.2009.03.002

Topa, G., Moriano, J. A., Depolo, M., Alcover, C. M., & Morales, J. F. (2009b). Antecedents and consequences of retirement planning and decision-making: A meta-analysis and model. Journal of Vocational Behavior, 75(1), 38–55. https://doi.org/10.1016/j.jvb.2009.03.002

Wang, P. (2023). Pengaruh Literasi Keuangan, Pengelolaan Keuangan, dan Sikap Keuangan Terhadap Perencanaan Pensiun Masyarakat Kota Batam. Akunesa: Jurnal Akuntanasi Unesa, 11(3), 279–289

DOI: https://doi.org/10.32535/jicp.v7i4.3734

Refbacks

There are currently no refbacks.

This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.

Published by:

AIBPM Publisher

Editorial Office:

JL. Kahuripan No. 9 Hotel Sahid Montana, Malang, Indonesia
Phone:+62 341 366222
Email: journal.jicp@gmail.com
Website:http://ejournal.aibpmjournals.com/index.php/JICP

Supported by: Association of International Business & Professional Management

If you are interested to get the journal subscription you can contact us at admin@aibpm.org.

ISSN 2622-0989 (Print)
ISSN 2621-993X (Online)

DOI:Prefix 10.32535 by CrossREF

Journal of International Conference Proceedings (JICP) INDEXED: