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Retirement planning: conceptualisation, challenges and policy options

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  • Adenutsi, Deodat E.

Abstract

The central objective of this paper is to explain the concept and relevance of retirement planning within a vibrant Christian organisation such as the Assemblies of God’s Church. In particular, an attempt is made to expose participants to the theoretical relevance and application of the benefits of retirement planning to the church as an employer, and the pastors as employees of the church. Accordingly, issues related to the role of the church and beneficiary pastors and other full-time workers such as church administrators are conceptually analysed. The paper recommends that the Assemblies of God’s church should play a pivotal role in establishing and contributing to an attractive pension scheme in the form of an Occupational Pension Plan for its pastors and other full-time employees. This undertaking can only be successful if the church can restructure and streamline some of its activities by formalising and unifying its payment system as well as breaking new grounds, repackaging and redirecting some of its services for economic gains and income generation.

Suggested Citation

  • Adenutsi, Deodat E., 2009. "Retirement planning: conceptualisation, challenges and policy options," MPRA Paper 29572, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:29572
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    File URL: https://mpra.ub.uni-muenchen.de/29572/1/MPRA_paper_29572.pdf
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    References listed on IDEAS

    as
    1. Cox, Donald C & Jimenez, Emmanuel, 1992. "Social Security and Private Transfers in Developing Countries: The Case of Peru," The World Bank Economic Review, World Bank, vol. 6(1), pages 155-169, January.
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    Cited by:

    1. Anokye M. Adam, & Siaw Frimpong, & Mavis Opoku Boadu, 2017. "Financial literacy and financial planning: Implication for financial well-being of retirees," Business and Economic Horizons (BEH), Prague Development Center, vol. 13(2), pages 224-236, May.
    2. Adam, Anokye Mohammed & Frimpong, Siaw & Boadu, Mavis Opoku, 2017. "Financial literacy and financial planning: Implication for financial well-being of retirees," Business and Economic Horizons (BEH), Prague Development Center (PRADEC), vol. 13(2).

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    More about this item

    Keywords

    Retirement Planning; Estate Plans; Church; Pastors; Church Administrators;
    All these keywords.

    JEL classification:

    • J32 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Nonwage Labor Costs and Benefits; Retirement Plans; Private Pensions
    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies

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