The Lifestyle of the Retired Public Elementary School Teachers and Administrators in Valenzuela City

Topics: Retirement, Pension, Aging Pages: 39 (10547 words) Published: September 21, 2011
Careers and life cycle have been he focus of various theories and studies for quite a number of years. Most people assumed that careers involve working in an organization; then an individual will try to move up in an organizational ladder, acquire more influence and a bigger income; lead the organization, and finally retire pursuing other interests or live a life of recluse.

According to a conventional view of career pattern, an individual trains for a career, works in that career for about 30 to 40 years, and then retires.

Background of the Study
Retirement pertains to that time when employees leave their jobs or profession by reason of age, illness, or disability.
Among teachers, the compulsory retirement age is 65 years old while the optional retirement age is 60 years or at least 15 years in the government service.
Those who are in the government service are contributing members to the Government Service Insurance Sytem (GSIS) which in effect are entitled to receive retirement benefits from the pension plan. They have the option to choose from three retirement plans from the GSIS.

Republic Act 1616 refers to grativity retirement, where he reirees’ agency pays for the retirement benefits and wherein no pension fund is paid.
Republic Act 660 or the Magic 87 specifies that the sum of the length of service and the age of the retiree is 87. The retiree shall be entitled to a pension and a lump sum of payment.
Republic Act 8291, the GSIS Act of 1997 is the prevailing package through which members can maximize the benefits due them. The retiree can either (1) get a five-year lump sum wherein payment begins after five years from receipt of the lump sum and (2) to get a lump sum of equivalent to 18 months of pension as advance payment plus automatic payment of pension from the day of retirement.

When teachers retire, it is expected that teacher-retirees will encounter problems and their lifestyle will dramatically change. These problems will include those pertaining to income and savings, diet and exercise, health/health condition, leisure activities, social involvement, and other occupation/career engaged in.

Theoretical Framework
People anticipating a career spanning more than three decades may choose to pursue schooling, career hiatus, or sabbatical leave, re-schooling and so on.
The evolving work and retirement patterns of baby boomers, the first generation cohort to experience superlongevity en masse, provide any cluse to how careers and post career life will evolve over the next several decades.

Baby boomers are transforming the retirment phase from one whose principal activity is leisure to one that emphaiszes the pursuit of new interest, avocation, and careers.
Some teachers retired early 50 to 62 years old for various reasons: disability, lingering disease, working abroad, boredom or dissatisfaction with the educational system.
Others who retired late in compulsory age of 63 to 65 years old do not live a life of recluse. Instead some of them may still be active and involve themselves in church activities as cathechism work, teach in college or in private university.

This researcher observed that some teacher-retirees have to work because their pension is not enough for medical/hospitalization expenses.
This researcher, therefore, is interested to validate some of her observations in order to help teacher-retirees live a satisfying and fulfilled life by proposing programs and projects for their welfare.

The schematic diagram of the study is show below.
Profile of Retirees
1. Age
2. Gender
3. Civil Status
4. Educational Attainment
5. Position held before retirement
6. Number of years retired
Factors that affect life of the retirees
1. Income and Savings
2. Diet and Exercise
3. Health/Medical Status
4. Hobbies and leisure Activities
5. Social Activities...

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