International Journal of Banking, Risk and Insurance

Open Access Open Access  Restricted Access Subscription Access
Open Access Open Access Open Access  Restricted Access Restricted Access Subscription Access

A Pragmatic Study of Bankers’ Life in India, after Retirement


Affiliations
1 School of Management Studies, IMS Unison University, Dehradun, Uttarakhand, India
     

   Subscribe/Renew Journal


In India, banking jobs are one of the most stressful occupations. While working in stressful conditions, and bearing responsibility and accountability, bank officers lead a full life during their years on the job. However, on attaining the age of superannuation, their life changes drastically. The present study analyses how the life of bank officers changes after retirement, and how they use their knowledge and experience of the financial world in making worthwhile contributions to the banking sector and the Indian economy. The study is conducted on retired public sector bank officers in India. The retired bank officers, from junior officer cadre to senior grades, from different public sector banks across the country were invited to respond to a structured questionnaire. Convenience sampling was used for selection of the respondents and the response of around 150 retired bank officers was received. On analysis of the data, it has been observed that though there are ample job opportunities after retirement, bank officers do not wish to be employed gainfully. It has been suggested that retired bank officers should contribute towards making the public financially literate.

Keywords

Public Sector Banks, Retirement, Voluntary Retirement, Retirement Planning, Post-Retirement Engagements.
Subscription Login to verify subscription
User
Notifications
Font Size


  • Beehr, T. A., & Bennett, M. (2014). Working after retirement: Features of bridge employment and research directions. Work Aging and Retirement, 1-17.

  • Bennett, M. M., Beehr, T. A., & Lepisto, L. R. (2016). A longitudinal study of work after retirement: Examining predictors of bridge employment, continued career employment, and retirement. The International Journal of Aging and Human Development, 83(3), 228-255.

  • Byles, J., Tavener, M., & Robinson, I. (2013). Transforming retirement: New definitions of life after work. Journal of Women & Aging, 25(1), 24-44.

  • Dingemans, E., Henkens, K., & Solinge, H. V. (2016). Access to bridge employment: Who finds and who does not find work after retirement? The Gerontologist, 56(4), 630-640.

  • Dosman, D., Fast, J., Chapman, S. A., & Keating, N. (2006). Retirement and productive activity in later life. Journal of Family and Economic Issues, 27(3), 401-419.

  • Gobeski, K. T., & Beehr, T. A. (2009). How retirees work: Predictors of different types of bridge employment. Journal of Organizational Behavior, 30, 401-425.

  • Kamal, R., & Sengupta, D. (2008-2009). A study of job satisfaction of bank officers. Prajnan, 37(3), 229-245..

  • Monk, A. B. R. A. H. A. M. (1990). Handbook of gerontological services (pp. 400-419).

  • Rao, B. K. S., & Prasad, G. (2006). Voluntary retirement scheme impact on banking sector banking sector and human resources. Changing Scenario, 92.

  • Shultz, K. S. (2003). Bridge employment: Work after retirement. In G. A. Adams and T. A. Beehr (Eds.), Retirement: Reasons, Processes, and Results (pp. 214-241). New York: Springer.

  • Taylor, M. A., Goldberg, C. B., Shore, L. M., & Lipka, P. (2013). The effects of retirement expectations and social support on post-retirement adjustment: A longitudinal analysis. Journal of Managerial Psychology, 23(4), 458-470.


Abstract Views: 158

PDF Views: 0




  • A Pragmatic Study of Bankers’ Life in India, after Retirement

Abstract Views: 158  |  PDF Views: 0

Authors

Sandeep M. Khanwalker
School of Management Studies, IMS Unison University, Dehradun, Uttarakhand, India

Abstract


In India, banking jobs are one of the most stressful occupations. While working in stressful conditions, and bearing responsibility and accountability, bank officers lead a full life during their years on the job. However, on attaining the age of superannuation, their life changes drastically. The present study analyses how the life of bank officers changes after retirement, and how they use their knowledge and experience of the financial world in making worthwhile contributions to the banking sector and the Indian economy. The study is conducted on retired public sector bank officers in India. The retired bank officers, from junior officer cadre to senior grades, from different public sector banks across the country were invited to respond to a structured questionnaire. Convenience sampling was used for selection of the respondents and the response of around 150 retired bank officers was received. On analysis of the data, it has been observed that though there are ample job opportunities after retirement, bank officers do not wish to be employed gainfully. It has been suggested that retired bank officers should contribute towards making the public financially literate.

Keywords


Public Sector Banks, Retirement, Voluntary Retirement, Retirement Planning, Post-Retirement Engagements.

References