CAMPUS RETIREMENT BENEFITS: SALARY DEDUCTIBLE FOR UNIVERSITY EMPLOYEES.

Abstract

Understanding the university retirement benefits are significant for all employees of Suan Sunandha Rajabhat University. Effectiveness of management of retirement benefits is vital to the success of human resource services of Suan Sunandha Rajabhat University in the long run. Campus retirement benefits is becoming sophisticated under a professional management and have a direct impact to both staff, and faculty members. It is necessary for all employees in campus to have proper training of this matter. The main purposes of this study were to understand the level of satisfaction of campus retirement benefits for university employees and to offer ways to improve retirement benefits for university employees. This was a research method of qualitative research to provide the findings of both number and reasoning from questionnaire from three major perspectives namely: management, staff, and faculty members. Each of three group would consist of 21 individuals and each group would participate in a small focus group to explain their insight information and valuable comments. The finding of the study can be reported that there were a high level of satisfaction of university retirement benefits due to the fact that the system allow all management, staff, and faculty members to contribute from 5 percent to the maximum of 15 percent deductible from their monthly salary plus a generous of 5 percent from the university. The level of satisfaction of the respondents of focus group were very high for each group: management, staff, and faculty members is understandable. The focus group also revealed important information such as their needs to understand how the retirement benefits was managed by professional team outside university in the line of safety and integrity of the investment.