Abstract: Many retirees are confronted with the problem of having an insufficient income to sustain their living costs. Pension plans are designed to help retirees to save a part of their income during the working years for future use during their retirement. In the Democratic Republic of Congo, pension's schemes are inexistent and many employees have been shifting to personal retirement plans. There are more than 50% of employees without access to pension schemes in the country. The general objective of this research was to determine the effect of financial literacy on personal retirement planning among public sector workers in the Democratic Republic of Congo especially the city of Bukavu, one of the populated cities in the country. The specific objectives were to measure the effect of financial knowledge, computation capability, financial education and risk attitudes toward financial products on retirement......
Keywords: Financial literacy, retirement planning, public sector employees
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