DETERMINANTS OF THE INTENTION TO SAVE IN THE GOVERNMENT PENSION FUND AMONG CIVIL SERVANTS UNDER THE OFFICE OF THE BASIC EDUCATION COMMISSION IN NAKHON SAWAN

Abstract

Retirement saving is crucial for the future financial security of government teachers and educational personnel. This study aimed to investigate the factors influencing saving intention in the Government Pension Fund (GPF) among government teachers and educational personnel under the Office of the Basic Education Commission in Nakhon Sawan Province, examining personal and economic factors, knowledge of the GPF, attitude, and motivation. A quantitative research approach was employed, collecting data via questionnaires from a sample of 380 government teachers and educational personnel using convenience sampling. Data were analyzed using descriptive statistics, independent samples t-test, one-way analysis of variance (ANOVA), and multiple linear regression analysis. The results indicated that age differences were significantly associated with variations in saving intention at the .05 level, with participants aged 50 - 59 years demonstrating higher saving intention than other age groups. Conversely, saving intention did not differ significantly based on educational level, average monthly income, or average monthly debt burden. Furthermore, the independent variables jointly explained 42.2% (R² = 0.422). Attitude had the strongest positive effect on saving intention (β = 0.337), followed by motivation (β = 0.328) and knowledge about the GPF (β = 0.124), respectively, all statistically significant at the 0.05 level in the same direction. Based on these findings, relevant agencies should promote saving by focusing on cultivating positive attitudes toward GPF saving, alongside boosting motivation and providing knowledge regarding benefits and saving options. Communication should particularly target younger personnel to raise awareness of early financial preparation.