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This study aims to examine the effects of financial self-efficacy, retirement goal clarity, and retirement preparation programs on the financial planning of civil servants approaching retirement, as well as to investigate the moderating role of retirement preparation programs. A quantitative survey was conducted involving 202 civil servants approaching retirement in the Kendal Regency Government, selected through purposive sampling. Data were analyzed using Structural Equation Modeling–Partial Least Squares (SEM-PLS).
The results indicate that financial self-efficacy, retirement goal clarity, and retirement preparation programs have positive and significant effects on retirement financial planning. The retirement preparation program also negatively moderates the effects of financial self-efficacy and retirement goal clarity on financial planning, indicating that organizational support through retirement preparation programs reduces employees' reliance on internal factors in preparing their retirement finances. This study contributes to the development of public sector human resource management literature, particularly in retirement financial planning, and provides practical recommendations for the Kendal Regency Government to improve the effectiveness of retirement preparation programs.