<![CDATA[Indonesia is currently facing demographic and economic challenges related to the increasing number of civil servants approaching retirement age. Although the civil servant pension system is designed to provide income security during retirement, previous studies indicate that formal pension benefits remain insufficient to maintain the standard of living enjoyed during active employment. This phenomenon suggests that retirement fund adequacy is determined not only by pension benefits provided by the government but also by individuals' financial preparedness developed throughout their productive years. This study aims to examine the role of Personal Financial Planning as a financial transformation mechanism linking financial knowledge and economic resources to retirement fund adequacy among Indonesian civil servants, employed a quantitative approach using Structural Equation Modeling-Partial Least Squares (SEM-PLS) with SmartPLS 4 involving 144 civil servants from the Ministry of Public Works of the Republic of Indonesia. The variables examined include Financial Literacy, Length of Service, Income, Personal Financial Planning, and Retirement Fund Adequacy. The findings reveal that Personal Financial Planning has a positive and significant effect on Retirement Fund Adequacy and serves as a mediating variable between Financial Literacy, Income, and Retirement Fund Adequacy. In contrast, Length of Service does not significantly influence Retirement Fund Adequacy either directly or indirectly.]]>
Copyrights © 2026
