Towards an integrated model of individual, psychosocial, and organizational predictors of retirement adjustment

This cross-sectional study examines three predictors of retirement adjustment: individual (demographic and health), psychosocial (work centrality), and organizational (conditions of workforce exit). It also examines the effect of work centrality on post-retirement activity levels. Survey data was collected from 394 retirees (aged 45-93 years). Results suggested that better psychological health, higher income, and being married predicted better retirement adjustment. Work centrality was neither related to retirement adjustment nor to post-retirement activity levels. Conditions of exit significantly predicted retirement adjustment, even after controlling for lower-level individual and psychosocial influences. Practical implications for the design of retirement planning programs and organizational exit strategies are discussed.