Every civil servant has a retirement benefit plan. Because it is mandatory in most countries that you should have a secure future pay contributing some amount of money on a monthly basis when you are still working and earning a salary. This money is refundable every month after you have surpassed the working age, so that even though you are not working anymore you still get to earn some money enough to sustain your well being. Once you are employed as a civil servant, it is a must that you save for your future. It is not only your future saving but also for the future of your beneficiaries, so that after your death then your family can still leave comfortably without having to begin from nowhere. Teachers being civil servants, also have some retirement benefit schemes that help them save for their future. These schemes are very important in that, they can even give you loan before you retire. The different between teachers' retirement plan and other civil servants is that, teachers save in groups called savings and credit corporative societies, which are under the ministry of corporative societies.

Sometimes these cooperatives do not operate according to the law especially those that are not registered by the ministry, and therefore do not exist under any formal law. What these small societies do is that, they get teachers to register with them and after a period of time the society disappears with the money from the teachers' savings. It is very heartbreaking to realise that after working for many years and saving for your future, some arrogant and greedy fool just squanders your money for their own selfish reasons.