According to Vivien K.G. Lim (2002) said that a retirement plan is a financial arrangement designed to replace employment income upon retirement. Besides that, these plans may be set up by employers, insurance, companies, trade unions, the government, or other institutions. Furthermore, (Nicolas Garard Vaillant, Francais Charles Wolff,2012) said that individuals in poor health are more likely to be absent, and therefore less productive. In the long run, this may affect their employability. It is supported by ( Vivien K.G. Lim, 2002) that the rising awareness about health issues, as well as an improvement in health and medical standards have led to, and enabled, individuals to be able to take better care of their health. Heitmuella (2007) finds out that health may have an effect on the individual perception of the utility, derived from consumption and leisure.