Abstract
The study sets out to identify the rationale for the resentment often felt when phenomenon of retirement from service is mentioned among both civil and public servants in Nigeria. It also sought to bring to the fore the improvement quotient in the New Pension Act over the defunct Defined Benefit System (DBS), and the set of actions to be taken to have seamless Pension process when retiring. Additionally, the study intends to find out how the retirees could obtain additional income to sustain the same livelihood they had while in service. The study was a qualitative, which relied on descriptive research design, wherein we investigated the experiences of prospective retirees and those already retired through non-numerical data collection and analysis. Some components of the theory building through literature reviews, observations, archival retrieval, interviews, and case studies were all deployed. Data from all these sources were later triangulated. The approach revealed that: (i) it takes twelve months after retirement for the first pension income to drop. (ii) The absence of robust social security for senior citizens (retirees in Nigeria account for the resentment and subsequent mutilation of