Socio-Economic Implications of Retirement on Retired Public Servants in Ekiti State, Nigeria (Report‪)‬

INTRODUCTION Economic difficulty might be a principal factor for maladjustment among retirees. In the reality of Nigerian situation, inflation has eroded the value of the currency of Nigeria, that is, it could be safely stated that the amount being paid as pension is inadequate and it is not usually paid on time. The submission of Akinade (1993) that a retiree, who had enjoyed meaningful recreations would find it quite difficult adjusting to retirement gives credence to the fact that retirees need coping device to enable them adjust to life after retirement. This might be more serious, where a retiree retires into a lower socio-economic status, where there are no official privileges and enough financial support to continue with previous living standard. The bible corroborates this that "money answers all things" (Ecclesiastes 10:19).