Effects of Retirement on Psycho-Social Wellbeing of Retirees in Lagos State, Nigeria
Abstract

This study examined the effects of retirement on psychosocial wellbeing among retirees in Lagos State. Retirement represents a significant life transition with potential repercussions for individuals’ psychological and social welfare.
Employing a descriptive survey research design, the study aims to comprehensively explore retirement’s multifaceted effects on retirees’ psychosocial wellbeing, covering psychological and social dimensions. The population consists of retired adults in Lagos State, sampled through purposive sampling techniques from 5 Elderly Care Homes and 3 churches. A total of 70 participants were randomly selected. Two research questions and hypotheses guided the study. Data were collected using a self-designed questionnaire and analysed through frequency counts, simple percentages, tables, weighted mean, and T-Test. Findings revealed retirees experiencing a decline in self-purpose, changes in relationship quality, loneliness, reduced happiness, low self-esteem,
and dissatisfaction with their lifestyles. Moreover, retirees reported feeling disconnected from their communities, facing challenges in forming new friendships, and experiencing a sense of undervaluation. Retirement
significantly impacted both psych= logical and social wellbeing, with a more pronounced effect on social aspects. Recommendations include promoting retirement education, integrating retirement programmes into employer
systems, utilising retirees as mentors, fostering new social connections, and providing tailored health and recreational services for the elderly by government and NGOs.

Citation
Chinatu Deborah Eteyi, Perpetua I. Ememe. Effects of Retirement on Psycho-Social Wellbeing of Retirees in Lagos State, Nigeria. International Journal of Continuing and Non-Formal Education (IJCNFE), 11, 419-435.