AJAG Article

Abstract

Public pension administration plays an important role in the provision of retirement welfare, especially in countries where rapid population ageing takes place. This study investigated the pension administration and the welfare of old people in Nigeria using the mixed methods approach in Osun State. Quantitative data were obtained from 1600 respondents (800 pre-retirement and 800 post-retirement persons aged 50 years and above) while qualitative data were gathered from 24 in-depth interviews. The areas measured were the perceptions of the adequacy of pension payments, timeliness of pension payments and their impact on economic security, health, and social participation. Findings show that there is a definite perception gap between pre-retirees and post-retirees. While pre-retirees had moderate confidence in the pension system, post-retirees felt there were frequent delays and insufficient payments, resulting in financial insecurity, informal work and difficulty in accessing healthcare. The breakdown of the traditional family support further exacerbates the vulnerability of the retirees. The study underscores the need for regular pension payments, financial inclusion and improved social protection policies in improving retirement welfare in Nigeria.

PUBLIC PENSION ADMINISTRATION AND RETIREMENT WELFARE OF OLDER ADULTS IN OSUN STATE, NIGERIA, 2026, Vol. 4, No. 1, pp. 1-8. PDF