Retirement is inevitable to man. It is a mandatory disengagement of people from active service. Employees are relieved at the attainment of the statutory age of exit from work (either in private or government establishments). However, adequate provision of social security and benefits to the retirees often regarded as senior citizens is predisposing to sound health and sound mind of the elderly. This paper addressed retirement provision and social security for senior citizens in Nigeria contemporary society: reality or myth? The paper discussed issues bothering retirement and its provisions in Nigeria; it identified the reality of social security status in Nigeria. Issues discussed were social security and pension in southwest Nigeria without undermining the challenges of social security in Nigeria. The paper exposed the reality of social security and pensions in Nigeria and thus called for the government’s renewed interest in social security and adequate planning of public servants in their pre-retirement periods.

Keywords: Pensions, Pre-Retirement Periods, Public Servants, Contemporary Society,

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