RETIREMENT AND ADJUSTMENT LEVELS: A CASE STUDY OF RETIREES IN OGUN STATE

to retirement positively or negatively de-pending on how retirement is being per-ceived. Consequently, an individual who per-ceives retirement in a positive manner would experience success in retirement while an individual who perceives retirement in a negative manner would have an unsuccessful experience. In this study therefore, the level of adjustment of the successful one is termed positive while that of the unsuccess-ful is negative. In a nutshell, four states have been identified as to how people perceived retirement and its expectations. Hansion and Walner (1994) described these four modes in the following way: Transition to old age/rest: a time to show down and live a quieter life in preparation for aging. New beginning: It depicts a new phase of life where one can have the freedom This study examined the level of adjustment (positive or negative) of retirees in Ogun State, Nigeria, as well as their perception (positive or negative) of retirement and the level of adjustment. A self-developed questionnaire was used for data collection. The subjects for the study were 72 retirees (34 males and 38 females), drawn from public, private and government owned companies in Ogun State. Results of the study revealed that respondents had positive perception of retirement and positive level of adjustment in retirement. The relationship between perception and level of adjustment was not statistically significant [p> 0.05] which indicates that factors other than perception contribute to the positive level of adjustment of the respondents