Peo­ple die af­ter re­tire­ment be­cause of psy­cho­log­i­cal prob­lems – Maiyaki

Daily Trust - - BUSINESS - By Fran­cis Arinze Iloani & Philip Shim­nom Cle­ment

How has life been re­tire­ment? Did you do re­tire­ment? any­thing for you in

I will not say I ad­e­quately pre­pared for re­tire­ment. How­ever, the day you are em­ployed is the day you should start pre­par­ing for re­tire­ment. But, when you are re­tired abruptly, even if it is just one hour ear­lier, you must have some ob­sta­cles. You can quickly ad­just and take off where you stopped. But, I am ok.

Did you make any prepa­ra­tion for re­tire­ment?

Yes, I did. You know re­tire­ment is a psy­cho­log­i­cal thing. It is not how much you have and not how much or the kind of job you are pre­pared to do. But first of all, psy­cho­log­i­cally, you have to be pre­pared. To­day many peo­ple die af­ter re­tire­ment be­cause they were not pre­pared and they could have mil­lions or bil­lions with them. First, they wake up and don’t have any place to go to. Se­condly, their sources of liv­ing have been blocked. The sta­tus they had in the of­fice has gone and this can jolt one. But psy­cho­log­i­cally, if you are pre­pared, you should know that th­ese things will be with­drawn, and you are go­ing to leave a life dif­fer­ent from what it used to be. I will say I got the shock of re­tire­ment but it was not long. Now, I am con­tented.

else af­ter

I went to do what I was al­ready do­ing like con­duct­ing man­age­ment train­ing, con­sult­ing and so on which I still do un­til to­day. I was also trained to set up small busi­nesses which till to­day help my wife to grow her busi­ness. So when I teach in the class­room, I try ap­ply­ing it also in my home.

Did you have any prob­lem as­sess­ing your re­tire­ment pen­sion?

No, I did not. Af­ter 11 months, I started re­ceiv­ing my pen­sions. When you re­tire, you are ex­pected to go to PenCom and sub­mit your pa­pers. Other than that, I never went there. My pen­sion Joseph Yakubu Maiyaki re­tired from ac­tive ser­vice in 2010. He was a for­mer Di­rec­tor Gen­eral of Cen­tre for Man­age­ment De­vel­op­ment (CMD). In this ex­clu­sive in­ter­view with he says psy­cho­log­i­cal prepa­ra­tion is es­sen­tial be­fore re­tire­ment to avoid un­timely death. He shares his ex­pe­ri­ences as a re­tiree. ad­min­is­tra­tor just called me and we dis­cussed on how I would want my re­tire­ment ben­e­fits to be man­aged and we agreed to it and I signed my pa­pers. Since then, I have been re­ceiv­ing my pen­sion en­ti­tle­ments reg­u­larly.

What is your gen­eral per­cep­tion of re­tire­ment and pen­sion in Nige­ria?

The gen­eral per­cep­tion and my ex­pe­ri­ence is that yes, you can’t get what you are earn­ing, but at least one should get

Joseph Yakubu Maiyaki

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