The word retirement is a complex concept in view of societal perception of it. Apart from the complexities associated with it. retirement is a dynamic concept when examined alongside some socio-demographic variables such as age, job status, length of service. retirement age, family responsibilities etc. To those who believe in the continuity theory, work is a compulsory life-long activity for meaningful existence. To the disengagement theorists, an individual is bound to vacate an active job position no matter the level of versatility, skills or specialisation as a result of changes in trends, fashion, taste, status, morality etc.