Perceived Old Age Insecurity and Human Capital Flight among Medical Professionals in Selected Government Hospitals in Benin City

One of the most dreaded times for most employees are the thought of life after retirement, when they are no longer fit or legally required to engage in paid employment. The fears of facing the future after retirement generate an environment of disturbance among staff. Ogunbameru and Bamiwuye (2004) argued that workers see retirement as a major lifetime shift that could lead to psychological, physiological and economic problems. Oftentimes, institutionalized corruption by employees is a function of unpleasant thoughts of a future full of uncertainty (Agba, et al. 2008); and may in turn lead to low employee engagement and service inefficiency of critical institutions.