Human Resources Management and Retirement System of Public Servants in Nigeria: A Review of The NBC Retirement Benefit Scheme

Abstract One significant challenge that a typical public servant faces throughout their career is contemplating what lies ahead after retirement. This period marks a transition from active employment and a primary means of livelihood to a new phase of life. This shift from a professional career in active service to retirement involves significant changes, leading to emotional, psychological, and financial concerns. Public servants need to prepare thoroughly for this stage in advance. Through a qualitative approach, this study explores the concept and functions of human resources management within the general civil service framework. It examines the challenges faced by retirees in Nigeria, considering both the perspectives of pension scheme administrators and the experiences of individuals. The study reviews the Nigeria Baptist Convention Workers' Cooperative Retirement Benefits Scheme explicitly, discussing the rules and regulations outlined in the Pension Reform Act of 2004 that govern the system. The article recommends that the Department of Human Resource Management play a fundamental role in ensuring the proper settlement of retirees. This Department should provide comprehensive retirement packages for civil servants and establish a robust legal framework to protect retirees as they transition out of active service, thereby preventing legal issues.