The Digest:
President Bola Tinubu has mandated free healthcare for low-income retirees under the Contributory Pension Scheme (CPS) after a briefing from PenCom's DG, Omolola Oloworaran. The initiative aims to provide social protection and dignity in retirement.
Key Points:
- Tinubu issues directive for free healthcare for low-income retirees under CPS.
- The healthcare initiative forms part of Tinubu's broader social protection agenda.
- A call for prompt pension increases and a minimum pension guarantee for vulnerable retirees.
- The President also tasked PenCom to resolve the longstanding police pension issue.
- Plans to introduce foreign currency contributions to the pension system for Nigerians in the diaspora.
- PenCom is working to preserve the pension fund assets' value against inflation.
- Tinubu expresses full support for pension reforms aimed at inclusive growth.
