PenCom's Oloworaran to Launch Healthcare Support for Retirees

Ms Omolola Oloworaran, the Director General of the National Pension Commission (PenCom), announced that a healthcare program for retirees will be unveiled in November. This initiative, part of efforts to reduce medical expenses that affect pension income, was revealed during the Senior Citizens Fair in Abuja, themed “Pension for All: Building a Secure Future Together.” The PenCare initiative is currently in a pilot phase and aims to improve retirees' access to healthcare, addressing the rising costs of medical services.

Oloworaran emphasized the need for retirees to live with dignity without financial struggles for essential medical treatment. The formal inauguration of the program was postponed due to scheduling issues.

Additionally, Oloworaran highlighted disparities in pension payments among retirees and the commission's commitment to enhancing pension administration policies. Dr. Charles Efe-Emukowhate, PenCom’s Commissioner for Finance, noted that healthcare support would help retirees manage their pension income better and praised President Bola Tinubu for approving ₦758 billion in pension liabilities.