As fallout of the series of protests in the various parts of the country including Abuja, staged by pensioners under the Contributory Pension Scheme, CPS, President Bola Tinubu has directed the National Pension Commission, PenCom, to implement pension increases and a minimum pension guarantee.
He also mandated PenCom to expedite rollout of the free healthcare access initiative for low-income retirees.
According to a statement signed by the Special Adviser to the President, Information and Strategy, Mr. Bayo Onanuga, the rollout of the free healthcare access is a critical component of social protection and dignity in retirement.
According to Onanuga, the prompt implementation of long-overdue pension increases and a minimum pension guarantee, would provide a safety net for the most vulnerable pensioners under the CPS.