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Pensioners Receiving N70,000 Monthly Or Below Qualify Free Healthcare

Andrew Ojiezel by Andrew Ojiezel
6 months ago
in Business
PenCom 1
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Pensioners receiving N70,000 or less a month are now eligible to register for PenCom’s new free healthcare initiative (PenCare) pilot scheme, the National Pension Commission announced on Friday.

The registration portal opened as the commission rolled out the pilot designed to provide targeted support to low‑income retirees, with details on enrolment requirements, benefit structure and rollout timelines to be published on the commission’s website and at state pension offices.

The apex pension regulatory body, who made this known, in a notice issued on Friday, said the PenCare initiative is designed for retirees aged 60 years and above who earn monthly pensions of not more than N70,000 from Pension Fund Administrators.

“If you are at least 60 years old and receive a monthly pension not more than N70,000 from a Pension Fund Administrator (PFA), you are qualified for this pilot phase.

“Registration is now open for up to 30,000 eligible retirees on a first-come, first-served basis. To register, scan the barcode above or published in various newspapers or visit www.pencom.gov.ng or any of the PFAs’ websites today.”

PenCare is a CSR project dedicated to preserving your dignity and well-being by reducing the burden of medical expenses.

PenCare: Your health, our priority.

National Pension Commission.

PenCom stated that the programme would operate on a first-come, first-served basis and urged eligible retirees to register through its website or the websites of Pension Fund Administrators.

“The National Pension Commission invites retirees under the CPS to enrol in the free healthcare initiative, PenCare,” the commission stated.

It added, “If you are at least 60 years old and receive a monthly pension of not more than N70,000 from a Pension Fund Administrator, you qualify for this pilot phase.”

The commission disclosed that registration had commenced for up to 30,000 eligible retirees, directing applicants to visit the PenCom website or PFA platforms for enrolment.

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According to the notice, the programme is being introduced as a Corporate Social Responsibility initiative to ease healthcare costs for pensioners.

 

“PenCare is a CSR project dedicated to preserving your dignity and well-being by reducing the burden of medical expenses,” PenCom stated.

 

The development comes amid growing concerns about the welfare of retirees in Nigeria, particularly pensioners facing rising medical bills and inflation that has eroded purchasing power.

 

Recall that the PenCom inaugurated the Board of Trustees for PenCare, as a move to fast track the smooth running of the health care initiative.

 

The initiative is set up with Muhammed Ahmad as the chairman by the director general of the commission, Omolola Oloworaran.

 

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Andrew Ojiezel

Andrew Ojiezel

Andrew Ojiezel is a journalist with Leadership Newspaper, which he joined in 2019. His career began at Daily Times of Nigeria and Business Times in 2004, where he served as Labour Correspondent, and he subsequently worked as Labour Correspondent with National Daily Newspaper before his current role.

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