States must contribute to pension protection fund to benefit from minimum pension — PenCom DG.
Omolola Bridget Oloworaran, said on Tuesday that states must contribute to the Pension Protection Fund before they can become eligible for the minimum pension.
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–It is big shame for some state retirees to be paid ₦5,000’ By Johnbosco Agbakwuru ABUJA — The Director-General of Nigeria’s National Pension Commission (PenCom), Ms.
She stated this at the official launch of the Minimum Pension Guarantee Scheme and the unveiling of PenCare, a pension industry-funded healthcare initiative designed to provide low-income retirees with access to essential medical services free of charge. The event was held at the Old Banquet Hall, Presidential Villa, Abuja. She said about 170,000 retirees are expected to receive the minimum pension of ₦52,500, including those who were previously receiving less than that amount. “Every eligible retiree who earns below ₦52,500 will be uplifted to ₦52,500.
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