The National Pension Commission (PenCom) has raised the income eligibility threshold for its PenCare Initiative from N70,000 to N150,000 monthly pension, as it seeks to accelerate enrolment into the healthcare scheme for retirees while finalising regulations that will enable eligible pensioners to access residential mortgages using their Retirement Savings Account (RSA) balances.

Omolola Oloworaran, director-general of PenCom, announced the measures on Tuesday in Abuja at the third Pension Industry Leadership Council (PILC) meeting and press conference, describing them as part of broader reforms aimed at improving retirement outcomes and expanding social protection for pensioners.

According to her, the revised income threshold is intended to increase participation in the PenCare pilot programme, which currently has about 13,000 enrollees against a target of 30,000 needed to adequately test the initiative before a nationwide rollout.

Read also: PenCom moves to deepen capital market investments, improve pension outcomes

“We have

This post was originally published on this site.