Tinubu Guarantees N52,500 Minimum Monthly Pension for Retirees
■Says no CPS retiree should fall below stipulated threshold ■ Launches free healthcare for low-income retirees■ Oloworaran reveals N1.07 trillion legacy pension liabilities cleared by states ■ Elumelu: economic progress
President Bola Tinubu has pledged to guarantee a minimum monthly pension of N52,500 for retirees under the Contributory Pension Scheme (CPS), ending a 22-year delay in the implementation of the Minimum Pension Guarantee (MPG). The move is aimed at addressing pension poverty and enhancing social protection for retirees. In addition to the pension guarantee, Tinubu launched the PenCare Health Access Card, which provides free access to essential healthcare for low-income retirees.
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