The National Pension Commission has inaugurated the Board of Trustees for PenCare, the Pension Industry Health Care Initiative, with the pioneer Director-General of the Commission, Muhammed Ahmad, as chairman.

According to PenCom, PenCare is a healthcare programme created to ensure retirees under the Contributory Pension Scheme have access to quality healthcare. The inauguration was performed by the Director-General of PenCom, Ms Omolola Oloworaran, in Abuja.

According to PenCom, PenCare reinforces Nigeria’s commitment to the welfare of retirees, aligning with the policy direction of President Bola Tinubu.

“Driven by the policy direction of President Tinubu, GCFR, PenCare reinforces Nigeria’s commitment to protecting both the financial security and well-being of retirees,” PenCom stated.

As chairman of the newly inaugurated board, Ahmad will oversee the strategic direction of the initiative, ensuring strong governance, accountability, and effective service delivery to pensioners. The board is also tasked with accrediting healthcare partners and providing oversight for the implementation of the programme.

PenCom noted that PenCare represents a major step in strengthening the Contributory Pension Scheme to support retirees beyond financial stability.

“PenCom remains committed to a pension system that invests not only in funds but in people, safeguarding dignity, care, and comfort in retirement,” the Commission added.