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P1M to Fils 101 yrs old
By Nidz Godino
"Potential beneficiaries of Centenarians Act of 2016 remain limited because most of elderly population do not become centenarians…therefore, this bill, also inspired by concept of healthy and active aging, aims to amend act to provide senior citizens with greater assistance," Senator Risa Hontiveros has filed bill granting P1 million to Filipinos who will reach 101 years old.
Senate Bill 1951 also seeks to provide P25,000 cash gifts to Filipinos who will reach the age of 80, 85, 90 and 95.
In her explanatory note, Hontiveros said these amendments to law would benefit elderly population by providing them needed funds and motivating them to continue to live productive lives.
Hontiveros also noted many senior citizens live in poverty and suffer from poor health. She cited 2018 study which found 46% of senior citizens live under poverty line.
Further, lawmaker said most senior citizens do not enjoy some form of pension mechanism.
"Even with slowing down of COVID-19 pandemic, elderly's exacerbated predicaments remain as many seniors struggle to access sufficient food, medicine and income," she said.
At Senate committee on social justice, welfare, and rural development hearing in February, budget concerns were raised against bills seeking to grant cash gifts to Filipinos who are 80 and 90 years old.
The Department of Budget and Management said additional cash grants for elderly would "greatly affect limited fiscal space" of government while Department of Finance is concerned over government's capability to sustain these benefits.
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