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Showing posts from March, 2024

Good News for Octogenarians: The President Signs Bill Boosting Senior Citizen Benefits

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The President has made a positive stride in supporting the Philippines' aging population. Just recently, he signed into law a significant expansion of the Centenarians Act, granting Filipino citizens a substantial cash gift of Php 10,000 upon reaching their 80th birthday. Previously, the Centenarians Act, enacted in 2016, solely focused on Filipinos who reached the remarkable age of 100. These individuals received a well-deserved Php 100,000 cash gift as a token of appreciation for their longevity and contributions to society. Expanding the Scope of Support The revised act acknowledges the growing needs of a larger aging population. By lowering the eligibility age to 80 and offering the Php 10,000 cash gift every five years until the recipient turns 95, the government aims to provide broader financial support to senior citizens. The Significance of this Bill This expanded benefit program holds significant meaning for Filipino senior citizens: Mitigating Financial Burdens: The cash