Additional Monetary Incentives for 80-year-old Senior Citizens Pushed

Rep. Winston Castelo (2nd District, Quezon City) has filed House Bill No. 6137 which seeks to provide elderly people a cash gift of PhP 80,000 upon their 80th birthday.

Castelo pushed for the proposed additional monetary incentive, saying it is a way to honor and praise the senior citizens for their veritable contributions to nation building.

“A community that cares for its elderly is one that is dynamic and abounding with blessings,” he said.

Castelo said it is only fitting and wise to give back to the elderly who have offered so much and dedicated their lives’ work not only for the benefit of their loved ones but also practically for the general welfare of the community.

At present, there are more than six million Filipinos who are 60 years old and above.

Under the present law, senior citizens enjoy benefits and privileges such as the grant of 20 percent discount and exemption from the value-added tax (VAT) on the sale of goods and services from all establishments.

They also enjoy exemption from the payment of individual income taxes of senior citizens who are considered minimum wage earners as provided under Republic Act No. 9504.

Likewise, senior citizens can avail of the grant of a minimum five percent discount on the monthly utilization of water and electricity supplied by public utilities, and free medical and dental services, among others.

Another law, R.A. 10645 or “An Act Providing for the Mandatory PhilHealth Coverage for All Senior Citizens,” which was signed by President Aquino in November last year, grants all citizens who are 60 years old and above benefits and discounts extended to ordinary PhilHealth members by just presenting a valid identification card (ID) that proves their real age. (PNA) SCS/PR/PJN