- Senior citizens in the Philippines want the government to increase their social pension
- Sen. Bam Aquino filed a bill to increase social pension to P1,000
- This proposed law also extends the social pension to all the senior citizens
Some senior citizens in the Philippines do not have enough monthly pension to supply their medical needs and some do not even get pension at all. KAMI learned that senior citizens and the Coalition of Services of the Elderly Inc. want the Senate Bill 2142 to be signed into law.
According to Senate Bull 2142 filed by Sen. Bam Aquino, there will be a P1,000 increase in the monthly social pension which is currently at P500 as reported by ABS-CBN News.
“Our senior citizens have broadly contributed to the development of our nation. It is time for us to return their sacrifices by ensuring that they are cared for in their old age,” Sen. Aquino said as reported by Manila Bulletin.
As of now, around 3 million senior citizens are benefiting from the social pension. But with the proposed law, the social pension will be extended to all the senior citizens without social pension and those who receive pension not higher than P3,500.
For the senior citizens who do not need financial assistance will have a choice not to redeem it and it will be returned to the National Treasury.
In another proposed bill, Senate Bill 2138, it said that senior citizens must be 65-years-old and higher must be entitled for social pension and 60 to 64 years-old for indigenous senior citizens.