DSWD FO CAR prepares for the implementation of PhP 1,000.00 monthly stipend for indigent senior citizens (2024)
In a significant move towards supporting senior citizens, the Department of Social Welfare and Development – Field Office Cordillera Administrative Region (DSWD FO CAR) is preparing for the implementation of Republic Act (RA) 11916 stipulates that the stipend provided to indigent senior citizens should not be less than One thousand pesos (PhP 1,000.00) to augment the daily subsistence and other medical needs of indigent senior citizens.
The General Appropriations Act (GAA) for Fiscal Year 2024 include a substantial amount of Php 49,807,085,000.00 for the enhancement of funds allocated for the stipends of almost four million beneficiaries of indigent senior citizens in the entire Philippines.
The distribution of these funds, through the Social Pension Program is expected to commence in first semester of 2024, with each beneficiary receiving a Php 1,000.00 with a total six thousand pesos (PhP 6,000.00) per semester.
“The DSWD FO CAR is currently preparing all necessarydocuments and refining its existing system to manage the increase of stipend to the 110,554 active beneficiaries of the Social Pension Program for 2024.” DSWD OIC Regional Director and Concurrent ARD for Operations Enrique H. Gascon Jr. said.
Based on DSWD guidelines, to be eligible for the Social Pension program, individuals must be 60 years old and above, frail and sickly, have no pension from other government sources such as GSIS, PVAO, SSS and other private insurance companies. Additionally, they should have no regular source of income or support from family or relatives to cover their basic needs.
Meanwhile, the DSWD and National Commission of Senior Citizens (NCSC) are still in the process of conducting consultation and meetings to facilitate the smooth transition of the Social Pension Program for Indigent Senior Citizens (SPISC), including the Centenarians Program as mandated by RA 10868 otherwise known as the Centenarian Act of 2016, which grants cash gifts amounting to one hundred thousand pesos (Php 100,000.00) to Filipinos who reached 100 years old in which was already started on the second semester of the year 2022.
As the transition is still on going, the DSWD remains committed to providing appropriate services and interventions to older people such as encouraging all senior citizens to register in their respective localities. This proactive step will facilitate collaboration among the commission, Local Government Units, and National Government Agencies to create additional services and programs. These initiatives aim to maximize the full potential of senior citizens even during their golden years.
“We strongly urge all eligible senior citizens to actively participate and take advantage of existing programs of the government created for all the senior citizens, irrespective of their affiliation with the Barangay Senior Citizens Association, are urged to visit their respective Local Social Welfare and Development Office. This visit will allow them to undergo an assessment to determine their eligibility for the Social Pension Program. Social workers will also provide guidance on the alternative government programs and services available to support our senior citizen. We are committed to ensuring that every senior citizen receive the assistance and information they need.” Dir. Gascon emphasized.
Distribution of one thousand pesos (PhP 1,000.00) per month stipend under the Social Pension Program will begin upon the release of the Implementing Rules and Regulations (IRR). #DSWD FIELD OFFICE CAR, SOCIAL MARKETING UNIT, HAZEL ANN BUY-O.
As mandated by Republic Act No. 11916, beneficiaries of the SPISC Program are to receive an enhanced monthly stipend of ₱1,000 this year. Enacted in July 2022, the law doubles the monthly pension for senior citizens from ₱500 to ₱1,000.
The Social Pension Program for indigent senior citizens is an additional government assistance mandated under Republic Act 9994 otherwise known as “The Expanded Senior Citizens Act of 2010”. Indigent senior citizens shall be entitled to a monthly stipend amounting to One Thousand Pesos (Php1000.
OSCA ID Eligibility Requirements: Filipino citizen and also a resident of the Philippines. 60 years and above. Seniors with dual citizenship can also apply for Senior Citizen's ID Card with proof of Filipino citizenship and at least 6 months of residency in the Philippines.
The bill also stipulates that within five years, all senior citizens will also be entitled to a universal social pension equivalent to at least PHP1,000, regardless of any other pension benefits they may receive from other pension providers.
The maximum monthly pension for those above 57 years old shall be 80% of the Average Monthly Salary (AMS) received during the last three years immediately preceding retirement. The maximum pension for those aged 57 and below shall be 75% of AMS.
Enacted in July 2022, Republic Act No. 11916, also known as “An Act Increasing the Social Pension of Indigent Senior Citizens and Appropriating Funds,” mandates a 100 percent increase in the monthly pension of the Lolos and Lolas, raising it from Php500 to Php1,000, with funding secured through Republic Act No.
Republic Act 11916 or the Social Pension for Indigent Seniors Act – which lapsed into law in July 2022 – increased the elderly's monthly stipend to P1,000 from P500, an adjustment that was intended to soften the impact of high inflation.
The second formula calculates your monthly pension using your credited years of service (CYS) and the minimum guaranteed pension. Your monthly pension is ₱1,200 if your CYS is between 10 and 20 years. Your monthly pension is ₱3,400 (₱2,400 + ₱1,000) if your CYS is 20 years or more.
Good news! Filipino senior citizens ages 80 to 95 may now receive a P10,000 cash incentive from the Philippine government after Republic Act 10868 or the Centenarian Act of 2016 was amended in February 2023.
As defined in the bill, an indigent family is a family whose income does not exceed P15,000 per month. Family income refers to the combined gross income of the students' parents. It does not include the income of the other members of the family. A family is not considered indigent if it owns real property or a vehicle.
Who are Qualified. To this category belong persons who have no visible means of income, or whose income is insufficient for family subsistence, as identified by the Department of Social Welfare and Development (DSWD), based on specific criteria.
Social Pension Program for Indigent Senior Citizens (SPISC) is the additional government assistance in the amount of Five Hundred Pesos (P500. 00) monthly stipend, to augment the daily subsistence and other medical needs of indigent senior citizens.
The maximum monthly earnings used to calculate benefits are 16,000 pesos. There is no maximum monthly pension. Partial lump sum: The insured may choose to receive the first 18 monthly pension payments (not including dependent supplements and the 13th pension payment in the first year) as a lump sum.
There are about 180,000 senior citizens in Manila. Each senior citizen receives a monthly financial assistance of P500 from the city. During the slated payout, each senior citizen will be receiving P2,000 each, covering the months of January to April.
Filipino senior citizens ages 80 to 95 may now receive a P10,000 cash incentive from the Philippine government after Republic Act 10868 or the Centenarian Act of 2016 was amended in February 2023.
One popular method assumes that you will need 70 to 80 percent of your pre-retirement income to maintain your standard of living when you're retired. So if your projected annual income shortly before you retire is P1 million, then you need to have a yearly retirement income of P700,000 to P800,000.
Senior citizens in the Philippines can avail of a 20% discount in every purchase and are exempted from value-added tax (VAT) on particular goods and services that they will exclusively use.
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