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Wednesday, April 17, 2024

P1.2b released to 12,186 Pinoy centenarians

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The national government has paid out an aggregate of P1.2 billion in cash gifts to Filipinos who have reached the age of 100 years old.

“A total of 12,186 Filipinos have already received their P100,000 cash award each since the passage of the Centenarian’s Law up to September this year,” said Quezon City Rep. Marvin Rillo, a member of the House committee on appropriations.

“We wish to assure Filipinos who are nearing a century old that Congress is absolutely committed to keep up the annual appropriations for their cash grant,” he added.

The lawmaker said Congress has earmarked another P186 million for the cash gift in the 2024 national budget.

“At this point, we would also urge every province, city, and municipality to give their own P100,000 cash gift to every Filipino in their jurisdiction who reaches the age of 100 years. That is, assuming they are not doing it already,” Rillo said.

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Under the Centenarians Law of 2016, or Republic Act No. 10868, every Filipino who reaches 100 years old, whether residing in the Philippines or abroad, is entitled to receive the P100,000 tax-free gift from the national government plus a congratulatory letter from the President.

The money for the gift is lodged in the annual budget of the Department of Social Welfare and Development.

The gift is on top of all other rewards that centenarians may receive from other sources, such as their respective local governments.

The House of Representatives previously approved on third and final reading a bill that seeks to expand the coverage of the Centenarian’s Law and recognize octogenarians as well as nonagenarians.

Under House Bill 7535, Filipinos would receive a P25,000 cash gift upon reaching the ages of 80, 85, 90, and 95 years, while those who reach 101 years of age would receive P1 million on their birthday.

The Senate earlier approved on third and final reading a similar measure.

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