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A bill seeking to grant an additional ₱1 million incentive to senior citizens reaching 101 years old is making progress at the House of Representatives.

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This was after the lower chamber recently approved on second reading the said bill, which—if signed into law—will amend the Republic Act No. 10868 or the Centenarians Act of 2016.

Various groups representing the senior citizen sector expressed their support for the proposed amendment of Sen. Bong Revilla for Republic Act 10868, “An Act Honoring and Granting Additional Benefits and Privileges to Filipino Centenarians,” or the “Centenarians Act of 2016.”

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During the public hearing of the Senate Committee on Social Justice, Welfare and Rural Development joint with the Committees on Civil Service, Government Reorganization and Professional Regulation, Finance, Ways and Means chaired by Sen. Bong Revilla Wednesday morning, representatives from various government and private senior citizen groups and organizations agreed to the veteran lawmaker’s proposal to divide the distribution of the P 100,000 incentive for any Filipino citizen who will reach the age of 100.

According to Revilla, senior citizens will receive P 25,000 when they reach the age of 80, another P 25,000 upon reaching the age of 90, and the remaining P 50,000 when they reach 100.

Upon hearing the proposal, invited panellists representing the Office of Senior Citizen Affairs (OSCA) from various parts of the country said that Revilla’s proposal is timely and appropriate since the number of Filipinos reaching 100 continue to decrease.

Meanwhile, guest panellists also pointed out those who reach 100 no longer appreciate the financial incentive, and let their children or caretakers handle it for them.

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Aside from the million-peso incentive, the House bill also seeks to give another cash grant of ₱25,000 to elders who reach 80 years old.

Under the measure, all Filipinos reaching the age of 100 will receive ₱100,000 while those reaching the age of 101 shall receive ₱1 million.

Meanwhile, Filipinos reaching the age of 80, 85, 90, and 95 years old shall also receive a cash gift of ₱25,000.

As of this posting, the bill still needs to be approved on third and final reading of the House.

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