Law Summary
Government Assistance to Senior Citizens
- Government to provide various supports including employment incentives and social pension stipends.
- Private employers hiring senior citizens get a 15% gross income deduction on salaries paid, provided employment lasts at least six months and senior citizen income does not exceed the poverty threshold.
- Indigent senior citizens entitled to a mandatory social pension of not less than P1,000 monthly to cover subsistence and medical needs.
- The Department of Social Welfare and Development (DSWD), in coordination with the Department of Budget and Management (DBM), will review and may adjust the social pension every two years based on inflation and economic indicators.
- Social safety nets such as food, medicines, and financial aid for home repairs will be provided during shocks or calamities, funded from local government disaster funds and guided by the National Commission of Senior Citizens (NCSC).
Payment Procedures
- The monthly social pension can be delivered in cash, electronic transfer, or other practical and acceptable methods accredited by the Bangko Sentral ng Pilipinas.
- Payment methods must ensure timely and efficient release to beneficiaries.
Waiver of Service and Transaction Fees
- No fees shall be charged to senior citizen beneficiaries for service charges related to pension disbursement through service providers or electronic means.
Transfer of Implementation to NCSC
- Management and disbursement of social pensions will transfer from DSWD to the NCSC within three years from the law’s effectivity.
- Transfer will include re-absorption of relevant DSWD employees, subject to civil service laws and DBM approval.
Beneficiary List Management
- Initial and updated beneficiary lists will be maintained by DSWD and later by NCSC.
- Updates and validations will leverage the Community-Based Monitoring System and involve local government units.
Rulemaking and Coordination
- NCSC, within 30 days of effectivity, will promulgate implementing rules and regulations after consultations with DSWD, DBM, other agencies, NGOs, and accredited senior citizen groups.
Budget and Appropriations
- Initial funding for the law implementation shall come from DSWD’s current budget.
- Continued funding must be included in the annual General Appropriations Act.
Legal Provisions
- Separability Clause ensures that if any provision is invalidated, other provisions remain effective.
- Repealing Clause nullifies inconsistent laws, decrees, orders, and rules with this Act.
Effectivity
- The law takes effect 15 days after publication in the Official Gazette or a newspaper of general circulation.