Funding Allocated for Centenarians’ Cash Gift

Marvin Rillo
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QUEZON City 4th District Rep. Marvin Rillo has announced that Congress has allocated P186 million under the 2024 national budget law for the cash gift of centenarians. Each centenarian will receive a tax-free cash gift of P100,000, as stated in the 2024 General Appropriations Law. Rillo, a member of the House Committee on Appropriations, expressed the commitment of Congress to continue funding this annual gift as a recognition of Filipinos who have achieved healthy aging and longevity.

The Centenarians Law of 2016 grants natural-born Filipinos who reach the age of 100 a P100,000 cash gift from the government, regardless of whether they live in the country or abroad. This law aims to honor and celebrate the remarkable milestone of reaching a century of life.

Since 2017, the Department of Social Welfare and Development has already disbursed more than P1.2 billion for the cash gift of 12,186 centenarians. The government ensures that this cash gift reaches centenarians living abroad by coordinating with Philippine embassies and consulates.

The allocation of P186 million in the 2024 national budget demonstrates the government’s commitment to supporting and appreciating the elderly population in the Philippines. This financial provision not only recognizes the achievements of centenarians but also serves as a token of gratitude for their contributions to society.

The cash gift serves as a tangible symbol of the government’s appreciation for the longevity and healthy aging of Filipinos. It is a testament to the value placed on the wisdom, experience, and resilience that come with age. By providing this cash gift, the government acknowledges the significance of centenarians in shaping the nation’s history and culture.

Furthermore, the tax-free nature of the cash gift ensures that centenarians can fully enjoy the financial support without any deductions or burdens. This allows them to utilize the cash gift in a way that best suits their needs, whether it be for healthcare expenses, personal enjoyment, or assisting their families.

The Centenarians Law of 2016 reflects the government’s commitment to promoting the well-being and welfare of older citizens. It recognizes the importance of fostering a society that values and respects its elderly population. By honoring centenarians with a cash gift, the government encourages healthy aging and serves as an inspiration to future generations.

It is worth noting that the allocation of P186 million for the cash gift of centenarians is a significant investment in the welfare of the elderly. It demonstrates the government’s dedication to supporting the elderly population and ensuring that their needs are met. This financial provision reinforces the idea that age should not be a barrier to receiving recognition and appreciation.

In conclusion, the allocation of P186 million for the cash gift of Filipino centenarians in the 2024 national budget law is a testament to the government’s commitment to honoring and celebrating the achievements of the elderly. This tax-free cash gift serves as a token of gratitude for their contributions to society and their resilience in achieving healthy aging and longevity. By providing this financial support, the government affirms its dedication to promoting the well-being and welfare of older citizens in the Philippines.

Source: The Manila Times

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