The monthly social pension of indigent senior citizens will soon increase to P1,000 as the approved bill on additional benefits for those at least 60 yrs old lapsed into law on July 30, according to a letter sent by the Presidential Palace to the Senate.
Republic Act 11916, which amends RA 7432, also encourages the hiring of seniors through a tax incentive to employers.
It provides that private entities that will employ senior citizens will be entitled to an additional deduction from their gross income equivalent to 15% of the total cost of salaries and wages to seniors employed for at least half a year.The increase in the pension of indigent senior citizens is a timely response to catch up with the urgent and real needs of our indigent elderly,Senator Mary Grace S. Poe-Llamanzares, primary author of the bill, said in a statement on Tuesday.
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