Before officially leaving the Malacañang, President Benigno,Aquino III has finally signed the law that will grant P100,000 cash incentive,and additional benefits to all Filipino who reach the age of 100 and above, or called as 'centenarians.'
The law is under the Republic,Act 10868 was signed by Aquino last June 23, 2016, almost a week left in his term. This was confirmed by Albay,Representative Edcel Lagman, the primary proponent of the measure in the House of,Representatives. This rooted from the provision requested for businesses to give a 75-percent discount on,goods and services to customers who are 100 years old and up. But the administration,claimed that it was "too heavy" for businessess to bear.
So Aquino vetoed the bill to compensate,for not approving that mandate. Under this Republic Act, all Filipinos who reached and will reach 100,years will receive letter of felicitation from the President of the Philippines and a P100,000 cash gift, regardless,if they are in the Philippines or in abroad.
Furthermore, they will awarded with a plaque,of recognition and additional cash gift from their local governments during the National Respect for,Centenarians Day every 25th of September.
Lagman said that there's about 3,500 Filipino,centenarians who are eligible for the Centenarian Act. Quoting from his statement he said "“I am especially,excited for the 3,500 Filipino centenarians who will be conferred with the recognition,they rightfully deserve and of course their P100,000.00 cash gift very soon,” He added that he is thankful to,Aquino for signing the bill before he steps down. “Just in the nick of time! I must say it,was really a long wait but it was well worth the wait. [On] behalf of all the co-authors of the Centenarians Act, I would like,to thank our President for giving it the green light at last,” he said.
This one of the 4 legislative proposals that Aquino,approved before his term ends. The other three are RA 10865 or the Mayor Hilarion A. Ramiro, Sr. Medical,Center Act, RA 10866 or the Batanes Responsible Tourism Act, and RA,10867 or the National Bureau of Investigation (NBI) Reorganization and,Modernization Act.
source: gmanetwork
Post a Comment