3-M SENIOR CITIZENS TO BENEFIT FROM TRAIN SUBSIDY
The country's elders are some of those who will be benefiting from the Tax Reform for Acceleration and Inclusion (TRAIN) law.
Department of Social Welfare and Development (DSWD) officer-in-charge Emmanuel Leyco said some 3 million senior citizens are qualified to receive an additional P200 per month this 2018.
Leyco also said indigent senior citizens who are part of the government’s social pension program will receive a lump sum of P2,400 in March.
This is above their monthly pension amounting to P500.
The grant eyes to offset the possible price increase of basic commodities due to new taxes imposed on various products.
However, DSWD cleared that not all senior citizens are qualified to receive the TRAIN subsidy and the P500 monthly pension.
The agency explained in a statement that the law specifies that seniors qualified to receive the P500 monthly pension under the social pension program of the department are those who are frail, sickly or with disability; without any pension from other government agencies; and without a permanent source of income or source of financial assistance/compensation to support their basic needs.