Wednesday, September 08, 2010
Limits on pension rights for elderly draw flak
The Philippine government’s deferment of the full implementation of a law that provides pensions to the elderly is biased against the poor, says a senior citizen’s organization.
The government had announced it could only release 871 million pesos (US$19.64 million) next year. This is a fraction of the 7 billion required annual funding for a 500-peso elderly monthly pension as provided by law.
Only those 80 years old and above now qualify for the pension in 2011 or about 145,150 senior citizens, as opposed to the estimated 4.1 million elderly who are 60 years and older and who should be receiving the pension.
“I’m quite disappointed,” said Ed Gerlock of the NGO Coalition of Services of the Elderly (COSE). He said most of the elderly are below 80 years old.
© Full report at ucanews.com