HB05038: AN ACT GRANTING UNIVERSAL SOCIAL PENSION TO SENIOR CITIZENS, FURTHER AMENDING REPUBLIC ACT NO. 7432, AS AMENDED BY RA 9994, OTHERWISE KNOWN AS THE "EXPANDED SENIOR CITIZENS ACT OF 2010"
This bill proposes granting a universal social pension of at least Php500 to all senior citizens, regardless of their socioeconomic status. It aims to provide a safety net for older persons who may not have adequate financial support. The bill also seeks to amend the Expanded Senior Citizens Act of 2010 to ensure that all senior citizens receive financial assistance to augment their daily subsistence and medical needs.
The most beneficial provision is the grant of universal social pension to all senior citizens, ensuring that they have a financial safety net to support their basic needs and live their later years with dignity and security.