A bill which seeks to award a P100,000 cash gift to all people who reached the age 100 has been filed at the House of Representatives.
Centenarians shall also be entitled to a 30 percent discount and exemption from the value-added tax (VAT) on the sale of goods and services from all establishments under.
House Bill 3134 or the Centenarians Act of 2014 was filed by Biliran Rep. Rogelio Espina.
“We need to give due honor and respect to living centenarians,” he said, explaining that the country’s supposed slow economic progress resulted in a shorter life expectancy.
HB 3134 provides that the concerned local government unit (LGU) shall determine the amount of the cash incentive.
The measure also provides that centenarians will receive a letter of felicitation from the President of the Philippines.
HB 3134 calls for the declaration of 25th of September as National Respect for Centenarians day.
During this day, all Filipinos who have turned centenarian in the current fiscal year shall be awarded a plaque of recognition and a cash incentive by their respective city or municipal governments in appropriate ceremonies, according to the measure.
Under the measure, the nearest surviving relative or representative of each centenarian will receive Posthumous plaques of recognition in honor of deceased centenarians.
Violators of the proposed Act shall be slapped with a penalty of one-year imprisonment and a fine of P100,000, for the first offense. For subsequent offense, imprisonment of two years and a fine of P150,000 await those who abuse, refuse to abide by, or violate the provisions of the proposed law.