Higher pension budget for seniors sought

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Rep. Milagros Aquino-Magsaysay (center) with seniors. (Photo from Senior Citizen Partylist)

SENIOR Citizen Party-list Rep. Milagros Aquino-Magsaysay has asked the Department of Social Welfare and Development (DSWD) to revisit its social pensions coverage for senior citizen in their draft budget for 2019.

Aquino-Magsaysay said the DSWD’s original coverage of 3.8 million social pension indigent recipients and the corresponding original budget of P23.4 billion for 2019 would not be enough to save hundreds of thousands of impoverished seniors now grappling with the effects of 5.2 percent inflation rate.

“Given the current economic shifts, I strongly believe the DSWD must consider new and realistic numbers since the current numbers of indigent elderly may have been underestimated,” said Aquino-Magsaysay.

“I also plead with the social welfare department to make the implementation for the country’s social pension payout more expedient and efficient. Given the urgency of the economic situation, the social pension, despite its small amount, could be the only form of income security our indigent elderlies have to weather the impacts of consumer inflation,” she said.

Incremental proceeds from the Tax Reform Acceleration and Inclusion Law collection may still have room to accommodate those who were waitlisted or who have been rendered indigent by the prevailing elevated consumer prices, according to Aquino-Magsaysay.

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