When is your 100th birthday? You may get P100,000!

Here’s a possible incentive to live long until you’re 100

House bill wants to give Filipino centenarians P100,000

MANILA, Philippines – Here’s a possible incentive to live long until you’re 100.

The House of Representatives has approved on third and final reading a bill seeking to grant Filipino centenarians various rewards and incentives, including a cash gift of P100,000 from Malacañang.

If the Senate agrees and it turns into a law, you will also get on your birthday a letter of congratulations from no less than the President of the Philippines.

“Living to be a centenarian, or three decades past the life expectancy is an achievement and a distinction worthy of emulation and public recognition,” said Albay Rep Edcel Lagman, the principal author of the proposed “Centenarians Act of 2012.”

Life expectancy at birth is a major indicator of the level of nation’s human development. Lagman said the average Filipino can expect to live to only 71 years old.

“Centenarians are our role models for living long and aging well,” Lagman added.

It takes immense self-discipline to reach 100. While genetics plays a role in longevity, the dominant factor in living long is lifestyle, Lagman said, citing studies.

The bill seeks to amend the Expanded Senior Citizens Act of 2010 and declare every 25th day of September as the “National Respect for Centenarians Day.”

Other proposed rewards include:

  • 50% discount and exemption from the value-added tax (VAT) on the sale of goods and services from all establishments, but only for the exclusive use and enjoyment of the centenarians
  • A plaque of recognition and cash incentive by their respective city or municipal governments in appropriate ceremonies during the celebration of the “National Respect for Centenarians Day”
  • Psychological and other financial incentives

Lagman’s bill also wants to give deceased centenarians posthumous plaques of recognition. – Rappler.com

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