Financial experts recommend investing for retirement. Apparently, a big number of senior citizens in the Philippines depend on their monthly pensions to sustain their needs. This is only applicable to those who have worked in a private company or in the government as they can receive a pension from GSIS or SSS.
But, how about those who are not a member of the GSIS and SSS? Fortunately, the government through the Department of Social Welfare and Development has created a program to help those elderly who are not receiving monthly pensions from SSS or GSIS. The program is called DSWD SPISC or Social Pension Program for Indigent Senior Citizens.
Through the RA 9994 also known as the Expanded Senior Citizens Act of 2010, the program was launched in 2011. The main objective of the Republic Act is to expand and improve the living conditions of the senior citizens especially those who are also indigents. The programs can also protect the elderly from deprivation and neglect.
Around 2.8 million senior citizens will benefit from the program. The allotted budget for the program for 2019 is Php17,940,258,000.00.
Qualifications for DSWD Social Pension Program for Indigent Senior Citizens
- Must not be below 60 years old
- Senior citizens who don’t have support from the family or relatives, and no regular income
- Not receiving a pension from any government or private institutions
- Senior citizens with disability and illness
Basic requirements for DSWD SPISC
Qualified senior citizens must submit the following basic requirements to avail the DSWD SPISC:
- OSCA ID
- Valid ID government-issued
- Birth certificate or any document that indicates the date of birth of the applicant
Once the requirements are completed, the applicant may submit the documents at any of the following:
- OSCA office
- Municipal/City Social Welfare and Development Office
- A regional office of the DSWD
Once the application is approved, the senior citizen will receive Php500 monthly assistance or social pension but will be released quarterly. The amount may be small, but it can help improve the budget of an elderly.