- Congressmen files a bill seeking to reduce senior citizens age to 56
- These lawmakers also filed a bill earlier to reduce retirement age to 56
- Proponent: Lowering the retirement age provides more employment opportunities
Retirement at 56?
Congressmen from AKO-Bicol partylist filed House Bill 529 aiming to reduce the age for senior citizens in the Philippines from 60 to 56.
The bill, filed by Representatives Rodel Batocabe, Alfredo Garbin Jr. and Christopher Co, wants to amend Republic Act 7432 which is also known as “An Act to Maximize the Contribution of Senior Citizens to Nation Building, Grant Benefits and Special Privileges and for Other Purposes.”
The proponents pointed out that at the age of 56 “age-related ailments and other physical limitations are already experienced” and thus, lowering the age for them to be qualified as a senior citizen would earlier give Filipinos the benefits and privileges given to the present senior citizens.
They added that the change in lifestyle these days makes people more vulnerable to sickness.
Among the privileges currently given to senior citizens are medical-related privileges, income tax exemptions and educational privileges.
Prior to this, Tribune (Ph) reported that the said lawmakers filed HB 136 to make employees who have reached the age of 56 eligible for retirement benefits under governing laws regardless of their position, designation or status and irrespective of the method by which their wages are paid.
According to Batocabe as per a Philippine Star story, if employees can retire early it gives them the opportunity to still enjoy retirement benefits at a younger age.
The bill will also provide more employment, jobs and opportunities for young professionals looking for jobs as they take over in the public service if retirement age for older professionals would come earlier.
Also, they noted that public offices need the new perspectives and insights of a younger workforce in the government.
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