Home Senior Citizens’ population to reach 14 percent by 2030

Senior Citizens’ population to reach 14 percent by 2030

While the majority of Filipinos strongly believe in giving back to parents by taking care of them at their sunset years; the government nevertheless has to continue recognizing the needs of the senior citizens. Especially that its gradually growing every year.   Earlier this year, the Commission on Population and Development (CPD) announced that by the year 2030, 14 percent of the Filipino population will be 60 years old and over. Consequently, this means that the country will be entering the so-called Aging population era. By the end of 2018 alone, around eight million or 8.2 percent Filipinos already reached the age of 60. Having said, the future economy of the country will be at stake. As the number of senior citizens rises, the demand for medical and financial assistance also increases. Moreover, 55 percent of them receive no pension, while about 16 percent have a social pension of 500 pesos only. Noting the economic impacts, CPD Executive Director Juan Antonio Perez brought up to the Senate the establishment of the National Commission of Senior Citizens (NCSC) last January. Almost immediately, the Senate has supported the bill, and on July 25, President Rodrigo Duterte has approved mandating the creation of the NCSC.  

Republic Act 11350

Republic Act 11350 or the NCSC provides service and activities beneficial to the elderly. It also abolishes the National Coordinating and Monitoring Board, an Expanded Senior Citizens Act, created last 2010. The Department of Social Welfare and Development (DSWD) will turn over its programs, projects, and activities intended “for the poor, vulnerable, and disadvantaged senior citizens” to the NCSC. NCSC function include (1) “establish and maintain cooperation and consultations with all government units and agencies pertaining to the general welfare of senior citizens;” (2) “formulate policies for the promotion and protection of the rights and well-being of senior citizens,” and; (3) “ensure the full implementation of laws, policies, and programs of the government pertaining to senior citizens.”   In addition, the Department of Health also continues the regulation of retail prices for medicines. As you may not know, the Philippines has the highest price of medicine in Asia. — Since the government already took its initiative on this matter, as citizens, we should also do our part. Aside from considering retirement savings as early as when we get our first job, taking the responsibility to look after our parents are also at the forefront.

Leave a Reply

Your email address will not be published. Required fields are marked *