Recently in the City of Las Piñas, mayoral candidate Carlo Aguilar highlighted his proposal of creating a local pension fund to support the senior citizens of the city, according to a Manila Bulletin news report. For the newcomers reading this, Carlo Aguilar previously served as a City Councilor and is running for the city’s top opposition against incumbent Vice Mayor April Aguilar along with some other candidates.
To put things in perspective, posted below is an excerpt from the news report of the Manila Bulletin. Some parts in boldface…
Las Piñas City mayoral candidate Carlo Aguilar is proposing the creation of a local pension fund that will provide monthly financial support to the city’s senior citizens.
Aguilar said the creation of a local pension fund will help ease the everyday burden being faced by thousands of elderly residents who rely on limited government assistance.
He said currently, only around 11,000 seniors in Las Piñas receive the ₱1,000 monthly social pension from the national government.
Aguilar said the proposed local pension fund seeks to expand the assistance coverage to the city’s estimated 60,000 senior residents. It will begin with the most vulnerable sectors or those without access to a pension from the SSS or GSIS.
“No lolo or lola should be left behind. Our elderly should not have to choose between buying medicine and buying food because a thousand pesos is simply not enough in today’s economy,” Aguilar said.
Aguilar said the monthly amount will be determined through reviews and consultations with senior groups and other stakeholders. He explained that the fund will be made possible through budget realignment, partnership with the private sector, and elimination of wasteful spending.
“There needs to be a full review of the city’s existing expenditure program to identify non-essential items that can be redirected toward the pension fund. Tapping the corporate social responsibility (CSR) programs of big companies is also part of the proposed financing strategy for the fund,” Aguilar said.
Let me end this piece by asking you readers: If you are a resident of Las Piñas City, what is your reaction to this development? Do you believe that a high number of Las Piñas senior citizens don’t have access to financial support from the local and national governments? Do you think the establishment of a local pension fund for senior citizens makes a lot of sense? Are many voters in your local community planning to vote for Carlo Aguilar for Mayor on May 12?
You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.
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