Eldery in Sibulan to receive P500 'Katas ng Vat' cash gift
by Rachelle Nessia
By Rachelle M. Nessia
Dumaguete City (27 February) -- Lolos and lolas in Sibulan town have something good coming their way – a P500 cash gift from the "Katas ng VAT, Tulong Para Kay Lolo at Lola Project" of Pres. Gloria Macapagal-Arroyo.
The Sangguniang Bayan of Sibulan in its recent session has given the green light for the implementation of the one-time cash benefit of P500 each for qualified senior citizens in the country.
The Department of Social Welfare and Development in Sibulan have started the validation of senior citizens in said town as beneficiaries of the Katas ng VAT program requires senior citizens aged 70 and above who are not receiving a pension.
The financial assistance from the Katas ng VAT program for the elderly is funded through revenues generated from the expanded value added tax or EVAT collection.
In support of the program, the Sibulan municipal government has taken the initiative of allocating P2,000 annually as medical financial assistance for its elderly residents.
Qualified to benefit from said assistance are the elderly who are 60 years old and above, poor and deserving and registered voters in Sibulan.
The amount of P2,000 which is seen as a pension plan and financial assistance will be distributed quarterly in the months of March, June, September and December. (PIA) [top]