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The Impact of Senior Citizen Discount

This chapter introduces the background and context of the study. It discusses the key benefits that senior citizens in the Philippines are entitled to under Republic Act 9994, such as a 20% discount and VAT exemption. It notes that while these benefits may seem enjoyable, students are still decades away from qualifying. However, it is important for students to be aware of these laws to help their parents or grandparents access their rights. The statement of the problem asks about the benefits of knowing senior citizen rights. Key terms are also defined.

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0% found this document useful (0 votes)
439 views3 pages

The Impact of Senior Citizen Discount

This chapter introduces the background and context of the study. It discusses the key benefits that senior citizens in the Philippines are entitled to under Republic Act 9994, such as a 20% discount and VAT exemption. It notes that while these benefits may seem enjoyable, students are still decades away from qualifying. However, it is important for students to be aware of these laws to help their parents or grandparents access their rights. The statement of the problem asks about the benefits of knowing senior citizen rights. Key terms are also defined.

Uploaded by

jm padua
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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CHAPTER 1

INTRODUCTION

Background of the Study

The Republic Act 9994 defines the privileges all senior citizens in the Philippines are
entitled to. Elderly Filipinos aged 60 and above are entitled to a 20% senior citizen discount and
are exempted from the value-added tax (VAT) on applicable goods and services for their
exclusive use.
Is it more fun to be a senior citizen in the Philippines? It may seem so, especially now
that the government provides elderly Filipinos with senior citizen discount and benefits to help
ease their finances in their golden years, you may be 30 to 40 years away from enjoying such
privileges, but it helps to learn about them now, especially if you’re looking after your parents or
grandparents. Yes, they need your help in knowing and asserting their rights under the senior
citizen law.
Thus we all know how beneficial to the Elderly the VAT and 20% senior citizen discount
which also known as the “Expanded Senior Citizens Act of 2010”

Statement of the Problem

This study explores the view of the students whose parents or grandparents are Senior
Citizens. What benefits does it bring on knowing the rights under the senior citizen law?

Assumptions

The researcher assumes that the respondents view senior citizen law as if nothing.

Importance of the Study

This study will mostly benefit the following:

 The Senior High Students will benefit for a secured future…


 The Elderly will know their rights as a senior citizen…

Scope and Delimitation


The respondents of the study are residents from Mabayuan, Olongapo City. The study
will be conducted from month of March 2021 until the end of the School year. Residents who
refused to be interviewed are not considered respondents of the study

Definition of Terms

TAX - a compulsory contribution to state revenue, levied by the government on workers' income
and business profits, or added to the cost of some goods, services, and transactions.

VAT - A value-added tax (VAT) is a consumption tax placed on a product whenever value is


added at each stage of the supply chain, from production to the point of sale.

DISCOUNT - a deduction from the usual cost of something, typically given for prompt or
advance payment or to a special category of buyers.

THE REPUBLIC ACT 9994 –An ACT granting additional benefits and privileges to senior
citizens

Survey of Related Literature and Studies

Literature (Foreign & Local)

(Foreign)

This research analyzes the impact of quality of life as a meta-variable that conditions the
health and social welfare of the elderly. The sample of this study is composed of 500 people,
randomly selected from the major day centers for the elderly in the province of Granada (Spain),
which is a multidimensional scale of health and quality of life, along with the Katz and García
measure questionnaires, which are also applied to quality of life. The importance of
implementing health measures from a multidimensional perspective. This means that while
analyzing the quality of life, factors such as the various social conditions and social, cultural, and
psychological networks that exist within.

(Local)

Filipino senior citizens had a deep understanding of their unmet needs .Four types of
unmet needs emerged, which revolved around economic, health care, social services, and family
support. Then, we explored their coping mechanisms to overcome these unmet needs. Senior
citizens responded either positively or negatively to cope with the challenges associated with
aging. As shown in the results, senior citizens of this study had an unmet need for financial
security, mainly due to the high rates of the informal workforce and the vicious cycle of poverty.
They were not able to save for their pension as they had to consider their families’ expenses over
their own needs. These results were in line with previous studies related to the labor market and
social insurance coverage in the Philippines .Ofreneo reported that jobs in the large informal
sector are increasingly precarious and generally unprotected, while Mandigma mentioned
poverty incidence as one of the drivers of pension coverage in the country. Hence, our results
underscored the importance of extending social protection among informal workers and reducing
poverty incidence to help achieve financial security in old age.

Studies

- The biopsychosocial approach is fundamental in the work of professionals dealing


with the elderly, as the constant interaction of the different areas of functioning
described can explain the causality between them. This is what happens in this case
with the relationship between functional skills, leisure, health, and quality of life:
when there is greater involvement with others, and more satisfaction in social
contacts, there is a better performance of instrumental or daily activities. This can
lead to greater autonomy and better control of certain pathologies and physical
limitations.

- This study is the first to explore the unmet needs and coping mechanisms of
community-dwelling Filipino senior citizens from a qualitative perspective. Both
focus group discussions and in-depth interviews from three local stakeholders
gathered many profound insights about the unmet needs and coping mechanisms of
senior citizens.

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