Section 1
SECTION 1. Section 2 of Republic Act No. 10868, otherwise known as the "Centenarians Act of 2016", is hereby amended to read as follows: "SEC. 2. Letter of Felicitation and Cash Gift. - All Filipinos, whether residing in the Philippine or abroad, upon reaching the age of one hundred (100) years old, shall receive a cash gift of One hundred thousand pesos (P100,000.00) and a letter of felicitation from the President of the Philippines congratulating the celebrant for his or her longevity. All Filipinos, whether residing in the Philippines or abroad, upon reaching the ages of eighty (80), eighty-five (85), ninety (90), and ninety-five (95), shall each receive a cash gift of Ten thousand pesos (P10,000.00) The grantees under this section shall be eligible to receive the cash gift within one (1) year from reaching the ages of eighty (80), eighty-five (85), ninety (90), ninety-five (95) and one hundred (100)."