SEC warns against elderly welfare club

A WARNING to both consumers as well as establishments offering discounts to senior citizens.

The Securities and Exchange Commission (SEC) has advised the public to take precautions in dealing with Senior Citizen and Elderly Welfare Club of the Philippines Inc. (SCEW) or its representatives and not to believe in any of its misrepresentation that the SCEW cards may be used as discount cards and that its members may be entitled to the benefits and privileges given to senior citizens under the law.

On Friday, Sept. 20, 2019, the commission said it had received information that the said entity sells SCEW cards resembling senior citizen’s ID cards issued by the government for P350 – P600 per card to people aged 40 to 59 years old, without authority from the Office of the Senior Citizens Association (OSCA).

Through the representation of its president, Mr. Restituto Perez Jr., the holders of these IDs would be able to avail themselves of the discounts and privileges of the senior citizens to the detriment of the establishments which are mandated to honor the senior citizen’s card, the SEC said.

The distribution of the SCEW cards is already widespread, with around 140 satellites all over the country.

SCEW is registered with the Commission as a non-stock corporation with the purpose of initiating and promoting a healthy and harmonious association to junior citizens aged 40 to 59 years old. It does not include in its purpose the issuance of membership cards that offer to members the discounts and privileges available for senior citizens under Republic Act 9994, otherwise known as the Expanded Senior Citizens Act of 2010. (PR)

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