Cash incentive for senior citizens ages 85, 90 and 95 years old

Dear PAO,

Is there a law granting a cash incentive to Filipinos who reach 80? As far as I know, one needs to be 100 years old to receive a generous cash incentive from the government, but my nephew told me that he came across a news clip about such a benefit. If there is, can you tell me more about it? It may be too soon for me even to be interested in this, as I am only 78 years old right now, but I cannot help but feel happy that there is a development in our laws that caters specifically to the elderly. Please enlighten me.