cash gift for the elderly from local government
Often given on milestone birthdays such as 77th (喜寿) and 88th (米寿). The amount and eligibility vary by municipality.
A cash gift for the elderly was provided by the city.
I received a cash gift for the elderly on my 77th birthday.
Compound of 敬老 (けいろう, 'respect for the elderly') + 金 (きん, 'money').