Major Pension Reform: Over 4.7 Million Iranian Retirees Receive Significant Income Boost
In a significant move to enhance the welfare of its senior citizens, a major pension adjustment initiative is now actively being implemented across Iran. This critical policy, designed to address the gap between pension income and the cost of living, represents a substantial financial commitment to the retired community.
The Social Security Organization began executing this nationwide plan in the second month of the current Iranian calendar year. To date, the program has successfully encompassed more than 4.7 million retirees, directly impacting the livelihoods of millions of households.
A Structured, Three-Year Plan
The adjustment is being rolled out according to a clear, legislated framework spanning three years. The primary goal is to compensate for 90% of the gap between pension values and the current minimum wage by the end of the implementation period.
The increases are being applied in phased increments to ensure stability and effective execution. Retirees received a 40% adjustment in the first year of the plan, followed by a further 30% boost in the second year.
Substantial Investment in Citizen Welfare
The implementation of this adjustment underscores a profound commitment to social welfare. This year alone, the process carries a substantial monthly cost of approximately 5,500 billion tomans for the Social Security Organization.
It is important to note that the adjustment is not a flat, fixed amount for all recipients. The specific increase for each retiree is calculated individually based on their existing pension and is determined through established insurance computation principles, ensuring a tailored and equitable approach for every beneficiary.