Title: Landmark Financial and Welfare Initiatives Launched for Iran’s Teaching Community
In a significant move to support the nation’s educators, the Iranian Teachers’ Savings Fund has announced the commencement of its annual profit distribution for the current year, alongside a suite of exclusive new benefits.
Annual Profit Payouts Begin
The fund has initiated the transfer of annual profits to its members’ accounts this month. Ali Sadeghi, the Managing Director of the fund, confirmed that disbursements have already begun for 3,852 members. He emphasized the organization’s commitment to efficiency, stating that shareholder payments are consistently processed in the shortest possible time, typically within a month of receiving retirement information. Members have been advised to check their account balances with Saman Bank and Melli Bank to confirm the deposits.
Substantial Financial Returns Identified
Detailing the financial performance, Sadeghi revealed that the fund’s fiscal year, which concluded at the end of the last Iranian year, saw a recognized profit of 950 billion tomans. This substantial sum is now being gradually deposited into members’ accounts. While individual payouts range from 800,000 to 4 million tomans, the average profit per member is estimated to be approximately 1.2 million tomans.
Introducing the New “Equity Share” Profit
A groundbreaking new initiative, the “Equity Share” profit, was also unveiled. This program involves converting the fund’s real estate and asset portfolio into Rial-based value, with the resulting capital gains being distributed as additional profit among the members. Sadeghi announced that a specialized team has been formed to calculate each member’s individual share based on their years of membership, with the scheme slated for implementation by the seventh month of the Iranian calendar.
Enhanced Welfare and Travel Benefits
Beyond profit distributions, the fund is actively rolling out new welfare schemes to honor both active and retired educators.
- Low-Interest Loans: Members can now access non-face-to-face, low-interest facility loans of up to 300 million Rials. After receiving an SMS from the bank, the approved amount is transferred to the applicant’s account within minutes.
- “Mehr Afarin” Cultural Travel Plan: Designed to make travel more accessible, this plan allows teachers and their families to stay in three and four-star hotels by paying only half of the trip’s cost upfront, benefiting from a special discount. The remaining balance can be paid in convenient 11-month installments.
Full details of all these programs have been uploaded to the Teachers’ Savings Fund website for easy access. Sadeghi concluded by inviting all educators to join the fund to take full advantage of its growing portfolio of services and benefits.