Title: Final Phase of 5 Million Toman Payment Rollout for Iranian Pensioners Concludes
A Long-Awaited Settlement Nears Completion
The process of settling the outstanding pension payments from the Iranian month of Farvardin for Social Security retirees and pensioners, which began in Mehr month, is now in its final stages. This significant financial undertaking is set to resolve the remaining dues for a specific segment of pensioners.
Systematic Disbursement in Progress
According to reports, the disbursement of the pay differential for retirees with monthly incomes exceeding 20 million Tomans commenced yesterday for those with family names beginning with specific letters. The program is scheduled to continue systematically for other groups in the coming days. Officials have confirmed that, based on the established plan, all remaining arrears are projected to be fully settled by the end of the first half of the current Iranian month of Aban 1404.
Financial Details and Broader Context
The amount owed to these Social Security beneficiaries is reported to be between 4 to 5 million Tomans per individual. While the majority of pensioner claims, particularly for minimum-wage earners and survivors, were addressed in the previous month of Shahrivar, approximately 30 percent of pensioners with higher incomes had been awaiting this specific differential.
The initial timeline for these settlements was the end of Mehr month; however, the process was extended into Aban due to administrative procedures for resource allocation. A portion of the required financial resources has been secured through a 70,000 billion Toman government bond issuance. This credit is being utilized not only to clear the pension arrears but also to settle other government liabilities to the Social Security Organization and medical centers.
A New Chapter for Pension Management
With the full implementation of this payment program by mid-Aban, the case of the Farvardin month pension arrears will be officially closed. This milestone allows the Social Security Organization to move forward and transition into a new phase of streamlined financial management and payment organization for the nation’s retirees.