Rewritten Title: Iran’s Pension Funds Announce Schedule for November Benefit Disbursements
Article:
In a move underscoring the government’s commitment to social welfare, Iran’s pension funds have released the official payment schedule for retirees’ November living allowances. The structured disbursement plan covers retirees from key sectors, including the Oil Industry, Social Security, Civil Servants, and the Military, ensuring timely financial support for millions.
A Staggered Payment Schedule for Efficiency
To align with banking systems and streamline transactions, the funds will process payments on different dates throughout the latter part of the Iranian month of Aban (mid-November to mid-December). Officials have emphasized that all payments will be made without delay, adhering strictly to the announced timetable.
Key Payment Dates:
- Oil Industry Pension Fund: Retirees from this sector will be paid first, receiving their benefits between November 21 and 24. Their payments will also include welfare benefits and performance bonuses.
- Social Security Organization: Pensions for this largest group of retirees will be deposited on November 28, 29, and 30. The minimum pension for this group is set at approximately 11.75 million tomans.
- Civil Servants Pension Fund: Payments for state retirees are scheduled for November 29 and 30, with an average pension of around 15 million tomans.
- Military Pension Fund: Retirees from the armed forces will receive their pensions on November 30, with the transfer process potentially continuing until December 1. The minimum pension for a military retiree with 30 years of service is about 14.04 million tomans. Additionally, increased subsistence allowances for veterans and their families will be included.
Commitment to Retiree Welfare Reflected in Annual Increases
The payment schedule follows the government’s and pension funds’ approved increases for the current Iranian year (1404). These adjustments demonstrate a continued focus on improving retirees’ living standards, with a 45% increase for the lowest pension brackets and a 32% increase for other levels. Additional family and subsistence allowances have also been standardized.
Ensuring Timely and Transparent Disbursements
Pension fund authorities have reassured beneficiaries that the disbursement process is proceeding according to plan. Retirees are encouraged to use official communication channels and the online portals of their respective pension funds for real-time updates and to track their deposits, ensuring a transparent and efficient process.