Title: Retirees’ Long-Pending Benefits Approved – Key Details and Payment Timeline
Introduction:
After months of anticipation, the government has officially approved the disbursement of long-overdue end-of-service bonuses for retirees. This move, aligned with budgetary laws and regulations, aims to address retirees’ financial concerns while ensuring compliance with legal frameworks.
Approval and Implementation:
According to a recent directive (dated 404/5/22), all executive bodies have been instructed to process the remaining end-of-service payments for retirees from 2023. The directive references Article 19 of the Budget and Planning Law, along with supplementary financial regulations, ensuring that allocated funds are used transparently and efficiently.
Payment Process:
Executive agencies must submit complete beneficiary details—including national ID, retirement date, bank account information, and payable amounts—to the Ministry of Economic Affairs and Finance. Payments, capped at 5.2 billion rials per retiree, will be processed through a credit payment system to ensure timely transfers.
Clearing Outstanding Dues:
Mirzaei, head of the National Retirement Fund, clarified that retirees’ delayed deductions—previously backlogged for three months—have now been fully settled as of May 2024. He emphasized that current deductions for auxiliary payments (e.g., side funds or stores) are now processed daily, eliminating further delays.
Pending Adjustments and Future Payments:
- Retired Teachers (2020 Claims): A significant portion (approximately 10 trillion rials) was allocated in this year’s budget, with 50% paid in June. The remaining 4.5 trillion rials is slated for August.
- 2023 Adjustments: Payments for eight months of pension adjustments (totaling ~14 trillion rials) began in June and will continue in installments through year-end.
- Medical University Retirees: A 15% adjustment for this group awaits funding from asset sales, currently delayed due to stock market listing procedures. Mirzaei assured that payments will proceed once liquidity is secured.
Conclusion:
This structured payment plan reflects the government’s commitment to resolving retirees’ financial grievances while adhering to fiscal discipline. Authorities continue to monitor implementation to ensure all eligible beneficiaries receive their dues promptly.
