Title: Government Announces Significant Wage and Pension Increases for 1404
In a move aimed at bolstering household economics, the Iranian government has confirmed substantial increases to pensions and wages for the upcoming year. The measures are part of ongoing efforts to mitigate the impact of global economic pressures on citizens’ livelihoods.
Substantial Boost for Pensioners
The most significant increase has been allocated to the nation’s retirees. Through the implementation of two phases of pension equalization and a rise in the base wage, pension payments have seen an uplift of up to 60 percent. This considerable adjustment is designed to directly enhance the financial security of retirees.
Wage Hikes for Workers and Employees
Complementing the pension increase, the minimum wage for workers has been raised by 45 percent. Furthermore, salaried employees will see their incomes grow by 30 percent. These coordinated adjustments across different sectors of the workforce demonstrate a comprehensive approach to providing economic relief.
Commitment Amid Financial Constraints
The Minister of Cooperatives, Labour, and Social Welfare, Ahmad Meidari, emphasized the government’s commitment during the inauguration of several Social Security Organization projects. He acknowledged existing financial limitations but reaffirmed that the improvement of living and medical conditions for retirees and workers remains a top priority for the administration.
Additional Support Measures
Beyond the wage increases, further support has been announced in the form of interest-free micro-loans. The Minister detailed a program offering 50 million tomans in interest-free loans to retirees. While currently available to over 20,000 individuals monthly, the government recognizes the need to expand such financial support mechanisms to a broader segment of the retiree population, which numbers approximately 4.8 million.
Acknowledging Economic Realities
Officials have openly acknowledged that while these increases are substantial, persistent inflationary pressures in the global economy continue to present challenges to purchasing power. The government’s strategy involves a multi-faceted approach, combining direct financial increases with social welfare projects and support programs managed by the Social Security Organization to continually improve the living standards of its citizens.
