Retirement Funds Arrive: Social Security Back Payments Commence Disbursement
In a significant development for retirees, the Social Security Organization has officially begun disbursing long-awaited back payments. The move addresses financial adjustments owed to pensioners and underscores the government’s commitment to fulfilling its social obligations.
A Commitment to Pensioners Fulfilled
The announcement was made by Mostafa Salari, the Managing Director of the Social Security Organization, during a series of consultative meetings. Mr. Salari emphasized the organization’s role as a trustee for retirees and insured individuals, stating, “We deeply and sincerely consider ourselves committed to fulfilling our obligations to retirees.” He expressed gratitude for the straightforward feedback from retiree associations, highlighting a collaborative approach to addressing their concerns.
The decision to release these funds follows extensive efforts to secure the necessary financial resources amidst a complex economic landscape. Salari detailed the challenges faced, including lower-than-projected insurance premium revenues, which initially hampered the organization’s ability to settle the arrears on schedule.
Payment Schedule and Government Support
The disbursement process is now underway. Back payments for the lowest-income pensioners, who constitute approximately 70% of all retirees, began on Wednesday, September 12. The payments for all other retirees will follow consecutively and are scheduled to be completed by the end of the current Iranian month.
This crucial payment was facilitated by unprecedented support from the government. Salari noted, “We have encountered positive and decisive opinions from the President and the government regarding providing necessary resources, which is unprecedented.” A high-level working group, formed on the order of the President, has been tasked with facilitating the settlement of substantial government debts to the Social Security Fund, ensuring its financial sustainability.
Broader Reforms and Healthcare Focus
The meeting also covered ongoing reforms within the organization’s healthcare division. Plans are in motion to restructure and enhance the efficiency of medical services through digitalization and the creation of dedicated administrations. Salari firmly dismissed any speculation about the privatization of the organization’s owned medical centers, stating, “The assumption of transferring ownership of Social Security’s medical centers is entirely baseless.” He reaffirmed that upgrading these valuable assets and their services remains a top priority.
Furthermore, addressing the status of Bank Refah, a key financial arm for the organization’s services to millions of Iranians, was discussed. Salari confirmed that the return of the bank’s management to the Social Security Organization is a high-priority issue that has the full support of the President and the Speaker of the Parliament.
Safeguarding a National Trust
Concluding the discussions, the Managing Director reinforced the organization’s unwavering duty to protect the fund’s resources. “We have absolutely no leniency when it comes to safeguarding the savings and resources of the insured and retirees,” Salari asserted. He stressed that while employers are essential partners, the organization must vigilantly prevent any actions by a minority that could jeopardize this national trust for personal gain.
The productive dialogue allowed representatives from retiree associations across the country to voice their concerns and expectations, paving the way for continued cooperation in managing one of the nation’s most vital social institutions.
