Historic Pension Reform: Over 4.7 Million Iranian Retirees Receive Significant Benefits Increase
In a major social welfare development, Iran’s Social Security Organization has begun implementing a landmark pension adjustment plan. The initiative, which commenced in the second month of the current Iranian calendar year (Aban 1403), has already extended its benefits to over 4.7 million retirees across the nation.
A Phased and Calculated Approach
The substantial increase is being rolled out in a structured, three-year phased program as mandated by law. The core objective is to compensate for 90% of the gap between pension values and the current minimum wage by the conclusion of the third year.
The specific increases are set at 40% for the first year and 30% for the second year, ensuring a significant and steady enhancement of retirees’ living standards.
Substantial Investment and Individualized Calculations
The implementation of this year’s pension adjustment represents a major financial commitment, with an estimated monthly cost of approximately 5,500 billion tomans for the Social Security Organization. It is important to note that the increase is not a flat amount for all recipients. Instead, the adjusted benefit for each retiree is calculated individually, based on their specific pension history and in strict accordance with established insurance principles, ensuring fairness and proportionality.
This reform underscores a continued focus on strengthening the nation’s social safety net and supporting the well-being of its senior citizens.